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March 2, 2021

ACI Worldwide ties up with InComm Payments to digitise cash payments

By Johney Amala

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.

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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).

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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