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Kiosk software maker headed for bankruptcy court

September 1, 2008

Worcester (Mass.) Business Journal: Cyphermint Inc., a Marlborough, Mass.-based provider of software that lets users pay bills through cell phones and self-service kiosks, has several creditors trying to force its liquidation, according to documents filed with the U.S. Bankruptcy Court for the District of Massachusetts. A trustee appointed by the court is in the process of putting an agreement to run the company until it or its assets are sold. Paperwork has been recovered that allegedly shows a number of Cyphermint's directors and executives took substantial amounts of money from the firm in March and April, weeks before the company's local operations shut down.

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