SUNNYVALE, Calif., Sept. 27, 2018 /PRNewswire/ -- PayNearMe®, a service of Handle Financial, announced today the release of the industry's only complete mobile-first payment platform, enabling merchants to accept payments from their consumers at any time, anywhere, and any way they want to pay. The expanded system provides the ability to accept debit, credit and ACH payments in addition to cash; and features payment reminders and mobile wallet integration.
The PayNearMe system was initially designed to accept cash from underserved consumers for online goods and services at more than 27,000 retail locations nationwide, including 7-Eleven, ACE Cash Express, Casey's General Stores and Family Dollar. PayNearMe greatly reduces the expense and operational challenges of accepting cash while providing consumers a fast, easy way to make payments. These benefits and ease of use are now being extended to include all forms of payment.
With the launch of PayNearMe's debit, credit and ACH payment capabilities, merchants can now securely accept and manage all types of payments, driving more on-time payments. The mobile-first design offers a simple and intuitive user experience that makes paying faster and more convenient. Consumers can store their payment credentials in their mobile wallets for easy access, and receive timely text reminders when their payments are due. Competitive solutions require the use of third-party products at additional cost that also increase complexity for consumers and merchants.
"PayNearMe has consistently delivered innovative yet simple payment solutions to address lenders' most pressing needs," said Danny Shader, CEO of Handle Financial and founder of PayNearMe. "Today, we are introducing the industry's first complete payment platform, putting cash, debit, credit and ACH all together in one single trusted platform, along with payment reminders and mobile wallet integration. It has never been easier for lenders to process all of their payments while delivering an outstanding mobile-first experience to their customers."
PayNearMe's superior service provides merchants with best-in-class support, faster implementation and setup times; and three simple ways to integrate. PayNearMe's transparent fee structure eliminates the hidden or confusing fees charged by competitive offerings, and makes bills clear and easy to understand.
"We are incredibly excited to gain the ability to process all forms of payment through our most trusted payment platform," said Mike Meltser, CEO of Capital Auto Financial. "The interface is very easy-to-use and gives us a number of ways to engage our customers to ensure on-time payments without additional charges or hidden fees."
"PayNearMe's debit and cash payment options have worked extremely well for our members," said Marcus Berkowitz, Senior Director, Technology and Innovation at Microfinance organization, Grameen America. "Making payments by debit card has proven to be faster, more convenient, and hugely beneficial for them."
About Handle Financial
Handle Financial is a fintech platform company providing businesses, government agencies and financial institutions with technologies for money movement, bill presentment, and payment. Handle Financial's core offering, PayNearMe, processes electronic payments in the form of debit, credit and ACH. It also gives businesses and government agencies access to 27,000 retail stores through which they can accept cash payments from customers. To learn more, please visit http://handlefinancial.com/ and follow us on Twitter @HandleFinancial.
PayNearMe and Handle Financial are trademarks or registered trademarks of Handle Financial, Inc.
PayNearMe, a service of PayNearMe MT, Inc., has enabled government agencies and businesses to accept cash payments remotely since 2009. In 2018, PayNearMe expanded to include debit, credit or ACH payments, in addition to cash.
To make a cash payment in their own neighborhood, consumers visit any of our 27,000 trusted locations in the U.S., which include 7-Eleven®, Family Dollar®, Casey's General Stores® and ACE Cash Express stores. PayNearMe processes cash payments for the IRS, Comcast, Greyhound, Oportun and the California Department of Child Support Services, among others.
PayNearMe is offered by PayNearMe MT, Inc., which is a wholly owned subsidiary of Handle Financial, Inc.
© 2018 Handle Financial, Inc. All rights reserved. Handle Financial and PayNearMe are trademarks or registered trademarks of Handle Financial.
Krithika Rajaraman, IDPR for Handle Financial
SOURCE Handle Financial