Boca Raton, Florida and Beverly Hills, California (PRWEB) August 27, 2014
Payteller, a leading provider of self service kiosks for financial transactions, announced today that they have closed on a $25 million equity investment from ISS Management LLC. “We are pleased to have ISS Management join our team,” said Jeff Foster, CEO of Payteller. “We will use the funds to continue our growth into the self service sector of financial services. With the best kiosk in the market and sufficient capital on hand, we are now marshaling our resources to steer Payteller through this next growth phase and satisfy ever-growing market demand.”
Founded in 2012, Payteller developed the FSK (Financial Services Kiosk) and the PSK (Payment Services Kiosk), self service machines offering prepaid cellular phone top-up, international long distance, bill payment services, sim cards, gift cards and coupons. Development is ongoing to add money transfer, prepaid card load, instant prepaid card issuance, targeted advertising, and more. The Payteller® uses industry leading components for reliability, are remotely monitored and controlled to reduce downtime and service costs, and are modular to offer extreme flexibility.
Payteller recently launched their SSK (Secure Services Kiosk), a unit programmed for the specific needs of medicinal and recreational marijuana dispensaries. The SSK provides dispensary owners with customer registration and authentication, cash collection and management, and integrates with a number of point of sale systems and devices for end-to-end cash management that will meet or exceed all federal and state banking requirements as well as current FinCen and FDIC guidance.
Payteller kiosks provide secure and effective financial services solutions by reducing transaction time and cost while maximizing revenue, profit and loyalty. Payteller kiosks are built on a flexible architecture that allows rapid development and deployment of unique solutions, such as industry specific compliance requirements.