ACI Worldwide has teamed up with InComm Payments to digitise cash payments utilising a barcode payment token to make it easier for consumers to pay bills.
ACI Speedpay and InComm Payments’ VanillaDirect Pay will enable consumers to follow the account provider’s process to get a barcode printed, scanned from a website. It can also be sent to their phone through text or via ACI’s moBills digital wallet feature.
This barcode payment token can be used at over 60,000 participating retail agents pay their bills, including utilities, higher education, cable, and insurance, using appropriate amount of cash.
InComm Payments senior vice president Tim Richardson said: “Together with ACI, we are enhancing the customer payment experience by providing an easy, safe and convenient payment option for customers looking to use cash.
“By offering alternatives for consumers to make cash payments, we are not only helping to improve the payment experience but driving financial inclusion as well.”
Said to be an integrated suite of bill presentment and payment services, ACI Speedpay caters to customers across various verticals, including government, consumer finance, healthcare, insurance, telco and cable, education, subscriptions, and utilities.
The solution’s mobile wallet billing and payment capability is claimed to enhance consumer experience while minimising the costs.
ACI Worldwide executive vice president Sanjay Gupta said: “As digital payments proliferate across the bill payment industry, it is important to provide a cash payment option for those who lack the means to make digital payments.
“Our partnership with InComm Payments has made this possible through this innovative barcode payment feature that consumers can use to pay their bills with cash.”
Last month, ACI Worldwide announced that it is offering its real-time payments solution to Thailand’s local switch company, National Interbank Transaction Management and Exchange (ITMX).