An apparatus for issuing money orders and similar instruments and for securing payment therefor is provided as a subsystem of an existing kiosk of a type including, but not limited to postal kiosks, informational kiosks, Automated Teller Machines (ATM), Point of Sale terminals (POS), vending machines and the like, or any combination thereof. Payment is secured by drawing funds directly from a customer's bank account; by drawing funds from a smart card, or by accepting currency through a bill acceptor. The apparatus further includes facilities for redeeming money orders and dispensing cash amounts corresponding thereto.