Last $0.31 USD
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general payment systems inc (GPSI) Snapshot

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52 Week High
06/5/13 - $2.30
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12/27/13 - $0.15
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general payment systems inc (GPSI) Details

General Payment Systems, Inc., doing business as, EZ Card & Kiosk, provides kiosk and Internet payment services. It offers debit card products as a suite solution for the creation and management of cashless jail technology. The company provides a cashless solution to the jail market for the booking process, collecting and depositing cash, and credit card money load funds into the inmate's trust account, as well as accepting and handling the funds related to the bail process, and then refunding the inmate's trust account balance at the time of their release by issuing a debit card. It also offers cashless solutions for the myriad of alternative payments and reporting requirements of government agencies and private sector companies. In addition, the company, through its wholly owned subsidiary, General Payment Systems, Inc., provides financial transaction and alternative payment solutions to the courts, probation, municipal police, healthcare, child support, educational, and public utilities markets in the United States. The company was formerly known as Continental Prison Systems, Inc. and changed its name to General Payment Systems, Inc. in September 2013. General Payment Systems, Inc. is based in Las Vegas, Nevada.

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general payment systems inc (GPSI) Key Developments

General Payment Systems Renews Longest Standing Account in Pueblo County

General Payment Systems, Inc. announced that the Company has renewed its agreement to provide kiosk-based transactional services to Pueblo County, CO for another three years. The Pueblo County Jail is General Payment Systems' longest standing account, having been installed over five years ago. Additionally, Pueblo County's RFP (Request for Proposal) also included other county payments beyond the scope of the initial services provided.

General Payment Systems, Inc. Signs Agreement with Kern County, CA to Deploy Kiosks

General Payment Systems, Inc. announced that the company has signed Kern County, CA to an agreement which will result in the installation of the company's kiosks in courthouses throughout Kern County.

General Payment Systems, Inc. Launches New Technology Called SAFE

General Payment Systems, Inc. announced that the company will license a new technology called SAFE (Secure Automation of Financial Events) for use in the private sector marketplace. The company is currently in discussions with various commercial licensees that wish to deploy SAFE in various markets. With the introduction of SAFE, the company's proprietary technology, which is currently deployed in over fifty government agencies and municipal jurisdictions nationally, has been adapted to provide transactional support, accounting, age and identity verification, and reporting for a wide variety of commercial applications. SAFE allows for a variety of commercial enterprises to automate their on-site payments, deploy proprietary work flow and reduce transactional risk and fraud. Potential markets include collection of donations by charities and churches, collections of patient payments by hospitals, food and beverage purchases at sporting events and concerts, layaway payments at department stores and prepaid tabs at hospitality locations that serve wine and spirits where cash loss from the consumer to the cash register has been a historic concern. Additionally, tobacco sale locations that have suffered similar deficiencies can also be serviced while using real-time tools to verify age or identity as appropriate. SAFE can also deliver unparalleled "Safety and Soundness" for transactions that require an additional layer of identity verification, transactional awareness or payment automation when compared to traditional POS (Point of Sale) systems. Importantly, for retail industries that are compelled to report to the State for taxation and other regulatory purposes, SAFE can be configured to provide necessary accounting and other pertinent data to the State or other agency, thus reducing the risk of fines, penalties, and suspensions.


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