ChoicePay and Source Technologies Alliance Creates One-Stop Bill Pay Kiosks.Retail Kiosks Support Payment of Multiple Bills at One Location CHARLOTTE, N.C. -- 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 The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. 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(TM) 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 $1.501 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 bill·er n. One that bills, as: a. A clerk who prepares bills. b. A machine used in preparing bills. payee The person who is to receive the stated amount of money on a check, bill, or note. payee n. the one named on a check or promissory note to receive payment. PAYEE. The person in whose favor a bill of exchange is made payable. 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 Bill Lynch is the college football head coach for the Indiana Hoosiers. He also coached the Ball State Cardinals football team from 1995 until 2002. His most successful season was 1996 when the Cardinals participated in the Las Vegas Bowl. , 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, Inc. About ChoicePay ChoicePay, Inc. is an electronic bill payment solutions provider and a subsidiary of Tulsa National Bancshares, Inc., a federally regulated bank holding company. ChoicePay began as an electronic lockbox Lockbox A collection and processing service provided to firms by banks, which collect payments from a dedicated postal box to which the firm directs its customers to send payment to. for billers in 1996 with the mission of streamlining high-volume bill-payment processes. The company makes available a comprehensive suite of ACH, credit card, and cash payment options via the Internet, bilingual Interactive Voice Response (IVR (Interactive Voice Response) An automated telephone information system that speaks to the caller with a combination of fixed voice menus and data extracted from databases in real time. ) and call center, unattended walk-up kiosks, and attended walk-in retail locations. Kiosk payments are made at ChoicePay([R]) proprietary bill payment kiosks or Vcom[TM], the nation's largest multi-biller kiosk network located in more than 1,000 select 7-Eleven([R]) stores and available 24 hours a day. These kiosk solutions provide the underserved or unbanked consumers a convenient cash option to pay their bills at any time of the day. ChoicePay is VISA CISP CISP Cardholder Information Security Program (Visa) CISP Comitato Internazionale per lo Sviluppo dei Popoli CISP Certified IRA Services Professional (American Bankers Association) compliant and meets the PCI (1) (Payment Card Industry) See PCI DSS. (2) (Peripheral Component Interconnect) The most widely used I/O bus (peripheral bus). information security requirements for service providers. For more information, visit www.choicepay.com. About Source Technologies Founded in 1986, Charlotte, N.C.-based Source Technologies is a leading provider of integrated solutions for managing financial transactions and other secure business processes. In addition to the concourse[TM] family of self-service kiosks, Source Technologies offers secure disbursement DISBURSEMENT. Literally, to take money out of a purse. Figuratively, to pay out money; to expend money; and sometimes it signifies to advance money. 2. software and magnetic ink character recognition (business, printer) Magnetic Ink Character Recognition - (MICR) A character recognition system using special ink and characters which can be magnetised and read automatically. (MICR (Magnetic Ink Character Recognition) The machine recognition of numeric data printed with magnetically charged ink. It is used on bank checks and deposit slips. MICR readers detect the characters and convert them into digital data. ) printers and consumables for secure document applications. Customers include nine of the top ten U.S. Banks, plus hundreds of Fortune 1000 and mid-sized companies. Source Technologies has created more than $400 million in economic value for its customers in the last ten years. For more information, visit www.source-us.com. |
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