ATLANTA, April 20, 2015 /PRNewswire/ -- Paybefore has selected InComm, a leading prepaid product and transactions services company, as a 2015 Paybefore Awards Europe winner in the Change Agent of the Year category. Cashtie was also selected as a winner in three additional categories: Consumer Value, Best Problem Solver, and One to Watch: Programme/Platform.
Following in the tradition of Paybefore Awards, which celebrated its ninth year in 2015, Paybefore Awards Europe was created four years ago to honour excellence and innovation in the prepaid, mobile and emerging payments industry in the U.K. and Europe. The awards are presented by Paybefore, whose publications are the leading source of industry information for the global emerging payments community.
"It is an honor to once again be recognized by Paybefore for our Cashtie platform," said Brooks Smith, President and CEO, InComm. "InComm uses barcode technology that requires no POS integration to solve a payments problem for consumers and billers, while adding value for retail partners. Cashtie is the answer to a previously unsolvable challenge in the payments space, offering the cash based consumer a simple and convenient way to pay their bills using cash."
InComm and Cashtie were selected by a panel of five industry experts who served as judges for this year's competition.
"Paybefore Awards Europe recognises the companies pushing the industry forward with innovative solutions that improve the cardholder and client experience," said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel. "Companies like InComm prove that electronic payments will continue to expand and thrive," she continued. "We're proud to recognise its contributions to propelling the emerging payments industry forward."
"The power of payments is transformative, and our Paybefore Awards Europe winners are at the forefront of that transformation," added Marilyn Bochicchio, Paybefore's CEO. "These innovative businesses have created options and opportunities for millions of consumers—to pay, to exchange value and to be paid."
"We are excited to be recognized for Cashtie's unique ability to provide our partners payment and money transfer solutions at our retail network and improve efficiencies for cash paying consumers," said Thomas Cornelius, InComm's Senior Vice President. "The payments industry continues to evolve encompassing cash, mobile, prepaid, and other forms of transactions which are all processed, thanks to the advancements made by the team at InComm, at the POS."
Cashtie is an API that integrates with partners (financial services companies and billers), enabling them to accept payments at retail locations via a barcode providing unbanked and under-banked consumers the ability to use cash to pay bills, monthly healthcare and insurance premiums, and even load funds into an account. Cashtie transactions are initiated by the partner via a barcode printed on a statement, presented online, via email, and through a text message and/or mobile app. Consumer benefits include the ability to pay bills/invoices with cash, pay in-lane and avoid long lines at kiosks/customer service desks, pay at retail locations they visit frequently, and pay bills on time and in full – and avoid late fees. For more information, please visit Cashtie.com.
InComm now will vie for best-in-category distinction, which will be announced during the Paybefore Awards Europe ceremony on 19 May at the All Payments Expo Europe in Marbella, Spain. Visitors to Paybefore.com will be able to vote on one People's Choice winner before the Awards presentation. Details coming soon.
Leveraging deep integrations into retailers' point-of-sale systems, InComm provides connectivity to a variety of service providers that allow consumers to conduct everyday business at more than 450,000 points of retail distribution worldwide. Whether those consumers are activating prepaid products, paying bills, enjoying real-time discounts through a membership card, purchasing digital goods in-store or adding funds to an online account, InComm is there to provide unique gift-gifting opportunities, cater to on-the-go shoppers, deliver added value through loyalty programs and serve cash-based consumers. With 186 global patents, InComm is headquartered in Atlanta with a presence in over 30 countries in North and South America, Europe and the Asia-Pacific region. Learn more at www.incomm.com or connect with us on www.twitter.com/incomm, www.facebook.com/incomm, www.linkedin.com/company/incomm or www.incomm.com/blog.
About Paybefore: Paybefore is the leading information provider to prepaid and emerging payments industry professionals, offering the latest news, commentary and analysis. Paybefore's family of industry publications includes: Paybefore.com; Pay NewsTM; Pay Op-Ed™; Pay Week™; Pay Gov™ and Pay Magazine™, a biannual print publication featuring in-depth articles on the opportunities, challenges and trends in the global prepaid and emerging payment industry; and the only industry directory, Pay Connect™, available online and in print. Visit us at www.paybefore.com