MARLBOROUGH, Mass., April 19, 2007 (PRIME NEWSWIRE) -- Cyphermint, Inc., a leading provider of secure electronic payment solutions, announced today that they have signed an agreement with Fidelity Express, a full service financial services company, to provide mobile bill payment services using Cyphermint's PayCash Mobile(tm) technology.
A photo accompanying this release is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3614
The Cyphermint and Fidelity Express partnership will enable consumers to pay bills using their cell phones or other mobile devices.
By registering to use this easy mobile solution, consumers will be able to either initiate a payment from their cell phones or schedule mobile alert notifications to process a payment in one click. When a payment is due, the customer can receive an alert and with a single click, they can pay the bill and receive confirmation without having to enter or store any personal information on their cell phone. Fidelity Express will process the bill payment transactions on the same reliable, robust and secure financial services platform, Fidelity XPressPay, which currently processes millions of payment transactions annually.
Fidelity Mobile XPressPay, powered by PayCash, will also include a stored value card and electronic "wallet" account that will be tied to the cell phone so that bills can be paid from pre-loaded funds on the account. Customers can load funds to their accounts at any one of the Fidelity XPressPay or Cyphermint funding locations. Other options for funding include direct deposit, credit card and ACH transfer loading.
Fidelity Mobile XPressPay transactions are protected by a user PIN. The payment solution does not require complicated downloading and works with any Internet-enabled device. The user's mWallet (mobile wallet) account can be managed across any platform such as the cell phone, personal computer or any PayCash enabled kiosk.
Cyphermint's President Joe Barboza said, "We're excited to bring PayCash payment technology to Fidelity Express and consumers who rely upon complete security when paying bills with their cell phones."
"Mobile payments are a remarkable new application for wireless customers and we are convinced that Cyphermint's PayCash System is absolutely the right approach." said Pat Odom, Fidelity Express Division Manager. "To be able to join Cyphermint in bringing this innovative, time saving and flexible convenience to market is very exciting!"
About Cyphermint, Inc.
Headquartered in Marlborough, Mass., Cyphermint is a provider of Global Electronic Cash Payment and E-commerce solutions. Cyphermint's patented technology, PayCash, is used in three major areas: (1) The PayCash Mobile technology used by today's web-enabled wireless devices (2) Kiosk Solutions -- delivering web-enabled highly secure self-service B2C merchandising systems, and (3) PayCash Internet Payments providing un-banked consumers access to financial services such as Internet shopping, bill payment and debit cards. Cyphermint's software solutions provide highly secure, highly scalable web-enabled transactional, services to merchants and consumers on the Internet, self-service kiosks and on cell phones, smart phones and Internet-capable PDAs.
The Cyphermint Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=1267
About Fidelity Express
Founded in 1988 and headquartered in Sulphur Springs, Texas, Fidelity Express is a leading provider of point of sale financial services through over 5000 retail outlets throughout the U.S. Fidelity Express is a division of GSC Enterprises, Inc., a 60 year old full service wholesale distributor of grocery and convenience products to a diverse customer base in the south, southeastern and Midwestern U.S. GSC is the fifth largest convenience store distributor in the nation.
Fidelity Express retail point of sale financial services include money order processing, walk-in bill payment processing as well as age verification necessary for alcohol or tobacco sales. In association with other providers they also offer Travelex Money Transfer (recently purchased by Coinstar, Inc.) as well as credit/debit card processing to retailers. (Fidelity Express is an independent sales organization for credit/debit card processing in association with Columbus Bank and Trust, Columbus, GA.)
Photo is also available at NewsCom, www.newscom.com, and via AP PhotoExpress.
