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Alpha Modus Corp. <\/p>\n Alpha Modus Corp. <\/p>\n
Alpha Cash proves compliance model. Regulatory clearance in Kentucky and Pennsylvania unlocks check deposit access for an estimated 1.3 million unbanked and underbanked households across both states<\/p>\n
Alpha Cash Expands Check Deposit Access with Kentucky and Pennsylvania Approval<\/p>\n
Alpha Cash received regulatory clearance for check deposit services in Kentucky and Pennsylvania, expanding access to an estimated 1.3 million unbanked and underbanked households across both states. \u00b7 GlobeNewswire Inc. <\/p>\n
CORNELIUS, N.C., June 09, 2026 (GLOBE NEWSWIRE) — Alpha Modus Holdings, Inc.<\/a> (“Alpha Modus”) (NASDAQ: AMOD<\/a>) today announced regulatory clearance for Alpha Cash<\/a> to enable check deposit in both Kentucky and Pennsylvania, advancing the state-by-state rollout of the company\u2019s mobile financial services platform. The back-to-back clearances mark a significant acceleration in the compliance buildout and expand Alpha Cash\u2019s addressable footprint to consumers across two states who have historically had limited access to check cashing services.<\/p>\n Kentucky\u2019s clearance was issued under the authorized delegate framework administered through the Nationwide Multistate Licensing System (NMLS), confirming that Alpha Modus Financial Services, LLC may conduct check deposits in the Commonwealth through its partner relationship with Barri Money Services, LLC. Pennsylvania\u2019s clearance followed the same structure, with the PA Department of Banking and Securities confirming compliance.<\/p>\n \u201cGetting check deposit right is harder than people realize,\u201d said Chris Chumas, Chief Strategy Officer of Alpha Modus Holdings, Inc. \u201cThe licensing requirements, the banking partnerships, the compliance infrastructure across state lines: it\u2019s a high bar to clear. Kentucky\u2019s and Pennsylvania\u2019s regulatory clearances confirm that we\u2019ve built a model that works and can be replicated. For consumers in these states who\u2019ve had limited options to deposit a check without a traditional bank account, this is a real change.\u201d<\/p>\n Alpha Cash<\/a> is currently live in the Apple App Store<\/a> and Google Play<\/a> with functionalities including:<\/p>\n In-person cash loading<\/p>\n Free Peer to Peer transfers<\/p>\n Reloadable prepaid debit card access<\/p>\n Gift card purchases<\/p>\n Ticket and event purchases<\/p>\n Mobile Top-Up<\/p>\n Check Deposit (state-by-state)<\/p>\n The company intends to continue filing for authorization in additional states, with each clearance expanding the addressable footprint for check deposit functionality.<\/p>\n Together, Kentucky<\/a> and Pennsylvania<\/a> represent a combined market of more than 19 million people across approximately 7.2 million households. Applying FDIC 2023<\/a> national benchmarks, an estimated 302,000 households across both states are unbanked and an additional one million are underbanked, relying on nonbank services to meet core financial needs, a combined addressable market of approximately 1.3 million households for Alpha Cash. In Kentucky, a poverty rate of 16.4 percent<\/a> compounds the need: access to affordable, branch-free check deposit is a practical necessity for hundreds of thousands of working families. Pennsylvania\u2019s 12 percent poverty rate<\/a> tells a similar story, concentrated in Philadelphia, Erie, and the state\u2019s rural corridors.<\/p>\n Story continues <\/p>\n About Alpha Modus Holdings, Inc.<\/p>\n Alpha Modus Holdings, Inc. (“Alpha Modus” or the “Company”) (NASDAQ: AMOD) is a vertical AI company focused on real-time, in-store shopper engagement and attribution. Its patented \u201cclosed-loop\u201d retail AI framework, Sense \u2192 Decide \u2192 Deliver \u2192 Attribute, enables brands and retailers to measure the full impact of digital content, physical interactions, and transaction outcomes. Through subsidiaries like Alpha Modus Financial Services, the company is actively deploying technologies that merge artificial intelligence, retail media, and financial access across the physical retail landscape.<\/p>\n www.alphamodus.com<\/a> | Patent Portfolio<\/a> | Press Room<\/a><\/p>\n Forward-Looking Statements<\/p>\n This press release includes \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995. Alpha Modus\u2019s actual results may differ from their expectations, estimates, and projections, and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as \u201cexpect,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cbudget,\u201d \u201cforecast,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201cbelieves,\u201d \u201cpredicts,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. These forward-looking statements include, without limitation, Alpha Modus\u2019s expectations with respect to future performance.<\/p>\n Alpha Modus Holdings, Inc. (\u201cAlpha Modus\u201d) cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Alpha Modus does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.<\/p>\n Investor Relations<\/p>\n Alpha Modus Holdings, Inc.<\/p>\n Email: ir@alphamodus.com<\/a><\/p>\n Website: www.alphamodus.com<\/a><\/p>\n Follow us on LinkedIn<\/a> | Follow us on X<\/a><\/p>\n