Don’t break budget with cost effective bill pay solutions

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Most people aren’t aware of the associated complexities that many businesses face when collecting payments from their customers. At surface value, the collection of payment seems simple, move X amount of dollars from point A to point B, an easy exchange. But, in order to increase...

Independent ATM network operators should diversify their ATM business

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There are two primary groups who deploy and manage ATM’s: financial institutions, and independent ATM network operators. Financial institutions, such as banks and credit unions offer ATM services as a convenience for their customers to have access to banking functions after...

Are you under-utilizing your Bill Payment Kiosk?

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Bill Pay Kiosks offer billers and services providers an excellent alternative to accepting in-person payments. Customers are able to enjoy improved satisfaction by reducing wait times, enjoy real-time cash or credit processing, and the convenience of 24 hour a day, 7 days a week...

The U.S. is now a mobile app majority

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For the first time ever, Americans are using smartphone and tablet apps more than personal computers to access the Internet. At the beginning of this year the U.S. became an app majority, this means that not only are more people utilizing mobile devices to go online, but also...

How Convenience Stores are Increasing Revenue without Taking up Shelf Space

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Convenience store owners know the value of shelf space. In fact, the shelf may very well be the most precious real estate in the consumer-retail value chain. Profitability depends on having the right product mix, optimally placed, to ensure that a high turnover rate on goods sold...

5 things to consider when selecting a payment service provider

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Bill payment processors are third party service providers that help alleviate the burden of accepting payments. They empower billers such as utility companies, wireless and cable providers, to name a few, with the capabilities to accept multiple payment types through a variety of...

Will mobile bill pay options make kiosks obsolete?

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There is no denying that mobile is the way of the future. With over 58 percent of the U.S. population currently owning a smartphone, that number will only continue to rise as options become more readily available. For many, a smartphone or tablet has replaced the home computer or...

Cash continues to play a key role in consumer spending

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For the past 20 years, the growth rate of electronic payments in the U.S. has been very impressive. Aside from a small decline during the financial crisis in 2009, we have witnessed a steady, and significant, increase in transactions made with more than a fivefold increase...

Millennials demand alternative banking and bill pay options

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Results from a  survey conducted by Accenture indicate that the future of banking, money management and bill pay will transition even more from the bricks and mortar options that previous generations are used to, into the digital world. The findings revealed that nearly 40% of...

5 things to consider when designing a self-serve bill pay solution

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With the many technological advancements and improvements over the years, most self-service options have been significantly upgraded in function and usability. As a result, consumers today prefer to help themselves given the choice. The allure of “self-service” stems from the...