SOURCE: Nexxo Financial

Nexxo Financial

October 02, 2012 09:07 ET

Nexxo Financial Corporation Leads the Alternative Financial Services Revolution With Expanded Technology Solution

Nexxo's Unveiling of the Sought-After Desktop Money Station at the FISCA Conference Kicks Off a New Era of Customer Service for the Underbanked

BURLINGAME, CA--(Marketwire - Oct 2, 2012) - Next week's annual Financial Service Centers of America (FISCA) Conference & Exposition in Chicago will see the debut of the latest in Nexxo Financial Corporation's highly-valued suite of technology products -- one that financial service providers have been queuing up for. Banks, credit unions, and retailers have already seen the value in Nexxo's kiosks, on which consumers can manage multiple transactions from one user-friendly screen. Now, with the Desktop Money Station (DMS), which runs on the same popular Everyday Financial Services Platform (EFS) as the kiosks, financial service providers striving to meet the growing needs of the underbanked finally have their answer.

The DMS is a turn-key solution that supports over the counter transactions at customer service booths or branches wherever agents or tellers assist consumers. Like Nexxo's kiosks, the DMS provides the full set of services that consumers have come to expect: check-cashing, money orders, money transfer, bill payment, GPR card loads and withdrawal, and phone top-ups.

"As FISCA meets to discuss how to thrive in this challenging financial climate, we're introducing a truly unique solution, one that was designed entirely from the customers' perspective," said Nexxo CEO and co-founder David Alvarez.

"Whether they're transacting over the counter or accessing our kiosks, consumers appreciate how quickly and conveniently they can complete their transactions. And for the first time, financial institutions can build relationships with these consumers because our technology remembers them and their transaction history," added Alvarez.

With more than one in four U.S. households either unbanked or underbanked and this population expanding beyond the low-income segment, according to a recent FDIC survey*, the time has never been better for a new tool to serve this market. And now that Nexxo has completed its testing of the DMS -- and has demonstrated its success to individual companies -- it is unveiling the product publicly at the FISCA Conference. Financial service providers who haven't yet heard about the DMS will be impressed: it is the only solution that is an easily-deployed Web application, complete with accounting, compliance and other transaction-handling policies.

The Financial Service Centers of America (FISCA) Annual Conference & Exposition will take place in Chicago, October 5th - 7th. Nexxo's booth number is 1017.

* The 2011 FDIC National Survey of Unbanked and Underbanked Households was released in September, 2012.

About Nexxo
Founded in 2003, Nexxo is the leader in self-serve financial solutions. Its Everyday Financial Services Platform (EFS) offers a unified, customer-centric solution that seamlessly handles multiple products (check cashing, money transfer, bill pay, money orders, prepaid card servicing, and phone minute top-ups) and multiple channels (self-serve kiosk, teller-assisted desktop, and via mobile phone). With more than four million transactions and $1 billion processed, Nexxo's technology has been proven at hundreds of field locations. Nexxo offers its turn-key financial solutions and service applications to an expanding network of retail partners, domestic and international banks, and financial service providers. For more information, visit

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