IRVINE, Calif., Oct. 10, 2013 (GLOBE NEWSWIRE) -- 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 launched its EZ Alternative Payments (EZAP) platform for Archonix accounts beginning with the Lynchburg, VA correctional facility.
Channel partner Archonix is a leading provider of Jail Management Software (JMS) with an installation base of more than one hundred (100) facilities across sixteen (16) states. Archonix continues to market General Payment Systems, Inc.'s payment processing technologies to their existing customer base. The EZAP platform will now allow for acceptance of a broader range of municipal payments at these installations going forward including utility bills, parking tickets, court fees, and more. The roll-out has begun with the Lynchburg, VA correctional facility.
"Our new software integration with our valued partner Archonix has allowed us to launch the County Jail facility at Lynchburg, VA with great success," stated Ronald Hodge, CEO, General Payment Systems. "This significant expansion of services will allow us to accept a multitude of payments beyond our core revenue generators. It is most significant that we introduce this added efficacy to the Archonix universe of accounts which have been tremendously important for General Payment Systems."
"The Company continues its efficient migration into the much broader opportunities of municipal payments," added Hodge. "EZAP is an important part of this ascension."
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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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.
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