Press Release Source: Universal Express, Inc.
Universal Express Announces Agreement with Transaction Management, LLC
Monday June 7, 9:24 am ET
Innovative New Bill Payment Services Platform to be offered through Universal Post Division
NEW YORK--(BUSINESS WIRE)--June 7, 2004--Universal Express, Inc. (OTCBB:USXP - News), The electronic age has been bridged by a new electronic bill payment service now offered through Universal Post, a division of Universal Express, and is being offered throughout their association member stores, nationwide. The service developed and marketed for Security Bank, Ralls, TX is EmpaSys' "Pay All Bills Here" and provides "one-stop" convenience for anyone needing to pay any bill.
An estimated 25 million U.S. wage earners who operate without checking accounts represent a market in need of a solution. Now, a bill payer can take that bill or statement to a participating store, become an established "Pay All Bills Here" customer and pay any bill. The entire process is completed at one convenient location. The "Pay All Bills Here" system is a nationwide, Internet based solution. "Pay All Bills Here" facilitates the transfer of funds from a cash-paying customer to a biller or creditor conveniently and securely. The system utilizes relationships with thousands of commercial billers in various industries that have agreed to accept payments electronically.
"We are pleased to be able to now offer those customers without bank accounts a convenient bill payment alternative while further increasing our products and services to our association of private postal stores," said Richard A. Altomare, President & CEO of Universal Express, Inc.
"Working with Universal Express is an exiting proposition for us. It will extend Transaction Management's mission of providing those without checking accounts access to secure and dependable financial solutions." said Ron Phillips, Transaction Management co-founder and President.
About Transaction Management, LLC - Founded in February 2003, the entire team at TMLLC operates with nearly sixty years of combined experience in the technology and electronic payments industries. EmpaSys "Pay All Bills Here", developed by and marketed for Security Bank, Ralls, Texas has become the industry's choice for collecting electronic bill payments. At present, TMLLC markets services through its channel partners and referral agents for electronic commercial banking and bill payment solutions. These services, along with the many other electronic payment processes that the company provides, enhance merchant's ability to increase their walk-in traffic, increase their revenues, and accept payments anytime, anywhere and in any fashion. On the Net: Transaction Management's site:
http://www.transactionmgmt.com/
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