MonetaExpress Selects PayCashMobile as Mobile Payment Technology Provider
Marlborough, MA — June 20, 2007 — PayCashMobile, Inc., a leading provider of secure electronic payment solutions, announced today that they have entered into an agreement with Moneta Express Corp., a leader in international remittances processing and services, to provide mobile online financial services using PayCashMobile’s PayCash Mobile™ technology.
The agreement between PayCashMobile and MonetaExpress will allow MonetaExpress customers to use their cell phones to transfer money between the USA and the countries of the former USSR, Eastern Europe, Israel using its secure patented technology. PayCashMobile’s easy-to-use menu and options will give consumers the ability to process real-time payments in seconds and receive immediate notification when the recipient has successfully received the funds.
"Our company has always strived to bring the best and newest technology to our customers. Because of our low transaction fees, consumers in the U.S. can now use their cell phones to send and receive money from friends and relatives in over 40 countries" said Andrei Zverev, President of MonetaExpress.
MonetaExpress transactions are protected by user PIN. The payment solution does not require complicated downloading and works with any Internet-enabled mobile device. MonetaExpress is the first electronic money transfer system of its kind. Utilizing PayCash technology, the combination of the two technologies provides the most secure information transmission available and in accordance with the regulations and the licenses of both the United States and CIS. All remittances are paid by the banks, their branches and retail establishments in the PayCash Network
PayCash, with its enhanced patented digital security, authentication and processing features is designed to be highly secure and highly scalable with the ability to integrate cash-based, credit, debit, stored value cards and bank accounts for funding of all types of mobile payments and transactions. PayCash Mobile, backed by PayCash’s inherent 1024 bit encryption, also provide MonetaExpress customers access to bill payments, mobile shopping, recurring payments, real-time balance inquiry, and person to person transfers with instant mobile messaging confirmation on all local and international transactions.
PayCashMobile’s President Joe Barboza said, "We’re excited to bring PayCash payment technology to MonetaExpress and their consumers who rely upon complete security when initiating international financial transactions with their cell phones".