BOSTON, Jan. 23, 2006 (PRIMEZONE) -- Cyphermint, Inc., a leading provider of secure electronic payment solutions, announced a partnership with Harborlight Technologies, LLC, a provider of advanced self-service solutions for performing financial transactions over telephone, Internet or wireless devices. This strategic alliance of Cyphermint and Harborlight will enhance Cyphermint's current PayCash NOW(TM) Visa(R) Debit Card program, serving low-income HUD and Government Section 8 housing recipients, by offering Harborlight's telephone and wireless based Interactive Voice Response (IVR) solutions.
The PayCash NOW Visa(R) Debit Card, issued by BankFirst, Member FDIC, is a reloadable prepaid Visa(R) card that will serve as the vehicle to deliver the nationwide ATM debit card services for the program called the PayCash Rent Card Program. Harborlight will offer voice-based telephone and wireless self-service solutions through its alliance with Cyphermint, to approximately 16 million existing HUD and Section 8 recipients.
The PayCash NOW Visa Debit Card provides residents who may not qualify for credit or checking accounts, a flexible and secure cashless payment option. Recipients of the program who apply and qualify will be able to pay their rent and utilities without the use of a major credit card, a checking account or cash. Residents can present their PayCash NOW Visa Debit Card wherever Visa(R) debit cards or Interlink(R) Cards are accepted. Additionally, Harborlight's self-service IVR solutions further enhance Cyphermint's existing program to manage debit card accounts, transfers and cashless payments over the phone or mobile device.
"Cyphermint is pleased to help emerging and underserved consumers gain financial independence through the use of our PayCash prepaid Visa(R) card," stated Joe Barboza, President and CEO of Cyphermint "We are pleased to have Harborlight participate in this opportunity and to use their IVR technology with our PayCash Rent Card Program with HUD."
"Harborlight's interactive voice response solutions offer another option for program participants to access their PayCash NOW Visa Debit Card account information when using the phone or a wireless device," stated David McGillivray, President and co-founder of Harborlight. "We look forward to working with Cyphermint to enhance the self-service capabilities of their PayCash Rent Card Program."
About Cyphermint
Headquartered in Marlborough, Mass., Cyphermint is a provider of Global Electronic Cash Payment and eCommerce infrastructure/integration solutions. Our core technology, PayCash is used in three major areas: (1) Internet Cash Payment Systems, for B2C eCommerce via the Cyphermint PayCash System, (2) Kiosk Solutions, delivering Web-enabled self-service B2C merchandising systems, and (3) The PayCash NOW Visa(R) Debit 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 PayCash System, provides businesses complete turnkey solutions.
For more information about the PayCash NOW Visa(R) Debit or other PayCash products, please contact Dennis Bache, Director of Sales, Cyphermint at 508-787-4850 or by email at sales@cyphermint.com. Learn more about Cyphermint at www.cyphermint.com .
The Cyphermint Inc. logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1267
About Harborlight
Harborlight Technologies is a software company that offers advanced self-service solutions that enable banks and credit unions to offer personalized, human quality self-service banking to customers 24/7 via telephone, Internet and wireless devices. Incorporating industry-standards and advanced speech recognition technologies, Harborlight's solutions are quick and easy to deploy through a highly secured and reliable hosting environment, and typically pay for themselves within three to six months. A privately held company headquartered in Holliston, Massachusetts, Harborlight Technologies LLC markets its products and services directly and through third-party partners.
For more information, please visit www.harborlight-tech.com or call 508-429-6300.