REPAY Expands eCash Payment Acceptance Capabilities for Bill Pay and Loan Installments
Digital cash acceptance simplifies the cash payment process to increase customer satisfaction and on-time payments
Leveraging eCash, REPAY bridges the gap between online and cash payments to simplify the payment experience and improve accessibility for the underbanked community and those who prefer to pay using cash. Consumers select eCash at checkout to generate a barcode which they take to the nearest participating retail location for the retailer to scan and accept the cash. Once the transaction is completed through a financial network utilized by REPAY, the funds are deposited to the client and the payment is automatically posted, streamlining reconciliation to offer lenders increased efficiencies.
eCash offers additional benefits for lenders, including increased payment volume and on-time payments, enhanced security, reduced chargebacks and improved customer satisfaction. Further, because the retailer handles all cash management, there are fewer risks and lower costs to cash transactions for the lender.
As a leader in the transformation of integrated digital payments, REPAY continues to expand and enhance its solutions for all networks that send and receive funds.
“REPAY is committed to improving the payment experience for our clients and their customers by delivering innovative solutions that support evolving payment preferences,” said
For more information about REPAY’s platform, visit www.REPAY.com.
REPAY provides integrated payment processing solutions to verticals that have specific transaction processing needs. REPAY’s proprietary, integrated payment technology platform reduces the complexity of electronic payments for clients, while enhancing the overall experience for consumers and businesses.
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