Carver Federal Savings Bank is deploying four of Nexxo Financial Corp.'s bank-in-a-box kiosks in retail locations in New York City, providing an alternative means for un- and underbanked consumers to gain access to financial services, a company press release said.
Starting in July, Carver's customers can use the kiosks to cash checks, buy money orders, load prepaid cards, pay bills and send money. After the NYC pilot, Carver expects to add 20 more kiosks later in the year.
"We're making lives easier for our consumers by offering much needed alternative financial services without the frustration and expense they experience now. With Nexxo's technology, we can expand cost-effectively to offer our community access around the clock at convenient locations," said Ed Sheerins, VP and head of branch administration at Carver Federal Savings Bank.
Nexxo has already processed more than $1 billion through its offsite kiosk locations. This May, Nexxo established its first partnership with a credit union when Centris Federal Credit Union launched nine kiosks in branches and grocery stores around its Omaha, Neb., headquarters.
The new partnership with Carver will expand Nexxo's reach in two directions: into the East Coast and into the African-American and Caribbean regions.
Read more about bill pay kiosks.