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October 2, 2006

Cyphermint, MoneyGram align partnership

Cyphermint, Inc., a developer of eletronic payment software, will partner with MoneyGram, a Minnesota-based provider of money transfer services. 

The partnership will allow Cyhpermint customers to use the MoneyGram network, a distribution chain with thousands of US locations.  User of Cyphermint's PayCash NOW Visa Debit Cards can load cash on the cards at all of MoneyGram's 89,000 money transfer locations. 

The collaboration  aims also to assist HUD recipients enrolled in the PayCash Rent program with more access points for loading cash onto their cards.  PayCash Rent was created for government housing residents to offer convenient ways to pay rent, utilities, and other bills.

 

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