Cyphermint Launches PayCash Mobile

PayCash Mobile enables consumers to use their mobile phone to securely process payments, purchase and receive content such as ringtones, music, video, coupons, ticketing and participate in customer loyalty programs. This technology was demonstrated at the CTIA Wireless Show to securely process, in real-time, several retail-type applications.

When linked to Cyphermint's stored value card and the PayCash Wallet, PayCash Mobile offers the consumer a variety of flexible methods to process their financial transactions. They can extract cash at ATM terminals, pay at POS devices, shop on the Internet or at traditional brick and mortar retail locations. PayCash Mobile offers both banked and unbanked consumers a secure and reliable method of conducting a variety of transactions such as paying bills, purchasing goods and services, even instantly purchasing more cell phone minutes.

Positioned in the market as an innovative technological and financial solution provider, PayCash Mobile allows the consumer to conveniently conduct commerce and to securely and effectively process these transactions in real-time from any wireless device worldwide.

"Cyphermint has been developing PayCash Mobile for over two years and because it is based on our highly secure and scalable PayCash technology, we're able to bring this payment technology to cell phone users with complete security," said Joe Barboza, President and CEO of Cyphermint.

"The concept of cellular financial transactions is just now being looked at by other cellular, payment and eCommerce companies, but Cyphermint continues to lead the market by launching PayCash Mobile for the pre-paid wireless markets, bringing carriers, consumers and merchants together."

For more information contact Frank DeCaro, VP of Business Development at 508-787-4818 or visit PayCash Mobile at www.paycashmobile.com.