Fidelity XPressPay Pilot of Cyphermint’s Mobile Solution Deemed Successful
Sulphur Springs, Texas October 15, 2007— Fidelity Express, a leading provider of secure electronic walk-in bill payment processing, announced today that Fidelity’s internal tests of Cyphermint’s mobile solution linked to Fidelity’s “XPressPay” was successful.
Fidelity’s XPressPay Mobile will enable consumers to pay bills using their cell phones or other mobile devices. The beta pilot was tested by Fidelity employees for a period of 60 days. The test determined usability, acceptance and convenience prior to launching to Fidelity customers and the general public.
By registering to use this easy mobile solution, Fidelity’s XPressPay Mobile customers 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’s XPressPay Mobile, 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 may be expanded to include direct deposit, credit card and ACH transfer loading.
Fidelity’s XPressPay Mobile 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,” With more than 2 billion mobile phone users worldwide who already browse the Internet, check their email, download games and music, the next logical step is to shop and pay for goods and services on their cell phones.”
“Since mobile phones are now more widely used than the Internet, it is logical that bill payments and other financial functions will be sought by subscribers. Our solution offers time sensitive consumers a convenient, secure way to pay bills and transfer funds directly from their mobile phone, with or without a bank account,” said Pat Odom, Fidelity Express Division Manager.
For more information contact Dennis Bache, Director of Sales, at 508-787-4850 or by email at sales@cyphermint.com or visit PayCash Mobile at www.paycashmobile.com
For more information on Cyphermint or PayCash Mobile, contact Joe Barboza, at 508-787-4810 or by email at jbarboza@cyphermint.com or visit PayCash Mobile at www.paycashmobile.com.
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.
