PayCashMobile Forms Strategic Alliance With Harborlight Technologies

January 23, 2005 (Boston) —PayCashMobile, Inc., a leading provider of secure electronic payment solutions, announced a partnership with Harborlight Technologies, LLC, a provider of advanced self-service solutions for performing financial transactions over telephone, Internet or wireless devices. This strategic alliance of PayCashMobile and Harborlight will enhance PayCashMobile's current PayCash NOW Visa® Debit Card program, serving low-income HUD and Government Section 8 housing recipients, by offering Harborlight's telephone and wireless based Interactive Voice Response (IVR) solutions.


The PayCash NOW™ Visa® Debit Card, issued by BankFirst, Member FDIC, is a reloadable prepaid Visa card that will serve as the vehicle to deliver the nationwide ATM debit card services for the program called the PayCash Rent Card Program. Harborlight will offer voice based telephone and wireless self-service solutions through its alliance with PayCashMobile, to approximately 16 million existing HUD and Section 8 recipients.


The PayCash NOW Visa Debit Card provides residents who may not qualify for credit or checking accounts, a flexible and secure cashless payment option. Recipients of the program who apply and qualify will be able to pay their rent and utilities without the use of a major credit card, a checking account or cash. Residents can present their PayCash NOW Visa Debit Card wherever Visa® debit cards or Interlink® Cards are accepted. Additionally, Harborlight's self-service IVR solutions further enhance PayCashMobile's existing program to manage debit card accounts, transfers and cashless payments over the phone or mobile device.


"PayCashMobile is pleased to help emerging and underserved consumers gain financial independence through the use of our PayCash prepaid Visa® card", stated Joe Barboza, President and CEO of PayCashMobile, "we are pleased to have Harborlight participate in this opportunity and to use their IVR technology with our PayCash Rent Card Program with HUD."


"Harborlight's interactive voice response solutions offer another option for program participants to access their PayCash NOW Visa® Debit Card account information when using the phone or a wireless device," stated David McGillivray, President and co-founder of Harborlight. "We look forward to working with PayCashMobile to enhance the self-service capabilities of their PayCash Rent Card Program."