“By adding debit and prepaid card payments, we are reaching a broader segment of consumers who are looking for convenience and a faster way to manage and pay their bills,” said Steve Taylor, CEO for PreCash. “Evolve Money offers the ultimate in flexibility. Users can pay each bill with cash, or a different payment card. They can pay them all at once, or one at a time, and they can pay more than 10,000 bills for free, or choose express payment for only $1.50 to avoid an expensive late fee.”
The application accepts Visa and MasterCard branded debit and prepaid cards. Consumers can easily add cash to Evolve Money by purchasing REloaditPacks for USD3.95 or Evolve Pay BucksPINs for USD3 at tens of thousands of retail locations.
“Now that Evolve Money accepts debit in addition to cash, it will go a long way in helping a majority of consumers who are busy paying more than 14 billion bills each year,” said Taylor. “It takes average consumers 30 minutes or more each month to pay bills. Evolve Money is a simple, convenient solution that can cut that time down to minutes, so they have time to do the things that really matter most.”
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.