Cash Payment System facilitates processing at retail checkouts.October 3, 2011 -
Swipe2Pay(TM) enables any retailer to process cash payment for any card at any time with existing POS infrastructure. Card issuers, banks, billers, and retailers can offer added choice, speed, and convenience for their customers by enabling them to pay, load, or deposit cash to over 1 billion cards - credit, debit, prepaid, gas, store, gift - at virtually any retail location. Solution offers nearly instant payment posting with real-time confirmation delivered via SMS text.
Original Press release
Fuze Network
2150 South 1300 East, Suite 515
Salt Lake City, UT, 84106
USA
Fuze Network Launches Swipe2Pay at Finovate: Enables Easy Cash Payments on Virtually Any Card at Retail Checkouts
Industry-First Solution Revolutionizes Walk-In Bill Payment: Now Live At Over 2,500 Retail Locations Across the U.S.
SALT LAKE CITY and NEW YORK -- Fuze Network, Inc., an innovative payments technology company dedicated to easing the burden of making cash payments for consumers, billers and retailers today announced the launch of a revolutionary cash payment solution called Swipe2Pay(TM) at Finovate Fall 2011, a premier event showcasing the latest innovations in financial technology. The first ever offering of its kind, Swipe2Pay enables any retailer to process a cash payment for any card at any time with their existing point of sale (POS) infrastructure.
Increasing numbers of consumers prefer to pay their bills and other purchases with cash, since it's often the easiest, most efficient way to make a payment. Typically, these services require complicated forms which often take time and money to process and result in misdirected funds and unnecessary inconvenience. With Swipe2Pay, card issuers, banks, billers and retailers can offer added choice, speed, and convenience for their customers by enabling them to easily pay, load or deposit cash to over 1 billion cards in the United States - from credit, debit, prepaid, gas, store, gift cards and more - at virtually any retail location using their existing POS terminals. All it takes is the card and cash, and consumers can swipe for nearly instant payment posting with real-time confirmation delivered via SMS text. No more cumbersome forms. No more complicated codes. Just unparalleled speed, convenience and accessibility.
Implementing Swipe2Pay could not be easier for retailers, since it uses the same steps already in place to load and process cash payments on in-store cards. Swipe2Pay's user-friendly technology seamlessly integrates into any existing POS infrastructure with little to no start-up costs and no new equipment or training required. Plus, one low and consistent convenience fee for any card type means consumers know what they're paying, every transaction, every time - whether putting cash on a card or paying off a balance.
"Swipe2Pay is a game changer in the walk-in bill payment industry - offering unmatched speed and convenience to benefit consumers as much as retail merchants and billers. What better venue than Finovate to introduce Swipe2Pay to the world," said Fuze Network founder and CEO Dave Wilkes.
Over 25,000 additional big box retailers, regional chains, convenience stores, and check-cashing centers across the country are already committed to launching Swipe2Pay in the coming weeks and months.
Fuze BillPay Card
Fuze is also proud to introduce the all-new BillPay Card, making it easier for consumers to make in-store cash payments on recurring bills from virtually any vendor. Simply walk into one of Fuze's over 100,000 retail locations nationwide and swipe, to have cash payment applied to auto finance, rent and wireless bills to satellite TV, internet service, utilities and more. Fuze partners with individual billers to create a branded BillPay card, offering an added touchpoint to consumers to offer rewards and benefits along with increased convenience and payment control. Fuze can also help billers identify frequent/likely cash paying customers, and mail them a branded BillPay card along with simple instructions to get them started on instantly paying their bill from anywhere.
For more information on Swipe2Pay, visit www.swipe2pay.com. More information on Fuze Network's full suite of payment solution products, including the all-new Fuze BillPay Card, can be found by visiting www.fuzenetwork.com.
About Fuze Network
Fuze Network is a payments technology company providing merchants and billers with dramatically low-cost options for their customers to find and make payments at over 17,000 banks and 100,000 retail locations nationwide. Founded by payment industry experts and driven by innovation, Fuze Network is dedicated to systematically changing the way bills can be paid, to the benefit of consumers as much as service providers, by injecting speed, simplicity, and convenience into the process. Find more information at www.fuzenetwork.com or call 888-FUZE-TEAM (888-389-3832).
CONTACT: Sarah Bender, +1-609-279-0050, ext. 106, sarah@resoundmarketing.com
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