Cashbondonline.com Releases Version 2 Of Its Cloud-based Payment Solution

April 21, 2012 - PRLog -- Atlanta, March 15, 2012: Cashbondonline.com (CBO), the leading provider of cloud-based payment technology to the corrections industry, today announced the availability of the latest version of its innovative SAAS cash bonding solution.

The new solution is a cloud-based gateway enabling local agencies a way to automate current cash bond processes.  CBO is able to offer inmates and their friends and family a quick,
convenient, and secure way to pay for a cash bond with the use of a credit card and speed up the release process. CBO is not a bonding company. Instead CBO automates current cash bond processes.

“Cash bond payments that are processed over the web with the use of a credit card offer friends and families of inmates the convenience of posting a bond from anywhere in the world.” said Lee Harris, Vice President of Operations of CBO.

The CBO solution, which is provided at no cost to local agencies, provides many benefits to the agencies including:

•   Improved staff efficiency
•   Easing jail overcrowding
•   Lower operational costs in relation to inmate housing, medical care, meals, security, and transportation.
•   Minimized administrative burden in relation to cash bonds
•   No cost to the agency

“Our solution has really been embraced by the market”, added Michael Knight, CTO of Cashbondonline.com. “IDC estimates that service-enabled software with SaaS delivery is going to comprise about 13% of worldwide software spending by 2015.  We are very well positioned to lead the corrections industry in these types of solutions.”

About the Company
Cashbondonline.com, Inc (CBO) is a cloud-based provider of credit-card payment solutions to the corrections industry. Established in 2009 and headquartered in Atlanta with the objective of providing local agencies with a SAAS solution for inmate cash bonding, Cashbondonline.com has established itself as one of the leading providers of cloud-based technology to the corrections industry.  Information about Cashbondonline.com’s solutions and services can be found at www.cashbondonline.com

For more information, please visit the CASHBONDONLINLE.COM Web site at www.cashbondonline.com
Lee Harris
CASHBONDONLINE.COM