Source Technologies Brings In-Store Credit Application Kiosks to Market

- Charlotte-based kiosk vendor combines retail savvy with financial services expertise -

Charlotte, NC., May 25, 2005Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, announced the availability of concourse™ Credit App, a kiosk software application for in-store credit enrollment and customer account management.

Available on both the concourse 3-Series and 5-Series kiosk platforms, concourse Credit App lets consumers apply for private label or co-branded retailer credit cards and manage their accounts. The kiosks dispense new-account credit cards and accept in-person payments – all in a sleek and engaging, retail-branded kiosk designed for efficiency and easy of use. Optional built-in, multi-media LCD screens will deliver marketing and promotional messages. "Our financial clients tell us the 7-Series offers the most functionality in servicing and replenishing," said Bill Lynch, vice president of Self-Service Solutions. "The 7-Series Kiosk is our most robust kiosk configuration to date with the most options for expanding services in the future. We've designed the kiosk with an eye on growing payment trends including contactless payments using RFID and biometric authentication via a fingerprint scanner."

"Today, when a customer wants to apply for credit in order to make a purchase, that customer typically handwrites an application, which a service representative in turn manually enters into the store’s computer system,” said Miles Busby, President, Source Technologies. “concourse Credit App dramatically reduces the time and effort it takes to process applications, virtually eliminates the potential for human error and streamlines the entire retail credit process.”

About Source Technologies
Founded in 1986, Charlotte, N.C.-based Source Technologies is a leading provider of integrated solutions for managing financial transactions and other secure business processes. In addition to the concourse™ family of self-service kiosks, Source Technologies offers secure disbursement software solutions and magnetic ink character recognition (MICR) printing solutions and consumables for secure document applications. Customers include nine of the top ten U.S. Banks, plus hundreds of Fortune 1000 and mid-sized companies. Source Technologies has created more than $400 million in economic value for its customers in the last ten years. For more information, visit www.sourcetech.com.