November 5, 2014
KUBRA Announces New Walk-In Cash Payment Solution
KUBRA e-Cash provides billers with access to 17,000 7-Eleven, Family Dollar, and ACE Cash Express stores through PayNearMe partnership.
Coppell, TX — November 5, 2014 — KUBRA, a customer interaction management solution provider, announced today it has developed a new electronic cash payment solution to work in conjunction with an existing partnership with PayNearMe, an electronic cash transaction network. KUBRA’s e-Cash™ solution enables online cash payments and allows the end customer to conveniently pay their printed or electronic bill with cash in aisle at their local store through the Promise to Pay application.
End customers will now be able to make electronic cash payments through web, IVR, mobile or CSR assisted channels. By enhancing the KUBRA i-doxs Suite or KUBRA EZ-PAY services with the new e-Cash solution, KUBRA Billers will be able to improve customer experience, offer another choice for bill payment, and continue to automate the back-end payment processing elements. Payments made through the KUBRA e-Cash solution will flow via the KUBRA centralized payment processing engine and the KUBRA i-Lockbox remittance application. Payment data is handled in real time and consolidated with other external payment channels in order to provide KUBRA clients one electronic remittance processing file.
“KUBRA’s e-Cash capability makes it easier for consumers that are more inclined to use cash rather than debit/credit to pay their bills on time and makes the back-end reconciliation process easier for billers. We’re excited about the opportunities e-Cash offers to our clients and their cash-centric customers,” said Rick Watkin, President & CEO of KUBRA.
Cash payments in the United States continue to rise, and it is estimated that in 2014 volumes will total over $1.1 trillion. The partnership between KUBRA and PayNearMe allows KUBRA clients and billers to leverage PayNearMe’s vast network of retail locations for walk-in payments without the need for a separate integration. Customers can make payments 24/7 in their own neighborhood in less than 60 seconds at any of the 17,000 participating 7-Eleven, Family Dollar, and ACE Cash Express stores across the United States.
KUBRA provides customer interaction management solutions to some of the largest utility, insurance, financial services, government, healthcare, and communication companies across North America. Our portfolio of integrated multi-channel outsource solutions includes document print and mailing, e-billing and self-service, document management, and payment solutions. With over 500 clients and 1 billion customer interactions annually, KUBRA enables innovative performance-driven value to its clients every day. For more information, visit www.kubra.com.
PayNearMe is the electronic cash transaction network that enables consumers to pay rent and utility bills, repay loans, buy tickets, make online purchases, and do much more with cash. Consumers can conveniently make payments on their own schedule and in their own neighborhood in less than a minute at one of over 17,000 trusted locations including 7-Eleven®, Family Dollar® and ACE Cash Express® stores across the United States. For more information, please visit http://www.PayNearMe.com.