Nexxo Financial Corporation Partners With Epson to Provide Turnkey Solution for Servicing the Underbanked

  Nexxo Financial Corporation Partners With Epson to Provide Turnkey Solution
  for Servicing the Underbanked

Business Wire

BURLINGAME, Calif. -- June 18, 2013

Today Nexxo Financial Corporation, provider of turnkey alternative financial
services, announced it is partnering with Epson, a leader in value-added
financial solutions, to offer a turnkey solution for servicing the
underbanked. The Nexxo Desktop Money Station (DMS) incorporates Epson’s new
TM-S9000 multifunction teller device to provide a full spectrum of Everyday
Financial Services (EFS). Nexxo’s DMS solution is an easily deployed web
application that runs on existing network-enabled PCs and is designed to
minimize transaction times, streamline teller activities, reduce cash handling
and minimize fraud. Combined with Epson’s compact multifunction teller device,
Nexxo’s DMS allows banks, credit unions and retailers to offer services such
as check cashing, money orders, money transfers and bill payment – creating
new revenue streams for servicing the underbanked.

“Epson’s new offering really fit the bill for us,” said Craig McDonald, SVP
Sales and Business Development, Nexxo Financial Corporation. “From check and
ID imaging to thermal receipt printing, money orders and cashier’s checks –
it’s really a workhorse station in a compact footprint. It’s a good match for
our solution, and we’re optimistic about the revenues this will bring our
financial and retail customers.”

“Historically, the underbanked has been a hard to reach market segment,”
commented Tom Kettell, Senior Manager, Business Development for Epson
America’s Business Systems Division. “We’re looking forward to working
alongside Nexxo as this solution takes hold. It’s unique, and it can really be
a game changer for those looking to tap into this market.”

The Nexxo DMS Solution offers integrated delivery of all EFS (check cashing,
prepaid card registration, withdrawals and loads, money transfer, money order,
and bill payment) through one streamlined and intuitive teller interface.
Epson’s TM-S9000 delivers a multitude of teller station features in one small
footprint, from the industry's fastest check scanner to its best-in-class
thermal printer. The TM-S9000 scans checks at up to 200 dpm, includes a
100-check document feeder with an optional second pocket, features the highest
MICR accuracy in its class, up to 15 lines of endorsement printing, and
two-sided check imaging and ID scanning.

To find out more about Nexxo’s Desktop Money Station solution:
http://www.nexxofinancial.com/wp-content/uploads/2012/12/DMS-DataSheet1.pdf

To find out more about Epson’s TM-S9000 solution:
https://pos.epson.com/products/TM-S9000?ProductPK=661

To see a short video of Epson’s TM-S9000 solution:
http://www.youtube.com/watch?v=D5dMnkUHglU

About Nexxo

Founded in 2003, Nexxo Financial Corporation provides a turnkey, multi-channel
solution for the delivery of alternative financial services. Drawing upon
close to ten years of kiosk based self service delivery of money transfers,
check cashing, money orders, bill payment, prepaid card servicing and reloads,
and mobile top-ups, Nexxo’s technology offering has expanded to include
teller-facing and mobile applications as well as support for a growing list of
underlying providers and products. With integrated customer registration and
management, compliance, and pricing and promotions engines, Nexxo allows
retailers and financial institutions to quickly and cost effectively serve the
needs of this growing customer segment. For more information, visit
nexxofinancial.com.

Epson is a registered trademark of Seiko Epson Corporation. All other
trademarks and/or registered trademarks are property of their respective
owners.

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Contact:

Nexxo Financial Corporation
Adriana Eiriz, 650-685-3101
aeiriz@nexxofinancial.com