IRVINE, Calif., Sept. 16, 2013 (GLOBE NEWSWIRE) -- General Payment Systems, Inc. (OTC:CPSZD) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company will provide its EZ Exit debit card technology to the Douglas County, NV correctional facility beginning in early October.
Using General Payment Systems' debit cards effectively replaces the jails' need to write checks to released inmates. Eliminating checks greatly reduces the reconciliation and escheatment process while increasing fraud prevention.
"Our EZ Exit debit card technology continues to find use in more and more correctional facilities," stated Ron Hodge, CEO, General Payment Systems. "We are using this elegant, highly efficient technology both to gain traction in new markets such as Douglas County and to expand our relationships with existing kiosk accounts."
"EZ Exit is a testament to our team's ability to create and successfully introduce new solutions in the marketplace," Hodge added.
About General Payment Systems
General Payment Systems Inc. (dba EZ Card and Kiosk) is a technology company that provides government agencies with proprietary hardware (Kiosks) and cloud based software systems that automate the process of collecting payments from the general public (Cash, Debit and Credit). These systems deliver payment acceptance, real-time accounting and payment risk-mitigation services. The company distributes these technologies through direct sales, channel partners, and various licensed entities.
For more information visit www.ezcardandkiosk.com
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This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases "would be," "would allow," "intends to," "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance isn't necessarily indicative of its future performance. The Company doesn't undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
CONTACT: Investor Contact: Integrity Investor Relations www.IntegrityIR.com (702) 396-1000Source:General Payment Systems, Inc.