STATE OF NEW YORK BANKING DEPARTMENT PRESS RELEASE

Statement of Superintendent of Banks Diana L. Taylor
on CashPoint Services Inc.

 
New York, NY, April 23, 2004 -- Superintendent of Banks Diana L. Taylor assured consumers today that there are licensed check cashers, money transmitters and banks that will provide consumers with a variety of services to help them pay their bills or cash checks in the wake of CashPoint Services Inc. being closed.

"It is important for all consumers to understand that the only entity closed was CashPoint. All other check cashers, money transmitters and banks are open and available to do business. In fact, there are many other check cashers and money transmitters licensed by the New York State Banking Department who provide a valuable service to thousands of customers throughout New York State. To obtain a list of these companies please call the New York State Banking Department’s toll free number at 1-877-BANK-NYS or log on to our Website at www.banking.state.ny.us/sicheckc.htm.

"If you have already paid a bill using CashPoint, and are concerned about your payment, you should call the company to which the payment was meant to go. If you feel you did not receive proper crediting to your account, you should work directly with the creditor and be prepared to provide details related to your transaction, including the date you paid the bill; the check casher agent or other location where you paid the bill; the name of the entity you sent payment to and a clear copy of your payment receipt, if available.

"If you find on your next utility billing statement that unresolved issues remain,
call the company as well as the New York State Public Service Commission at
1-800-342-3377."

In addition, Chase Bank will cash a city payroll check without a fee at the following locations:

Manhattan:
9-11 a.m. 2-4 p.m
280 Broadway
One Chase Manhattan Plaza (Pine St.)
55 Water St.
2099 Broadway (73rd St.)
2219 Broadway (79th St.)

Brooklyn:
8:30-10:30 a.m. and 12:30-3:30 p.m.
177 Montague St.

Bronx
9-11 a.m. and 2-4 p.m.
270 E. 137th St.
76 E. 161 St.
360 E. 149th St.

For additional information please call the Department's toll free number
1-877-BANK-NYS or log on to its website at www.banking.state.ny.us.

The New York State Banking Department is the regulator for all state-chartered banking institutions, including nine of the State’s ten largest banks and 80 percent of the United States offices of international banking institutions. In addition, the Department licenses all of the State’s mortgage bankers and brokers, check cashers, money transmitters and budget planners. The aggregate assets of the companies and institutions supervised by the Banking Department are more than
$2 trillion.

www.banking.state.ny.us/pr040423.htm