||PayNearMe operates the world's only real-time electronic cash payment network. It is used by financial institutions, utilities companies, property managers and other businesses to digitize the cash collection process--eliminating the risks and operational costs of handling cash as well as other manual collection methods such as money orders.
Consumers can conveniently pay with cash for rent, utilities, online purchases and more in their own neighborhood stores. PayNearMe's network of payment locations includes over 17,000 7-ElevenÂ® and Family DollarÂ® stores across the United States, many of which are open 24/7. The transaction takes less than 60 seconds. There are no forms to fill out, and the consumer's account with the biller is credited in real time.
At the core of PayNearMe is a flexible technology platform that's designed to accommodate endless number of payment use-cases, as well as multiple integration and configuration options enabling businesses in any industry to start offering PayNearMe with minimal technical effort and no business process reengineering. With its proprietary embedded barcode technology, PayNearMe supports mobile, web, printed, magnetic card and in-bill (EBPP) payment options.