VALID Systems Announces a Revolution in Check Cashing for C-Stores

Business Wire, July 28, 2009

“Plug ‘N Play” AIO350 Delivers Full-Strength Flexibility in a Compact, Affordable Package

FORT WORTH, Texas -- VALID Systems announced this morning that it has begun taking orders on the newest addition to its innovative product line. The AIO350 has been designed to meet the needs of the convenience store and retail sectors, with the ease of use, low cost and small footprint stores need to offer check cashing services successfully. Customers ordering now will have units delivered and operational the first week of September.

Combining a check scanner with a VeriFone VX570 terminal loaded with VALID’s patented technology, the AIO350 offers unparalleled flexibility. Options include VALID’s guarantee or non-guarantee risk management programs, Check 21 or non-Check 21, and cash drawer, ATM and card load payout options – all with ten minute installation and training. A truly plug and play solution, the AIO350 has the smallest footprint in VALID’s entire product line. Like all VALID products, it offers both initial and repeat transaction times of approximately sixty seconds.

Said John Templer, Jr., VALID’s CEO: “This is the product convenience stores have been asking for. It’s small, low cost, easy to use, fast and safe. Any operator -- large or small -- can easily manage this program. C-Stores have long known the benefits of having more customers in their stores with money to spend while collecting transaction-based revenue. I have been in this space for twenty-two years. The math has always worked but until now, the products didn’t. The AIO350 changes all that.”

To learn more about the AIO350 and VALID’s complete line of check cashing and verification solutions, contact Steve Dawe, VALID’s Senior Vice President and National Sales Manager at 817.921.5626, x120 / sdawe@validadvantage.com, or visit http://www.validadvantage.com.

About VALID Systems:

Headquartered in Fort Worth, Texas, VALID Systems offers America’s leading automated check cashing and verification solutions. Its products are deployed coast-to-coast; its customers include top banks, financial services companies and retailers. Local and regional businesses also appreciate VALID’s fast, flexible, low-cost approach to better attracting and serving new and underbanked consumers.

VALID’s internet-based decisioning and identification system – the most advanced on the market today – is utilized across its product line. Platforms include its original PC-based application, all-in-one terminals, and VALID-enabled ATMs. With its ease of installation and use, low start-up and operational costs, and unparalleled customization capability, fraud prevention and customer satisfaction, VALID offers today’s best way to safely and profitably say yes to more customers every day. For more on VALID, visit http://www.validadvantage.com.