MARLBOROUGH, Mass., Oct. 1, 2004 (PRIMEZONE) -- Cyphermint, Inc., the leading provider of secure electronic payment solutions, announces that it is offering the un-banked U.S. market its Pay Cash Now(tm) Debit Visa(r) Card, for use on the Internet, at any ATM nationwide or any merchant that accepts Visa. The Pay Cash Now Debit Visa Card, issued by BANKFIRST, provides customers who would not qualify for credit or checking accounts, a flexible and secure cashless payment option. Pay Cash Now cardholders can buy products and services without the use of a major credit card.
Traditionally consumers without credit cards cannot shop on the Internet. These un-banked consumers also have difficulty booking hotels and purchasing airline tickets. Cyphermint has created an easier and more secure way to access goods and services for those who have been previously turned down for credit. Pay Cash Now cardholders carry convenience. They shop on the Internet, book a flight, and rent a car, because NOW they can.
The Pay Cash Now Card does not require a bank account, security deposit or credit check and can be funded and reloaded at thousands of walk-in bill-pay locations across the country. The Pay Cash Now Card also does not have finance charges or annual fees.
This innovative card will also provide the un-banked and under-banked consumer with enhanced ATM capabilities, including PIN security (personal identification number) as well as the option for direct payroll deposit and overdraft protection.
The Pay Cash Now Card is not just limited to un-banked consumers. It is also suitable as a money-management tool for any budget-conscious consumer who would like to keep their spending in check. Since the Pay Cash Now Card is a prepaid card and access to funds is limited to how much is loaded on the card, overspending is not an option. "The Pay Cash Now Card will have the exact same look and functionality as a traditional credit card but with unparallel security and easy funding options as well as lower transaction costs," said Joe Barboza, President and CEO, Cyphermint. "Our goal is to provide the under-banked and security minded population with a complete and secure purchasing option".
For more information on the Pay Cash Now Debit Visa Card, or any other stored value card products, please contact Kenneth Stempler, VP of Sales, Cyphermint at 508-787-4811 or visit www.paycashnow.com. You may learn more about Cyphermint at www.cyphermint.com.
About Cyphermint
Headquartered in Marlborough, Mass., Cyphermint is a provider of Global Electronic Cash Payment and e-commerce infrastructure/integration solutions. Our core technology, Pay Cash(tm) is used in three major areas: (1) Internet Cash Payment Systems, for B2C e-commerce via the Cyphermint Pay Cash System, (2) Kiosk Solutions - delivering Web-enabled self-service B2C merchandising systems, and (3) The Pay Cash Now(tm) Debit Visa(r) Stored Value Card. Cyphermint's Kiosk Integration Division provides solutions to online retailers enabling full integration with kiosk networks and also sets up existing kiosk networks with eCommerce capabilities. Cyphermint's core technology, the Pay Cash System provides businesses complete turnkey solutions.
The Cyphermint, Inc. logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1232