News

Transaction Management announces development of bill-payment kiosks

October 25, 2004

FORT WORTH, Texas and Fajardo, Puerto Rico - Transaction Management showcased its new Pay All Bills Here self-service kiosk technology to check cashers at the annual Financial Service Centers of America conference.

The Pay All Bills Here self-service terminal resembles an ATM, according to a news release, and allows individuals without a bank account to pay bills for utilities and cellular services, to name a few.

According to the release, the kiosk is designed to assist the 24.1 percent of U.S. households that do not maintain bank accounts (according to a study completed by Celent) in paying their bills more efficiently.

The bill-payment feature of the system is powered by the Web-based tool known as EmpaSys, an electronic bill-payment solution from Security Bank. According to the release, the platform enables a merchant to act as a payment agent, allowing walk-in customers to pay any or all of their bills at merchant locations.

The system is built on WebRaiser Technologies' total self-service platform, which, according to Transaction Management CEO Larry Scudder, allows Transaction Management to reach out to its partners and "quickly add their services to the machines."

"It (Pay All Bills Here) is providing our merchants the functionality necessary to deliver more services so their customers can truly experience a one-stop shop," Scudder added in the release.

As well as providing bill payment services, the terminal shown in Fajardo, Puerto Rico, offered a number of other services, including the issuance of prepaid Visa cards, long distance and cellular PIN codes and wireless Internet access.

Scudder said he expects rollout of the terminals to begin in November and continue for the next 15 months. According to the release, TMLLC has already received orders and commitments for more than 8,000 of the terminals in the United States and Puerto Rico.