IRVINE, Calif., Sept. 30, 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 has now developed and is ready to deploy a software and hardware system upgrade that will for the first time allow for its government agency clients to automate the collection of payments by check and to dispense change on cash transactions through the kiosks on location. The new technology has been integrated with the services of a top five bank and provides the flexibility to work with all bank partners as required by our clients.
The platform has been in live beta for the past six weeks and is now proven and ready to be deployed at other facilities.
"This is a truly transformative system upgrade for General Payment Systems," stated Ronald Hodge, CEO, General Payment Systems, Inc. "Acceptance of checks will be a tremendous technology asset for our governmental partners as they increase ways in which they can accept fee generating payments."
"This upgrade is also a testament to our integration abilities and our ability to develop custom solutions to solve real problems for government entities," added Hodge. "We are establishing General Payment Systems as a diverse provider of efficiency and accountability. And it goes without saying that if a GPSI kiosk is handling these cash events, these agencies can now have their highly specialized staff focus on other more meaningful duties at the facility."
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.