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General Payment Systems, Inc (GPSI)

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General Payment Systems, Inc (GPSI)

Part A General Company Information
Item I The exact name of the issuer and its predecessor (if any).
New Name: Continental Prison Systems, Inc. (CPSI)
Predecessor: Pacific Financial Solutions, Inc.
Item II The address of the issuer's principal executive offices.
1330 S. Ham Lane, Suite 103
Lodi, CA 95242
(i) 209-339-4413/209-339-0426 fax
(iii) Ronald Hodge; 559-260-7400;; 4568 N. Palm St.
Fresno, CA 93704  

Headquarters: Irvine

Founded: 2008

Formerly known as: Continental Prison Systems, Inc

Symbol: GPSI

CEO: Ron Hodge

Employees: 25 claimed, actually unknown

Business: kiosks


Authorized  100 million a/o 09/03/2013    Outstanding shares as of 09/03/2013      10,871,741
      Float  - Unknown      
Outstanding - Unknown


General Payment Systems Signs Agreement With Kern County, CA to Deploy Kiosks Throughout Seven County Courthouses
IRVINE, Calif., Nov 26, 2013 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company has signed Kern County, CA to an agreement which will result in the installation of the Company's kiosks in courthouses throughout Kern County.

On the heels of the Company's previous successes in California municipalities including Riverside County, General Payment Systems will deploy its full suite of kiosk services at each of the seven locations in Kern County, servicing a population in excess of 850,000 people.

"This is a tremendous accomplishment for our Company, to further expand in California and to add seven locations via one contract," stated General Payment Systems CEO, Ron Hodge. "We had hoped after landing Riverside that more California locations would follow. Now, we have indeed secured a very large account and one which utilizes all our services."

"It is inarguable that we are growing rapidly in our desired markets and building a reputation galvanized by the successes of our customers," added Hodge. "Each of these locations, each of these kiosks is simultaneously driving revenue, market share, and brand equity."

General Payment Systems to Launch and License SAFE (Secure Automation of Financial Events), a New Technology for Commercial Markets
IRVINE, Calif., Nov 19, 2013 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company will license a new technology called SAFE (Secure Automation of Financial Events) for use in the private sector marketplace. The Company is currently in discussions with various commercial licensees that wish to deploy SAFE in various markets.

With the introduction of SAFE, the Company's proprietary technology, which is currently deployed in over fifty government agencies and municipal jurisdictions nationally, has been adapted to provide transactional support, accounting, age and identity verification, and reporting for a wide variety of commercial applications.

"We have been repeatedly asked to provide a version of our battle-proven government agency software for environments where cash handling creates abundant risk issues," stated General Payment Systems CEO, Ron Hodge. "We now have created an industry agnostic, commercial transaction system that can be modified for a wide variety of verticals. With our focus on our core market of municipal payments and payment automation for government agencies, our Board of Directors and management believe that the opportunity to service the vast and diversified commercial industry is executed best through a licensing model."

SAFE allows for a variety of commercial enterprises to automate their on-site payments, deploy proprietary work flow and reduce transactional risk and fraud. Potential markets include collection of donations by charities and churches, collections of patient payments by hospitals, food and beverage purchases at sporting events and concerts, layaway payments at department stores and prepaid tabs at hospitality locations that serve wine and spirits where cash loss from the consumer to the cash register has been a historic concern. Additionally, tobacco sale locations that have suffered similar deficiencies can also be serviced while using real-time tools to verify age or identity as appropriate.

SAFE can also deliver unparalleled "Safety and Soundness" for transactions that require an additional layer of identity verification, transactional awareness or payment automation when compared to traditional POS (Point of Sale) systems. Importantly, for retail industries that are compelled to report to the State for taxation and other regulatory purposes, SAFE can be configured to provide necessary accounting and other pertinent data to the State or other agency, thus reducing the risk of fines, penalties, and suspensions.

"We're bringing the accountability that has worked so well in the corrections and municipal space to commercial operations that require accountability," added Hodge. "There is no substitute for the security and peace of mind our technology provides to all involved."


General Payment Systems Signs Largest Alternative Payment Account in Company History With Riverside County, CA Agreement

IRVINE, Calif., Nov 15, 2013 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company has signed its largest alternative payment account through an expanded agreement with Riverside Superior Court, CA.

After winning the RFP (Request for Proposal) to provide kiosk payment services in Riverside, General Payment Systems was asked to demonstrate its capabilities through a beta test in Riverside's Moreno Valley location. Following the completion of the successful beta, General Payment Systems has now expanded to three additional installations, with kiosks deployed at Larsen, Hemet and Southwest Superior Court locations.

The agreement also calls for the installation of kiosks at three more court locations in Riverside.

General Payment Systems' kiosks in Riverside have been customized to accept cash and checks as payment for traffic tickets. The newly developed software/kiosk can also dispense cash to the customer for change providing yet another way the Company's leading edge technology can help alleviate frustrating lines at the windows and reduce labor costs.

"Our agreement with Riverside sets the stage for the largest alternative payment account in Company history," stated Ron Hodge, CEO, General Payment Systems. "And it gives us further traction in California where winning RFP's and accounts can increase the likelihood of future penetration. Ultimately, we expect Riverside and all its locations to be a critical source of revenue and market leverage."


General Payment Systems Lands Five Kiosk, Multiple Location Corrections Account in Louisville, Kentucky

IRVINE, Calif., Nov 05, 2013 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company has been contracted to provide and has now gone live with five kiosks at Metro Corrections in Louisville, Kentucky. Metro Corrections consists of three locations in the greater Louisville area and is expected to process more than 42,000 inmates using the Company's services over the next year.

General Payment Systems kiosks will handle six different payment types for this new facility; booking, inmate commissary, bail, home incarceration, phone time, and community correctional center payments. The first kiosks in the Louisville facility are now live and operational. Additionally, General Payment Systems has integrated its proprietary EZAP Software Suite with Archonix's Jail Management Software (JMS) in Louisville. This will be the seventh integration with this valued partner.

"This was an incredibly competitive RFP (Request For Proposal) process and ultimately we were selected over numerous large and national competition," stated Ron Hodge, CEO, General Payment Systems. "We are proving over and over again that we are best-of-breed for municipal payment technology. Adding Louisville is not just a significant revenue opportunity for GPSI, but a testament to our growing brand in the industry."

"This is a very large account for the Company and once again, we thank our channel partner Archonix who continues to open very large doors for us," added Hodge.


General Payment Systems Signs LOI to Provide Probation Payment and Biometric Tracking Technology Through CSRA Probation Services


Agreement Signals GPSI's Entry Into Probationary Payment Market

IRVINE, Calif., Oct 23, 2013 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company has signed a Letter of Intent (LOI) to provide kiosk-based payment and tracking technology for probation needs through CSRA Probation Services which services approximately 60 courts in the State of Georgia. The agreement is the first of which for General Payment Systems in the probation and post release market.

"CSRA is a well-respected probation services provider used in a large number of court systems in Georgia," stated Ronald Hodge, CEO, General Payment Systems. "Their success and reputation in the state made them an appropriate partner for this collaboration. With a large book of probations accounts, we hope to soon become a popular method for the monthly payments and fees required for probation."

"A probationer will soon be able to complete a required monthly check-in and make their payment using a state-of-the art thermal fingerprint biometric technology," added Hodge. "It's the perfect combination of transaction based revenue and accountability for the probationer."

"A primary key for success in the field of community corrections is to remove as many obstacles as possible that might hinder the progress of those we supervise. The opportunity to partner with General Payment Systems, Inc. not only makes our job easier, it actually increases the chances of a positive outcome for those we supervise," stated Michael Popplewell, President, CSRA/Georgia Corrections Corporation.


General Payment Systems Opens Location in Montgomery County, TX

IRVINE, Calif., Oct 18, 2013 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company, through its licensee EZ Pay Corporate, has opened its latest Texas location, this time in Montgomery County, TX.

Through General Payment System's proprietary kiosks and technology, this account located inside the Montgomery County Sheriff's Office in Montgomery County, will accept building permits, renewals for health permits, septic permits and manager's class fees, in addition to jail and corrections payments.

"This opening by our valued licensee provides both actual and virtual expansion as we gain more locations in Texas and provide payment services for an increasingly wide variety of payment types," stated Ronald Hodge, CEO, General Payment Systems. "We applaud our licensee for their efforts in broadening our footprint in municipal payment services. We hope to use this account to demonstrate our ever-widening payment capacity to potential new accounts in the area."

General Payment Systems to Provide Payment Kiosk Technology for City of Huntington Park, CA


GPSI Will for the First Time Handle Parks and Recreation Related Transactions

IRVINE, Calif., Oct 14, 2013 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company has agreed to provide kiosk payment technology for the City of Huntington Park facility in California with an expanded municipal payment system.

For the first time, General Payment Systems will allow for municipal payments for Parks and Recreation services, furthering the Company's penetration and potential in the municipal payment arena. Parks and Recreation processing will now be made available to all existing and future accounts.

"While we are most pleased to add Huntington Park to our roster of active accounts we are also elated to demonstrate the versatility of our kiosk and technology by adding Parks and Recreation payments to our service offering," added Hodge. "Huntington Park residents will soon be able to use our kiosks to pay for police and law enforcement related payments, utilities and Parks and Recreation expenses."

"Our goal is to leverage our successes in the corrections industry to penetrate the vast municipal payment market. Today is another significant step forward," added Hodge.


General Payment Systems Reports Another Increase in Quarter Over Quarter Transactional Volume

IRVINE, Calif., Jan 16, 2014 (GLOBE NEWSWIRE via COMTEX) -- General Payment Systems, Inc. (OTC:GPSI) (the "Company") - a payment processing technology company that specializes in the $500 billion government payment space, is pleased to announce that the Company's transactional volume for the third quarter of 2013 is once again a record number, maintaining a trend of transactional growth. For the third quarter, the Company reported 177,794 transactions, the highest recorded total for any quarter in the Company's history.

Through the 177,794 transactions, the Company processed over $12.7 million in payments made to government entities. Depending upon the type of payment involved, the Company charged either a fixed-rate or percentage-based processing fee.

Historical transactional volume, in number of transactions is as follows:

2010: 238,339 transactions

2011: 399,261 transactions

2012: 526,366 transactions

Q1 2013: 172,262 transactions

Q2 2013: 176,117 transactions

Q3 2013: 177,794 transactions

"The Company is pleased to report another quarter over quarter improvement in our transactional volume," stated Ron Hodge, CEO, General Payment Systems. "We look forward to a bright 2014, armed with a pattern of success in the marketplace and an increasingly diverse suite of services we can provide to businesses and municipalities looking for more efficient and secure technology systems."

* There is a definite inconsistency in the Press Release and the information on the Bail website!

Depending upon the type of payment involved, the Company charged either a fixed-rate or percentage-based processing fee.

Madera County is $10.00 plus 9% for bail.



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Current Price
Bid Ask Day's Range
#39712  Sticky Note DD REMINDER! surfkast 07/29/14 05:20:05 PM
#39340  Sticky Note Hmm low and behold I got a reply. 1gumbi 06/20/14 04:02:00 PM
#39140  Sticky Note I would not waste my time trading this surfkast 06/10/14 05:21:10 PM
#36266  Sticky Note This board needs to get back on topic. IH Admin [Edward] 01/27/14 03:44:30 PM
#40195   Well coordinated channel trades I believe. surfkast 09/15/14 05:12:56 PM
#40194   I agree. GO GPSI bostongirl 09/15/14 02:08:56 PM
#40193   Or the status of the non dilutable shares surfkast 09/15/14 01:58:22 PM
#40192   How about a true up on shares issued? surfkast 09/15/14 01:56:27 PM
#40190   REALLY?? THE ONLY QUESTION?? NOW THAT'S TOOOOOO FUNNNNNNY!!!!! eleniak 09/15/14 01:49:52 PM
#40189   The only question I have and will always surfkast 09/15/14 01:48:18 PM
#40188   You guys need to chill, nothing that you Hor4013 09/15/14 01:45:36 PM
#40187   QUOTE: July 8,2013 1 million shares was worth surfkast 09/15/14 01:42:36 PM
#40186   No I didn't, you did. eleniak 09/15/14 01:41:21 PM
#40185   YOU FORGOT ABOUT THE REVERSE SPLIT! SO $24,000. surfkast 09/15/14 01:37:35 PM
#40184   LOLOLOL 1,000,000 x .24. = $240,000 eleniak 09/15/14 01:33:36 PM
#40183   TOO BAD IT IS NOT HELPING STOCKHOLDERS WHO surfkast 09/15/14 01:28:56 PM
#40182   July 8,2013 1 million shares was worth approximately surfkast 09/15/14 01:07:59 PM
#40181   The Riverside Superior Court =15k a month lawdog1 09/15/14 12:51:33 PM
#40180   I have nothing. I don't expect much either 1gumbi 09/15/14 12:49:14 PM
#40179   So what great news do you have for us? surfkast 09/15/14 12:47:10 PM
#40178   EXACTLY!! THAT'S WHY THE COMPANY NOR ANY INSIDERS eleniak 09/15/14 12:46:26 PM
#40177   General Payment Systems surfkast 09/15/14 12:44:57 PM
#40176   Funny! like a root canal 1gumbi 09/15/14 12:44:27 PM
#40175   STOCK PRICE IS UP 20% SINCE THE FIRST eleniak 09/15/14 12:40:07 PM
#40174   You folks are funny. GO GPSI bostongirl 09/15/14 12:39:21 PM
#40173   OUTSTANDING SHARE COUNT IS STILL 10.8 MILLION.....WOULD HAVE eleniak 09/15/14 12:37:04 PM
#40172   That was announced two and a half years surfkast 09/15/14 12:31:38 PM
#40170   We may in fact get news and even surfkast 09/15/14 11:57:52 AM
#40169   Just about EVERY PR pop has been sold bell345 09/15/14 11:47:21 AM
#40168   SOMETHING BIG IN THE WORKS......"We are moving in eleniak 09/15/14 11:36:36 AM
#40167   GPSI is VERY SUSPECT, seeming doing very well bell345 09/15/14 11:28:47 AM
#40164   BOTTOM IS IN!! WEEEEEEEEEEEEEEEEEEEEEEEEEEEE eleniak 09/15/14 10:35:18 AM
#40162   don't believe it, I could care less!!! GET eleniak 09/15/14 10:32:59 AM
#40161   IRVINE, Calif., Oct. 18, 2012 /PRNewswire/ -- Continental surfkast 09/15/14 10:32:47 AM
#40160   THAT IS IMPOSSIBLE TO BELIEVE HAT THEY DID surfkast 09/15/14 10:30:25 AM
#40159   "We are moving in the right direction and eleniak 09/15/14 10:15:20 AM
#40158   last reported 10.8 million, no evidence of any eleniak 09/15/14 10:04:05 AM
#40157   DOES ANYONE KOW THE CURRENT SHARE STRUCTURE? HOW surfkast 09/15/14 09:41:52 AM
#40156   A deputy in Smith Co Tx was arrested eleniak 09/14/14 11:38:21 AM
#40155   GPSI DOESN'T DO BUSINESS WITH THE JUDGES!!! PROCESS eleniak 09/14/14 11:33:24 AM
#40154   Calif. Superior Court judges censured for sexual misconduct!!!!!!!! surfkast 09/14/14 11:25:57 AM
#40153   Soooo, the poor SEC is over worked and eleniak 09/14/14 10:47:28 AM
#40152   “There is often little or no reliable information bell345 09/14/14 10:39:10 AM
#40151   "Proactively Suspends Trading in 255 Dormant Shell Companies" eleniak 09/14/14 10:35:32 AM
#40150 bell345 09/14/14 10:28:51 AM
#40149   AND ON THE OTHER HAND, INFORMATION COMING AND eleniak 09/14/14 10:25:39 AM
#40148   That is some great news for the investors. surfkast 09/14/14 09:49:42 AM
#40147   Please provide some news links to the companies eleniak 09/13/14 08:56:35 PM
#40146   Doing a very poor job, like always. 100's eleniak 09/13/14 08:54:26 PM
#40145   SEC Continues Microcap Fraud Crackdown. surfkast 09/13/14 08:01:28 PM
#40144   The bottom is in, WEEEEEEEEEEEEEEEEE eleniak 09/13/14 07:15:17 PM
#40143   Many here predicted a sub penny stock price eleniak 09/13/14 07:12:59 PM
#40142   Does everybody here realize that after 8 1/2 eleniak 09/13/14 07:08:52 PM