News

Cyphermint adds refreshing software to Vcom program

May 6, 2002

DALLAS and MARLBOROUGH, Mass. -- Convenience store chain 7-Eleven (NYSE:SE) has entered into a strategic alliance with technology firm Cyphermint Inc. to provide software systems for its Vcom financial services kiosks.

Under the agreement, Cyphermint's Pay Cash System technology will be utilized for a variety of information and advertising functions, including event ticketing, lottery results, and online shopping. Cyphermint will also develop a series of third-party ads and e-commerce services.

"Our alliance with Cyphermint enhances the value of Vcom by providing a convenient way for more people to use or purchase e-commerce products and services," Jim Keyes, 7-Eleven president and chief executive officer, said in a news release.

Vcom is a touchscreen kiosk that offers ATM and other financial functions 24 hours a day. The program is currently being tested in 98 Florida and Texas locations. The convenience store chain plans to expand the program later this year; eventually 3,500 kiosks are expected to roll out.