WebRaiser and Storm Deliver Self-Service Financial Services to the Address the Needs of the $100 Billion 'Unbanked' Market.SACRAMENTO, Calif. -- WebRaiser Technologies, the leader in software for the self-service economy, announced an innovative self-service solution for cash-based financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . Developed in partnership with Storm Solutions of Fairview, Texas, the CashStorm kiosk addresses the large and growing market of "unbanked" households across the US. "Unbanked" means a household that does not have deposit accounts with any regular financial institution and who primarily operate on a cash payment basis for goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. . The two companies worked together to produce a network of self-service cash payment stations that brings to retailers, Non-Bank Financial Institutions (NFBI's) and their consumers a fully automated, multilingual solution. The National Retail Federation has estimated that Americans (citizens and illegal immigrants illegal immigrant n. an alien (non-citizen) who has entered the United States without government permission or stayed beyond the termination date of a visa. (See: alien) ) spend more than $100 billion annually on a prepaid, cash basis. These unbanked Americans use cash for retail purchases, phone services and financial transactions (bill payment, check cashing and money transfers). That figure is expected to double to more than $200 billion by 2010. Both products were created using WebRaiser's award-winning VendiSoft enterprise software platform which is setting the standard for speed-to-market and application scalability. "We have been in this market with other self-service solutions," said Ross Kelly, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Storm. "We made the move to WebRaiser's VendiSoft Enterprise platform because it is dramatically faster and more scalable than the software we used to use." "The growth of the cash-based economy is driving the kind of innovative solutions that we have built with Storm," said Gary De Blaquiere, Vice President Business Development of WebRaiser Technologies. "Through our partnership with Storm, in addition to retrofitting old units with VendiSoft-based software, we have new pilots in process that could lead to a network of hundreds of stations. We are proud to have Storm using our VendiSoft platform and as a sales partner." The CashStorm solution is a finalist for the 2006 KioskCom Excellence Award for "Best Kiosk Deployment in Financial Services Environment." The award winners will be announced during the 10th annual KioskCom Show in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. on April 10th-11th. About WebRaiser WebRaiser Technologies, Inc. makes self-service simple. Through its award-winning VendiSoft(TM) development platform, VendiStore(TM) kiosk applications and Method8(TM) business process, WebRaiser enables self-service success. Founded in 1997, WebRaiser has helped more than 200 companies reduce costs and increase revenue. Customers include AmeriGas AT&T, Red Lobster, Sutter Health Sutter Health is a hospital network in Northern California based in Sacramento, California. External links
Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. . For more information, go to: http://www.webraiser.com. About Storm Solutions Storm Solutions, L.P. (Storm), based in Fairview, Texas, provides products and services to the retail industry and non-bank financial institutions (NFBI NFBI Noise Figure/Bandwidth Indicator ) to address 1) The Unprecedented Growth of the Cash Based Economy; 2) Convenience Stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , Check Cashing and Discount Markets emerging as the shopping and financial transaction hubs of the Cash Based Economy, and, 3) Retailers and Financial Centers Migrating Product and Services from Over-the-Counter to Automated Transactions. Visit Storm on the web at: http://storm-solutions.net. |
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