Tranax Unveils Self-Service Check CashingTerminal

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FREMONT, Calif. - (05/24/05) -- Tranax Technologies Inc. said it haspartnered with Financial Payments LP to create a self-service checkcashing solution with ATM functionality. The self-service CheckCashing SST terminal allows consumers to cash any kind of check,not just government or payroll checks, and offers accountenrollment, account debit card issuance and real-time checkverification and approval, eliminating the need for any clerkinteraction. The terminal also offers retail ATM functionality. Theterminal is currently being beta-tested and is expected to beavailable commercially at the end of the second quarter.

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