General Payment Systems Signs Largest Alternative Payment Account in Company History With Riverside County, CA Agreement
November 15 2013 - 8:00AM
General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a
payment processing technology company that specializes in the $500
billion government payment space, is pleased to announce that the
Company has signed its largest alternative payment account through
an expanded agreement with Riverside Superior Court, CA.
After winning the RFP (Request for Proposal) to provide kiosk
payment services in Riverside, General Payment Systems was asked to
demonstrate its capabilities through a beta test in Riverside's
Moreno Valley location. Following the completion of the successful
beta, General Payment Systems has now expanded to three additional
installations, with kiosks deployed at Larsen, Hemet and Southwest
Superior Court locations.
The agreement also calls for the installation of kiosks at three
more court locations in Riverside.
General Payment Systems' kiosks in Riverside have been
customized to accept cash and checks as payment for traffic
tickets. The newly developed software/kiosk can also dispense cash
to the customer for change providing yet another way the Company's
leading edge technology can help alleviate frustrating lines at the
windows and reduce labor costs.
"Our agreement with Riverside sets the stage for the largest
alternative payment account in Company history," stated Ron Hodge,
CEO, General Payment Systems. "And it gives us further traction in
California where winning RFP's and accounts can increase the
likelihood of future penetration. Ultimately, we expect Riverside
and all its locations to be a critical source of revenue and market
leverage."
The introduction of General Payment Systems' technology in
Riverside was recently covered in The Press-Enterprise, the area's
leading newspaper. Click here to view: http://bit.ly/1cpAOY8
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.
About CSRA Probation Services, Inc./Georgia Corrections
Corporation
The company has demonstrated a standard of excellence in the
field of court services. We are uniquely qualified to provide a
wide array of community supervision options to local courts,
counties, and cities. Our services are generally offender funded
which results in no cost to the courts or the taxpayers. We provide
services that result in significant savings to the cities,
counties, and courts that we serve. Our services, from managing a
hands-on supervision program to assisting with administrative
support, provide a direct benefit to the court, the offender, and
the community. csraprobation.com
For more information visit www.ezcardandkiosk.com
To receive future updates regarding General Payment
Systems please send a request to
info@integrityir.com
Forward-Looking Statements
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
kurt@integrityir.com
www.IntegrityIR.com
(702) 396-1000