News

Cyphermint partners with APS for bill payment kiosks

October 14, 2004

MARLBOROUGH, Mass. - Cyphermint Inc. and American Payment Systems (APS) will provide electronic bill payment services for Cyphermint's PayCash and Kiosk Integration Solutions, according to a recent press release.

APS bill pay services will be available on the PayCash One Stop, a self-serve, 24-hour kiosk with ATM capabilities among other retail kiosk projects from Cyphermint. The agreement will provide a cash alternative for consumers, who do not want to pay with money orders, credit cards or checks, to make bill payments. A consumer can walk into any participating supermarket or convenience store, insert cash into the kiosk and pay bills. In addition to cash, these kiosks also accept credit and debit cards for transactions other than bill payments. The kiosks display an on-screen opportunity for the merchant to market in-house promotions and will provide affiliate partners with coupon advertising opportunities.

"The addition of APS's leading walk-in bill payment services to our kiosk solutions ultimately enhance the value we can deliver to our base of retailers and the consumers they serve," said Joseph Barboza, president and CEO, Cyphermint, Inc.

"Our technology partnership with Cyphermint will offer APS an excellent opportunity to provide the under-banked marketplace with a self-serve solution for in-person bill payment," said Todd Lasher, director of business development, American Payment Systems. "By enabling Cyphermint's kiosk solutions with new capabilities, we are jointly increasing the convenience of walk-in bill payments with new customer channels."