Upon learning Thursday of the Banking Department’s decision, we immediately notified our members and advised that they stop processing customer payments through CashPoint. Our primary concern is the protection of the consumer and our ability to continue to service our customers by providing alternative means for bill payment.

"It is our hope that every customer who made payments through CashPoint will receive full credit for their payment," said Matt Bardach, president of CCANY.

Check cashers -- like other organizations including Verizon and the City of New York -- contracted with Cashpoint to provide consumer services.

CashPoint is a separate, independent company that provides bill-paying services to consumers through the Internet and other outlets, including check cashers.

"It is important to note that CashPoint is NOT a check-cashing company," said Bardach. "Contrary to some erroneous news reports, CCANY members continue full operations, including cashing checks for consumers. CCANY members are not a subject of the Banking Department’s action against CashPoint."

"We continue to enjoy a strong working relationship with the State Banking Department and remain in constant contact with them on this issue," said Bardach.

CCANY has notified the New York State Banking Department that we will work with them in any way possible and assist the Governor’s office -- and all government agencies -- in this matter.

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