April 21, 2008

Press release - Infonox and Kiosk*PASS(TM)

Press release - Kiosk*PASS(TM) from Infonox Reduces Operational Cost and Increases Fee-Based Revenue from Self-Service Kiosks

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SUNNYVALE, Calif., April 15, 2008 /PRNewswire via COMTEX/ -- Kiosk*PASS(TM: 103.61, +2.06, +2.02%) is the industry's most comprehensive plug-and-play platform solution that offers the flexibility, scale and manageability required to operate enterprise class self-service networks. Unlike ATM's, which are primarily cash dispensers, kiosks can provide an entire portfolio of products and services that can be tied together and branded by operators, enabling them to attract new customers and give them a reason to come back month after month.

In a market where ATM transaction volumes are declining rapidly, Kiosk*PASS(TM: 103.61, +2.06, +2.02%) adds instant value. First, any compatible ATM can be upgraded via software to deliver additional services. Secondly, a wide array of payment applications have been made available for deriving new fee-based revenue. The payment applications include POS Debit, ATM, payroll check cashing, money transfer, money orders, bill payment, the issuance of prepaid cards and remote deposit capture. To enable these services, Infonox has built a robust eco-system of partnerships that include channel partners, payment processors, field service vendors, Kiosk integrators and others.

"Kiosk*PASS(TM: 103.61, +2.06, +2.02%) is a paradigm shift and an inflection point in the evolution of self service delivery systems. It is the culmination of the learning and experience you get after serving over 50 million customers with 500 million financial transactions, while processing over $20 Billion and handling over 10 Billion monitoring events," said Safwan Shah the President & CEO of Infonox.

Ashim Banerjee, EVP Product Strategy said, "Infonox is uniquely positioned in the market because we took a platform approach and invested in establishing direct connections with many of the largest service providers in the industry, allowing our Clients to choose the mix of services and products that best fit their self-service strategy. Our Clients are able to deploy a solution much more quickly than with traditional technologies, providing a faster return on investment. And, most importantly, our Client's quickly realize that multi-function kiosks provide very high gross revenue per square foot while significantly increasing foot traffic."

Infonox has kept the Kiosk*PASS(TM: 103.61, +2.06, +2.02%) Delivery Model a simple 4 step

-- Connect -- Any compatible self service device
-- Access -- A wide range of Infonox services
-- Serve -- Any type of financial transaction
-- Operate, Manage, Monitor, Support -- On-Demand

Infonox has successfully deployed the Kiosk*PASS(TM: 103.61, +2.06, +2.02%) platform with a number of large Clients in the convenience, mobile and banking industries thus far, demonstrating the broad interest in a turn-key platform solution. In addition, Infonox was recently highlighted in a study done by Aberdeen Group on critical components of a successful kiosk deployment.

About Infonox

Infonox is the market and technology leader in delivering financial products and services to new and innovative distribution channels, including self-service kiosks, ATM's, PC's and POS terminals, the web and mobile phones. The Infonox TransIT(TM: 103.61, +2.06, +2.02%) network provides on-demand access to a wide array of payment applications, including check cashing, money transfer, bill pay, ATM/POS, credit/debit and check processing, prepaid, gift cards and more. The Infonox TranSending(TM: 103.61, +2.06, +2.02%) platform provides businesses with complete sales force automation, underwriting, automated boarding, risk management, compliance management and customer service capabilities. Infonox offers its services in a SaaS model, allowing clients to maximize their return on investment and realize the fastest time to market. Infonox serves major banks, processors, acquirers, retailers and service aggregators. Please visit http://www.infonox.com for more information.

For additional information on Infonox:

Safwan Shah
Infonox, Inc.
980 Hamlin Court
Sunnyvale CA 94089
Tel: (408) 744 1700 Ext. 224
Fax: (408) 744 0607

[email protected]

SOURCE Infonox, Inc.


Posted by staff at April 21, 2008 10:08 AM