Is cash dead, or is it still a viable way for your customers to pay for bills, goods, and services? If you are like most business owners, you are trying to identify the best methods to collect payments amidst a rapidly changing consumer environment. In response to the COVID-19 pandemic, the U.S. Centers for Disease Control and Prevention (CDC) encouraged businesses to use…Read more
News and Articles
LOS ANGELES, Calif., October 9, 2019 — Olea Kiosks of Los Angeles welcomes the Franklin Bill Pay kiosk as the newest addition to its self-service line-up. This secure and versatile kiosk is built to handle payments of any kind, anywhere. The Franklin Bill Pay kiosk has the ability to accept and dispense dollar bills, dispense coins, read checks and take credit card payments. Because it’s…Read more
Cash Provisioning For Bill Pay Kiosks Although it remains to be seen if the use of cash as a form of payment will eventually disappear, don’t expect it to happen any time soon. Consumers used cash in 26 percent of transactions last year, according to the Federal Reserve’s 2019 Diary of Consumer Payment Choice. Although that’s down from 30 percent in 2017, it’s…Read more
A bill payment kiosk improves revenue and reduce labor costs, but only if deployed correctly. The Bill Pay Kiosk, Underbanked and Unbanked in 2019 There are all sorts of situations where a company needs to accept regular payments from their customers. Utility payments, cellphone bills and store credit cards are just a few of the situations where customers make regular payments. And…Read more
As long as a meaningful portion of the population is underbanked, self-service solutions will drive positive ROI for billers, deployers and their hosts In Part I, we examined the various business models that can undergird deployments of bill-payment kiosks. Here, in Part II, the focus is on how to be successful with the deployment, whatever model is employed. Once the modus operandi of…Read more
As long as a meaningful portion of the population is underbanked, self-service solutions will drive positive ROI for billers, deployers and their hosts Few routine tasks are more annoying than paying bills. Not only is the act predicated unpleasantly on surrendering hard-earned cash, but the mechanism of the payment itself can be a significant bother. Consider for example the tedious antiquity of writing…Read more
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