News

Universal Express announces partnership with Cyphermint

March 16, 2005

NEW YORK - Universal Express announced today that its division, Universal Cash Express has partnered with kiosk software developer Cyphermint for deployment of their PayCash OneStop financial kiosk terminal to UniversalPost's network of postal stores. "Besides being able to offer bill payments, the financial kiosk may offer when appropriate, payday advance, check cashing, money transfer, wireless, long distance, and over 100 gift cards including our newest luggage express gift card. The kiosk also allows the merchant to upload, in real-time, funds to the Universal Cash Express Visa Gift Card, empowering the merchants with access to the prepaid debit and transfer card market worth millions of dollars annually," said Brett Hudson, president of Universal Cash Express. The future of the kiosk industry is now. Companies are finally learning to build the business case for self-service, and deployments are growing as a result. Next steps will be the incorporation of leading-edge technologies like Wi-Fi, RFID, biometrics and electronic advertising. "This growing and evolving partnership revolutionizes the capabilities of the pre-paid industry. Universal Cash Express fast and easy impulse purchases over a touch screen terminal can generate substantial profits," said Richard A. Altomare, CEO of Universal Express. "Our PayCash OneStop kiosk will enable eCommerce and financial services for merchants who want unparalleled security, scalability and management through self-service and full service applications" said Joe Barboza, president and CEO of Cyphermint.