The New York State Department of Financial Services has suspended the licenses of Syosset-based Pay-O-Matic, a provider of check-cashing and money transmission services, according to a notice on the agency's website .

Pay-O-Matic "has ceased operations," according to the state notice.

Pay-O-Matic posted a letter on its website stating that "after more than 50 years of service to your communities, all Pay-O-Matic check cashing store locations are closed as of September 12, 2025. Additionally, the Pay-O-Matic Bill Payment Network and Pay-O-Matic bill payment services are no longer available either at our branch locations or participating agent locations in New York and New Jersey."

The state agency and Pay-O-Matic could not be reached for comment Friday to explain the closings.

Pay-O

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