Greenland Corporation announced that B.E.S.T., Inc., a leading national check cashing point-of-sale systems and services provider has agreed to be the first third-party check cashing software company to develop an interface to Check Central Solutions, Greenland’s recently released automated check cashing transactions processing system.
T.A. “Kip” Hyde, Jr., President and CEO of Greenland stated, “Independent check cashing businesses have asked for a stand-alone, turnkey solution that can be easily installed into their stores. B.E.S.T., Inc. has sold and installed over 4,000 POS systems to check cashing services providers across the country and worldwide. Establishing this first reseller and software development relationship with B.E.S.T. represents the completion of another major milestone in Greenland’s ability and plan to satisfy this market demand.”
The Check Central Solutions product is designed so that financial services providers of any size, from one store to hundreds, can integrate Greenland’s MAXcash(TM) Automated Banking Machine(TM) (ABM(TM)) kiosk seamlessly into their current operations. The back-office check approval system can be used locally in each store, or, large check cashing operators can install a network solution connected to a central processing center, with either product type linked to the B.E.S.T. POS system and the operator’s proprietary customer database.
“B.E.S.T. is a well recognized technology and market leader, and its customers stand to benefit enormously from this strategic alliance. With a turnkey single store package, including an ABM and PC-based teller system that they control, now available as a low-cost entry into the market, store operators can generate new sales and peak-customer-load management savings virtually immediately, while remaining competitive to emerging off-site providers,” continued Hyde.
Masis Sarkisian, President of B.E.S.T., Inc. added, “The direction in self-service check cashing that Greenland is presenting to the industry fits squarely with our business objectives of providing the very best in products and services to our thousands of customers. Combined with the technologies that B.E.S.T. has recently developed and released in card-based payment processing and wire transfer services, this relationship represents an unsurpassed transactions revenue opportunity for our financial services customers.”
Mr. Sarkisian added, “Our review of Greenland’s Check Central Solutions system and MAXcash ABM kiosks, indicated that they represent an excellent value and new revenue opportunity for our customers. We look forward to providing several new fully integrated self-service software and systems products and services for our customers in this turnkey environment.”
Hyde concluded, “We are very pleased to form this initial strategic technology and business relationship with B.E.S.T. to become the premier self-service solutions provider to B.E.S.T.’s large established customer base. The related revenue potential makes this an outstanding opportunity for our shareholders to realize significant long-term value from the Check Central technologies. The future for the check cashing industry is here, and we are pleased to work with the B.E.S.T. team to provide the ‘best’ solutions.”
About Greenland Corporation
Greenland Corporation is a holding company whose wholly owned subsidiary, Check Central, is the developer and manufacturer of the MAXcash(TM) Automated Banking Machine(TM) (ABM(TM)) and related Check Central Solutions(TM) transaction processing systems software designed to provide self-service check cashing, ATM functionality, phone card and money order dispensing, as well as the capability for additional future products and services. The Company’s common stock trades on the OTC Bulletin Board under the symbol “GLCP.” Visit Greenland Corporation on the Internet at .
About B.E.S.T., Inc.
With over 4,000 clients worldwide, B.E.S.T. is a leading national check cashing solutions provider, providing PC-based software systems to the financial services industry since 1982. As an essential services provider, B.E.S.T. is well recognized in the check cashing industry for introducing new payment technologies, and developing innovative financial services solutions. B.E.S.T. is a privately held, Chicago, Illinois-based company.Details