Bill payment kiosks offer an fast and secure way for cash-preferred consumers to stay on top of their bills 24 hours a day, 7 days a week. Along with grocery stores, mobile phone service centers and other retail outlets, these bill payment machines can be placed in the lobby of any type of business that accepts regular payments for secure transactions in unattended settings (EMV compliant).
Not only do these kiosks assist those consumers in managing their bills with no wait lines, they also allow those organizations to reallocate staffing to more value-add activities (vs manual task of bill payments) and reduce overhead costs by lowering the need for dedicated payment centers. And as a bonus, bill payment kiosks can help increase foot traffic in the locations where they are placed.
Consumers need a convenient way of paying their bills using cash.
- More than 6% of U.S. households, or a total of 14.1 million American adults, are unbanked, according to the Federal Deposit Insurance Corporation.
- Despite the prevalence of debit and credit cards, 25% of U.S. consumers still pay their bills with cash, checks, or money orders.
- With many bill payment systems, payments post instantly and consumers avoid paying extra fees.
KIOSK platforms deliver secure, EMV and PCI DSS 3.2 compliant payments, reducing fraud liability with McAfee Security. KIOSK provides a licensed bill payment flow with market-ready applications modules. Flexible hardware models support integration of a full range of payment transaction components. KIOSK provides proven platforms and turnkey managed services to facilitate the fastest and most secure path to market.