Source: Source Technologies
Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, announced its partnership with ChoicePay, an electronic bill payment solutions provider.
The new partnership with ChoicePay will provide access to hundreds of national and regional billers to create a network of self-service bill payment kiosks to be placed primarily in payment centers, convenience stores and supermarkets. ChoicePay kiosks will accept cash to pay any local, regional or national billers active on the kiosk. Source Technologies will integrate the ChoicePay multi-biller, bill payment functionality into the CONCOURSE line of self-service kiosks, to enable bill payment for cash paying consumers nationwide.
Billers that support walk-up payments for cash-preferred customers can reduce the cost associated with processing attended payments, which can average $1.50(1) or more per transaction. With more companies consolidating and cutting costs, dedicated attended payment centers make less financial sense. Billers have to meet their customers where they live, work and shop using the most cost effective means possible.
"ChoicePay believes that unattended walk-up payments are an essential part of any comprehensive electronic bill payment strategy," said Greg Adelson, ChoicePay President. "Kiosks offer a complimentary and/or alternative solution to existing attended walk-in options with the flexibility of placement where cash paying consumers live or work. Providing the consumer a multitude of biller payee options allows for greater convenience to pay monthly bills without the need to visit many different locations or pay with money orders."
"Billers and retailers alike immediately see the value in increasing payment options for their clients," said Bill Lynch, Vice President of Self Service, Source Technologies. "Both unbanked and established bank customers will appreciate the convenience of being able to use cash to pay bills in convenient locations."
(1) Source: UtiliPoint International.