In the news

These are recent news stories from around the internet, relating to the latest developments and improvements of PayNearMe.

September 25, 2014

Money: Is It the New Digital Divide?

In a broadcast interview with Bloomberg West, PayNearMe Founder and CEO Danny Shader discusses company’s solutions for cash in a digital world.

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July 31, 2014

PayNearMe Dispels Myths About Underbanked Consumers

When Kumar informs executives and managers that over 28 percent of U.S. households — more than 68 million adults — do not have a checking account or simply rely on alternative financial services, some refute those statistics as being overinflated. “The reaction I get is normally surprise,” Kunal said. “Most people that I come across — even people who work in subprime-related targets — are usually relatively surprised by the magnitude of that population in the United States.

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July 02, 2014

Fintech: financial technology startups to watch

From Kifiya which makes transactions more affordable in Kenya, to PayNearMe, which helps Americans pay their rent remotely - fintech is increasing access to financial services.

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June 05, 2014

Innovation Shouldn't Shut Out Cash Payers

A new digital divide is emerging for the millions of Americans without a bank account or who pay for goods and services with cash—and technology will be key to bridging it. It is not just cash consumers who can find themselves on the wrong side of the divide—businesses that fail to meet the needs of the cash-preferred population are also missing out on opportunities to increase their market share.

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June 02, 2014

Cash Is Still King

In April, the Federal Reserve released a paper called the “Diary of Consumer Payment Choice” (DCPC) that featured some startling results. The study found that cash remains the most popular mode of payment for several expense categories, including including food, transportation, government payments, and vehicle-related spending.

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May 27, 2014

The Sharing Economy Comes To The Financial Services Industry: What Airbnb, Uber and oDesk can teach us about innovation

Though their outsourcing and sharing of real estate with other businesses, banks (either knowingly or unknowingly) have dabbled in the Sharing Economy. PayNearMe (where I work, for full disclosure) takes it a step further by offering billers, government agencies and online businesses the option to accept cash payments at retail locations across the U.S.

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May 27, 2014

Nebraska to Use PayNearMe to Accept Cash Child Support Payments

The Nebraska State Treasurer's office has partnered with PayNearMe to allow residents who prefer cash a way to make online payments.

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May 27, 2014

New child support payment options available

There is now an easier way for nearly 52,000 people to pay child support in Nebraska. The Nebraska State Treasurer's Office is working with PayNearMe for people to be able to make cash payments electronically. Nebraska is the first state with this payment option.

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May 16, 2014

Three Types of Disruptors Banks Need to Watch

All are examples of mainstream banks turning to tech entrepreneurs, even disruptors, to help them better compete in the digital age. As banks look to modernize their designs and customer experiences, they are buying, poaching talent from, or working with digital-first companies that are perceived to be more in touch with consumer demands. Their challenge, of course, is figuring out which technologies have the most promise, or might pose the biggest threat to their business models. If they see the threats as legitimate, their next decision is whether to try to beat the upstarts or team up with them.

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March 29, 2014

It's startups vs. Goliaths in a death match for a multibillion dollar market

Square, Stripe, YapStone and PayNearMe headline a jostling crowd of startups, dozens of them aiming to streamline how money changes hands. New entrants join every week, while giants such as Facebook, Apple, Amazon and Google top a list of big companies that already have substantial payments operations or who have signaled a move in that direction.

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March 25, 2014

Frustration with online sales spurs innovation

There is even a start-up, PayNearMe, working to let customers in convenience stores pay cash to settle bills they usually pay by cheque or wire transfer.

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March 20, 2014

Self-Storage Software Provider E-SoftSys Partners With PayNearMe Cash-Transaction Network

E-SoftSys, a provider of self-storage management software, has partnered with PayNearMe to integrate the electronic cash-transaction network’s cash-payment option into its Self Storage Manager (SSM) software program. The solution will enable SSM users to accept cash payments via an electronic network.

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March 05, 2014

PayNearMe: Bringing Convenience to the Financially Underserved

Every day, it seems, there’s a news story about hidden bank fees or household debt. Less reported is how hard it is to get by without plastic in the United States. Many utility providers, landlords and more don’t accept cash payments, so consumers who are unwilling or unable to open a bank account or take out a credit card have to pay for money orders or spring for potentially costly prepaid debit cards. But though nearly 30% of American households are un- or underbanked, few payment startups have tackled the issue.

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March 05, 2014

GWP officials call payments at 7-Eleven stores a success

With the success of a new program that allows Glendale Water & Power customers to pay their bills at any 7-Eleven, store officials aim to reduce visits to in-house cashiers by 5% — a welcome shift as the cash-strapped department continues to pare back spending.

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February 28, 2014

Payments: the next frontier

Square, Stripe, YapStone and PayNearMe headline a jostling crowd of startups, dozens of them aiming to streamline how money changes hands. “It’s exciting times for the payments business. After all, everybody has to get paid,”...

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February 10, 2014

PayNearMe Raises Big Bucks and Scores Major Deal with Family Dollar Stores

As many as 100 million cash-dependent customers are in danger of being left behind by the movement of transactions to digital channels. PayNearMe solves this problem : “We make cash payments look like an electronic form of tender,” Shader said.

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February 07, 2014

PayNearMe Raises $20M For Next-Gen Cash Service

In an interview, PayNearMe CEO Danny Shader said that the company was well positioned to reach out to consumers, noting deals with Family Dollar and 7-Eleven put the service right in the hands of potential customers. “We now think we have the best footprint in the country,” Shader remarked. “But it’s not places like liquor stores; it’s well-lit establishments.”

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February 07, 2014

PayNearMe Pursues Health Care Payments

Cash transaction provider PayNearMe is among the growing list of payment companies that are anxiously awaiting the higher volume of transactions that will result from the Affordable Care Act.

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February 06, 2014

Cash-Based Payments Network PayNearMe Raises $20M Series E, Expands Via Family Dollar Partnership

Nobody has really innovated on their behalf in 20 or 30 years,” explains Danny Shader. “We’ve come along and made these transactions faster and cheaper,” he says, “but the biggest limitation we had was footprint.” Through 7-Eleven and ACE Cash Express, PayNearMe had a good reach, but not a great one. Now, that changes – especially because Family Dollar stores tend to be located in areas where 7-Eleven is not.

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February 06, 2014

After tripling year-on-year, PayNearMe raises $20M to build out its payments network for cash-only Americans

Shader adds that there are more Family Dollar stores than there are 7-Elevens, and they often are in places that 7-Elevens aren’t. For example, there are no 7-Elevens in Atlanta. More importantly to PayNearMe’s merchant partners, these retailers are well known and trustworthy. By contrast, many of Western Union and MoneyGram’s payment locations are off-brand bodegas and corner stores, Shader says – not exactly the type of place companies like Greyhound, Tupperware, FIS, Infosend, and Ford Motor Credit want to direct customers with a wad of cash.

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February 06, 2014

PayNearMe bags $20M after tripling 2013 payment volume

In the last year, PayNearMe expanded into rent payments, utilities, and even auto lending. PayNearMe CEO Danny Shader says that auto lending is doing particularly well, growing faster than PayNearMe’s overall business, which is already growing at a rate of 3x per year.

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February 06, 2014

With a Fresh $20 Million, PayNearMe Looks to Make Cash Payments Easier Than Ever

So while a lot of payments-industry innovation is focused on substituting plastic cards with our phones, a startup called PayNearMe, which just landed a $20 million round of financing, is concentrating on what it believes is a bigger problem. They are aiming to make cash an easier payment method for transactions you wouldn’t think possible.

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February 06, 2014

PayNearMe nabs $20M to bring cash-lovers into the digital economy

PayNearMe said it experienced the strongest growth in rent, utility agencies, and auto-lending. Property management companies such as AppFolio and RentPaidOnline have integrated PayNearMe, as have nine California utility agencies, and the hundreds of financial institutions that use loan servicing software from Shaw Systems, Megasys, and Nortridge Software Company.

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January 10, 2014

Peer-to-Peer Lending Gets Real With a P2P ATM

PayNearMe, which allows customers to use cash to make payments that would ordinarily only be feasible using cards or checking accounts, also operates in the space serving cash-dependent customers.

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December 24, 2013

Silicon Valley's Secret CEO Whisperer

Who else is a good leader? Campbell ticked off a number of names, including Mike McCue at Flipboard, Twitter's Dick Costolo, Apple's Sheila Kilbride, Danny Shader of PayNearMe, Justin Kitch at Curious.com and Chegg's Dan Rosensweig.

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December 11, 2013

PayNearMe, Nortridge Partner to Handle Risky Cash Payments

For PayNearMe, auto loans are a natural fit for its primary business, which allows consumers to pay rent and utility bills at convenience store locations. "The retail locations that any lender has may be limited, so this gives consumers a number of locations where they can pay," says Kunal Kumar, vice president of business development for PayNearMe.

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December 05, 2013

Cash Only

We created PayNearMe because the existing options for handling cash and cash-alternatives are not simple, secure or convenient. Accepting cash and money orders at the leasing office is a security risk. Drop boxes are unreliable. Manually counting cash and reconciling money orders is time-consuming, error-prone, and inefficient.

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November 20, 2013

HyperWallet integrates with PayNearMe cash-transaction network

HyperWallet Systems Inc., a leading provider of global payment solutions, today announced that it is integrating its payment services with the PayNearMe electronic cash-transaction network.

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November 14, 2013

PayNearMe and RentPaid Online Partner to Make Cash Payments Easy

RentPaidOnline®, a multifamily housing rent payment provider, announced that the company has expanded its online platform to include cash payment capability through a partnership with PayNearMe, the electronic cash transaction network. This new service makes it remarkably simple for property management companies that use RentPaidOnline to accept cash payments from their residents.

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November 08, 2013

Helix water bills can be paid for at 7-Eleven stores

Helix Water District has partnered with electronic funds transfer network PayNearMe so district customers will be able to pay water bills with cash at most 7-Eleven convenience stores. The program allows cash payments without requiring a trip to the water district’s administration office in La Mesa, a boon for customers of the 50-square mile district, which encompasses La Mesa, El Cajon, Lemon Grove, Spring Valley and part of unincorporated El Cajon.

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November 05, 2013

Quippi, The International Shopping Card, Launches To Help Immigrants In The U.S. Support Their Families Abroad

"Consumers today are looking for quick, convenient and secure options that help them make the most of their money," said Kunal Kumar, VP of Business Development at PayNearMe. "Just as we make people's lives easier by allowing them to pay for online purchases with cash at thousands of 7-Eleven and ACE Cash Express locations across the U.S., Quippi is breaking down barriers by making it convenient for consumers to help their loved ones and share their financial resources across borders."

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September 30, 2013

See you at the 7-Eleven (with my water bill)

So, Fairfield needed a spot to drop off cash payments that was open weekends and late nights and wasn’t restrictive to an 8-5 business schedule. Convenience stores seemed like the perfect solution and now, through a partnership that brings in PayNearMe (a company that has an established cash transaction network with 7-Eleven) and InfoSend (the billing provider for Fairfield), it’s a valuable option to cash customers. (The city estimates that over five percent of their customers paid their bills in cash through this partnership in 2012.)

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August 15, 2013

The Underbanked don't need banks anymore!

With the introduction of mobile financial options, more and more people are opting out of traditional bank accounts and turning to the myriad of financial options that are becoming available as an alternative to traditional checking accounts. Between pre-paid debit cards, gift cards, Western Union accounts, Paypal, pre-paid cell phones, mobile wallets available, social payment systems, the PayNearMe service, and Peer 2 Peer lending taking off, people can avail themselves of all the benefits of banking without having to enter a bank branch or deal with fussy application procedures and small print fees.

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July 12, 2013

Remote Deposit Capture for Cash? Check Out PayNearMe's Solution

"PayNearMe can help banks manage cash receivables for corporate Treasury Management accounts. This allows banks to act as funds managers, but reduces their need to deal with the retail management side of handling cash."

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July 08, 2013

Now pay your utility bill in cash with PayNearMe

"Since its founding in 2010, PayNearMe has been blazing new inroads to help businesses and organizations address this population by answering the question of how to digitize cash payments. Now, PayNearMe is announcing that it has teamed up with water districts in five California cities to allow customers to pay their water bills in cash. Now, California residents in Fairfield, Glendale, Tracy, Padre Dam, and Santa Rosa will be able to pay their utility bills at their nearest 7-Eleven."

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February 06, 2013

Turning cash into online payments for the unbanked

"Historically, banking alternatives have charged high fees for their services, often because consumers had few alternatives. But companies like PayNearMe are hoping to fill this void and offer consumers increased convenience at a fair price."

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January 29, 2013

Some renters want to pay in cash

"Accepting cash rent is never the greatest idea. Paper money is a liability for property managers and renters. But some renters want to pay in cash. Now both groups can win with PayNearMe Express, a new self-service system from the cash transaction network."

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January 23, 2013

Cash-based payment platform PayNearMe lands funding from Maveron

"PayNearMe allows merchants to accept cash payments from remote users at 7-Eleven or ACE Cash Express stores. It just announced a new feature called PayNearMe Express, which is a self-serve system for merchants like property managers and collection agencies to accept cash."

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January 22, 2013

PayNearMe cozies up to $10 million

"Not everyone has access to a credit or debit card, yet in this increasingly digital world, that can pose a significant challenge to both individuals and business owners. PayNearMe is a cash transaction network that makes it possible for businesses to accept cash remotely for goods or services."

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January 21, 2013

VC's pour dollars into cash customers

"A startup that serves the 'under-banked' or 'unbanked' is proving to be attractive to the highly banked members of the venture capitalist industry. Today, PayNearMe, a cash-based payments platform that lets people pay for merchandise and services remotely with cash, announced a $10 million Series D round of funding led by August Capital.

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January 21, 2013

PayNearMe Adds Self-Service System for Online Payments with Cash

"While the rest of the industry focuses on technology to replace cash, PayNearMe knows many people still use cash and wants to help these consumers make online payments easier with its new PayNearMe Express service."

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January 21, 2013

PayNearMe raises $10M and launches self-service system

"PayNearMe, the company that’s giving cash a comeback, is expanding and bringing on a new investor. The company announced Tuesday that it’s launching PayNearMe Express, a new self-service system that will allow any business to sign up to begin accepting cash payments."

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January 21, 2013

Paynearme launches paynearme express, adds 10m to prove cash is king

"...PayNearMe has a similar goal of helping people pay for items in cash that would traditionally require a bank account or a credit card. Today the company is debuting PayNearMe Express, a new feature to help businesses of any size accept cash remotely for goods or services."

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January 21, 2013

PayNearMe now letting more types of business accept cash for online payments

"Payment network PayNearMe has announced a new service that expands its reach to additional businesses. PayNearMe Express adopts the same model as the existing remote cash payment service — customers can either print off a receipt or get one sent to their phone and take it to a 7-Eleven or ACE Cash Express to pay — but is suited for situations like rent, lending, collections, education, and insurance."

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January 21, 2013

PayNearMe raises $10M, adds self-serve option to its cash payment network

"The Internet has fundamentally changed the way commerce is done — that is, for the 75 percent of the population with access to credit cards and checking accounts. For the remaining 25 percent, America’s un- and underbanked, cash is a way of life, meaning that ecommerce is not. August Capital partner Dave Hornik describes this as the 'second class Internet.'"

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January 21, 2013

PayNearMe Raises $10 Million Series D; Launches Self-Serve Platform To Allow Any Business Accept Remote Cash Payments

"PayNearMe...focuses on bringing an alternative payment mechanism to under-banked and unbanked here in the U.S. The company works with business partners both online and off, which provide consumers with a payment slip which they can either print out or access on their mobile phone."

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January 21, 2013

Banks’ Pain Is Startups’ Gain

"Based in Sunnyvale, California, PayNearMe is building an entirely new payment system geared toward the Americans who don’t have credit or debit cards. Since mid-2010, PayNearMe has let consumers purchase goods online, pay loans and buy bus tickets by going to their local 7-Eleven and using cash."

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January 21, 2013

Pay Anyone With Cash — Even When They’re Miles Away

"Square changed the game for small businesses by letting anyone easily take credit cards. Now PayNearMe founder and CEO Danny Shader says he’s doing the same for cash."

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October 17, 2012

PayNearMe Partners With AppFolio

PayNearMe (formerly Kwedit), a cash-based payments network, is today announcing a partnership with property management software maker AppFolio. This deal will allow tenants to pay their rent using cash at nearby 7-Eleven or ACE Cash Express stores at any time of day or night.

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April 25, 2012

PayNearMe launches a mobile cash payment system

PayNearMe, a cash payment system that lets users pay for online purchases, bills and bus tickets at 7-Eleven stores, now offers a fully mobile payment option.

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April 25, 2012

A Serial Entrepreneur Banks On Helping The 'Unbanked'.

While the concept of “food deserts” has fallen into question, there’s still no doubt that many impoverished neighborhoods are the banking equivalent of the Mojave.

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April 25, 2012

Mobile Launch: PayNearMe Lets Consumers Pay Cash for Online Goods

Users can now pay in cash using a scanable barcode on their smartphone

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April 25, 2012

PayNearMe launches mobile solution for cash payments

Users can now pay in cash using a scanable barcode on their smartphone

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April 25, 2012

PayNearMe Takes Cash Payments System Mobile

PayNearMe, an alternative payments product that provides a compelling way for the ‘unbanked’ to use cash payments for online goods, is debuting its first mobile integration today.

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August 30, 2011

PayNearMe and InfoSend Give Fairfield Residents New Cash Utility Payment Options

PayNearMe, an alternative payments product from the company formerly known as Kwedit, provides a compelling way for the 'unbanked' to use cash payments for online goods.

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May 11, 2011

Web pioneer's new company makes it easier to pay bills with cash

Danny Shader made his first fortune founding a company that made it easier to pay for stuff on the Internet. He hopes to make his next by making it easier for working-class folks without bank accounts to pay cash for things closer to home.

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May 10, 2011

PayNearMe expands platform with 4 initiatives

PayNearMe, the cash payment solution that allows users to make online transactions with cash, is announcing a bundle of new initiatives today, and what they all point to is the versatility of PayNearMe’s platform, which seems to be brimming with endless possibilities.

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May 10, 2011

Cash Payment Network to Build Traffic, Dollars for 7-Eleven

PayNearMe, a Silicon Valley-based cash payment network, today announced four new initiatives with 7-Eleven that will provide consumers with an easier and quicker way to purchase transportation tickets, pay their utility bills, transfer money and make cash payments for international mobile top-up services. The new services are expected to drive traffic, as well as generate commission-related income, for the Dallas-based convenience store chain.

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May 10, 2011

PayNearMe Expands Payment Options to the Unbanked

We’ve talked a fair amount about payments, but that’s often in the context of people who have credit cards and smartphones. But what about the 1/4 of households that don’t use credit cards?

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May 10, 2011

PayNearMe's Cash Payments Product Can Now Be Used For Money Transfers, Bill Pay And More

We’ve frequently covered PayNearMe, an alternative payments product from the company formerly known as Kwedit, because its compelling services for the unbanked.

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May 10, 2011

PayNearMe Targets 'Underbanked' Americans

For the 25 percent of Americans who lack credit or debit cards, a startup called PayNearMe wants to make paying utility bills or transferring money as easy as buying a Slurpee at 7-Eleven.

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May 10, 2011

PayNearMe's Expands Its Cash Payment Network Internationally

Start-up PayNearMe is bringing its cash payment network to bus tickets, utility bills payments, international money transfers and mobile account transfers.

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December 23, 2010

Shop on the Web Without a Credit Card

PayNearMe CEO Danny Shader on how to pay cash for online purchases.

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December 23, 2010

Bloomberg Television reports on PayNearMe

Bloomberg Television's Cory Johnson reports on PayNearMe, a provider of alternative payment systems that let consumers purchase virtual goods without a credit or debit card.

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December 23, 2010

How PayNearMe Wants to Make Cash Cool Again

For just a minute, forget about futuristic stuff, like waving your mobile phone to pay for things. This Mountain View, Calif.-based company is trying to make cash cool again.

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November 22, 2010

Name Isn't All That's Changed at the Former Kwedit

Tilono Corp., Kwedit's inventor, has rebranded both the company and Kwedit Direct as PayNearMe, and has retargeted the service to focus less on e-commerce and more on...

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November 22, 2010

How To Shove Cash Into A Computer

Daniel Shader's latest venture, called PayNearMe, lets consumers without credit cards make electronic purchases using cash at their nearby 7-Eleven.

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November 16, 2010

PayNearMe Goes Mobile, Lands $16M to Buy Online Goods With Cash

The cash payment service PayNearMe, formerly known as Kwedit, announced today that it has grabbed another $16 million in funding and is launching a new mobile payment option.

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November 16, 2010

PayNearMe Rings Up $16M From Khosla And Others For Cash Payments Product

PayNearMe, an alternative payments product from the company formerly known as Kwedit, has just raised $16 million in funding led by Khosla Ventures...

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November 16, 2010

Mobile Payments Come to PayNearMe

PayNearMe’s new feature is the ability to use a phone to complete the transaction.

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November 16, 2010

PayNearMe raises $16M, goes mobile

In September, PayNearMe introduced its revolutionary new payment system which allows any user to make payments for online purchases or loan repayments

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November 16, 2010

Khosla Ventures has given its seal of approval to payment service PayNearMe

Tilono Corp., doing business as PayNearMe, has raised $16 million in Series C financing led by new investor Khosla Ventures as it launches a new card to make it easier for people to pay for online transactions with cash.

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October 06, 2010

Betting that cash makes a comeback

Now a Mountain View, CA-based company called PayNearMe is making an aggressive move that is designed to reach the 25% of U.S. households who do not own credit or debit cards.

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October 06, 2010

PayNearMe Launches Cash Payment Service at 7-Eleven Locations

Don’t have a credit card? Not a problem. That’s the mantra of PayNearMe, a service that makes it easier for consumers to make cash purchases remotely.

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October 06, 2010

Finovate focus: Reaching the millions of unbanked

PayNear Me touts itself as a less-costly alternative to prepaid cards and their attendant fees. The program lets individuals order items or experiences online and pay for them in cash at one of 6,200 participating 7-Elevens, without the use of a credit or debit card.

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September 15, 2010

Kwedit becomes PayNearMe, launches today

Online shopping is a big business, and many companies can attest to the fact that giving customers the option to shop online generates a lot of revenue. But what if a large chunk of your customers don't have credits cards?

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September 15, 2010

7-Eleven Customers Can Pay Bills with Cash

Working with PayNearMe, 7-Eleven is offering consumers the chance to pay for ecommerce purchases, telephone orders, loan repayments and load funds into e-wallets -- with cash.

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September 15, 2010

PayNearMe: a new payment service near you

If you don't have a credit card but you want to shop on the Internet, then you might be the perfect customer for a new product called PayNearMe.

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September 15, 2010

PayNearMe Refreshes Kombini Payments For The US

Meanwhile, back in the U.S., the payments start-up formerly known as Kwedit has garnered a lot of attention for its Kwedit Promise payment method that was designed for teens as a way to pay for online games and virtual goods.

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September 14, 2010

PayNearMe Expands Its Payment Platform Beyond Credits

A month after we wrote about PayNearMe’s new option for Facebook users to pay for Credits at their local 7-Eleven, the company’s business plan has become significantly more official: it’s announcing the launch of a full platform today, along with partnerships with virtual currency company Super Rewards, Friendster owner MOL, Amazon.com, Lexicon and several financial services.

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September 14, 2010

Alternative to credit cards comes to 7-Eleven stores

Many consumers across the country take on credit card debt to pay for monthly expenses and other purchases, but there are some who are locked out of the financial system for one reason or another.

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September 14, 2010

PayNearMe Launches Cash Payment System With 7-Eleven; Signs Up Amazon, Facebook

In August, we wrote about PayNearMe, an alternative payments product from the company formerly known as Kwedit. For background, Kwedit launched another payment product earlier this year, to much controversy. But this one could be a winner; PayNearMe has already signed up a number of high-profile merchants and is launching today to the public.

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September 30, 2014

Silicon Valley Company PayNearMe Hires Former NAACP Senior Advisor to Lead Government Affairs

Jotaka Eaddy Joins Ranks of High Profile Policy and Advocacy Leaders Working to Bridge the Gap between Washington and Silicon Valley

September 08, 2014

ManageAmerica and PayNearMe Partner to Streamline Cash Payments for Manufactured Housing Operators

New technology integration digitizes cash to make payment reconciliation effortless and decrease fraud risk

August 19, 2014

SMI and PayNearMe Improve Payment Collections for Government Agencies

Customers of SMI’s government agencies now have a same-day electronic cash payment option available at 17,000 US retail locations

June 17, 2014

SAFCo and PayNearMe Partner to Offer New Payment Options for Borrowers

Affordable same-day cash payment option now available to borrowers at 17,000 payment locations nationwide

May 27, 2014

Nebraska's Treasurer Stenberg Announces New Cash Option to Pay Child Support Electronically with PayNearMe

Nebraska Is First State to Use Innovative Option for Child Support Payments

March 20, 2014

PayNearMe Helps the Majority of Nation's Self-Storage Operators Easily Accept Automated Cash Payments

Partnership with E-SoftSys Enables Direct Integration of PayNearMe’s Cash Transaction Network into Self Storage Manager Software. StoragePRO Becomes First Customer to Use New Integrated Cash Payment Solution

February 06, 2014

PayNearMe Triples its Payment Volume in 2013

Company Raises $20M To Accelerate Growth. Expansion into Key Categories and Pursuit of New Markets Strengthens PayNearMe’s Leadership Position

November 19, 2013

hyperWALLET to Integrate with PayNearMe to Offer Cash-Payment Acceptance Options

HyperWallet Systems Inc., a leading provider of global payment solutions, today announced that it is integrating its payment services with the PayNearMe electronic cash-transaction network.

November 14, 2013

RentPaidOnline® Teams with PayNearMe to Enhance its Web-based Payment Platform with Innovative Electronic Cash Payment Capability

Residents to benefit from the convenience of making a quick and secure payment at almost 10,000 locations nationwide and have their payment posted immediately

September 21, 2013

US Storage Centers and PayNearMe Unveil Convenient Electronic Cash Payments for Self-Storage Tenants

Tenants Can Pay With Cash at Nearly 10,000 Locations Nationwide, Most of Which Are Open 24x7

September 18, 2013

PayNearMe and Megasys Join Forces to Give Lenders a Better Way to Accept Cash Remotely

Electronic cash payment option now available to 600,000 borrowers. Borrowers gain network of nearly 10,000 payment locations where their accounts can be credited immediately

July 08, 2013

Water Districts in Five California Cities Select PayNearMe as Easy, Convenient Way to Pay Utility Bills with Cash

Fairfield, Glendale, Padre Dam, Santa Rosa and Tracy to Offer Residents the Option to Make Utility Payments in Cash 24/7

October 17, 2012

PAYNEARME AND APPFOLIO TO PROVIDE INTEGRATED CASH PAYMENT SOLUTION TO PROPERTY OWNERS

Leading Web-based Property Management Software Provider to Offer Convenient Cash Payment Option to Thousands of Property Owners.

April 25, 2012

PAYNEARME INTRODUCES FIRST MOBILE CASH PAYMENT SYSTEM

Early Adopters Greyhound and Progreso Financiero Provide Greater Convenience to Cash Customers Nationwide.

February 07, 2012

PAYNEARME HELPS AMS BILLING SERVICES STREAMLINE TENANTS' UTILITY BILL PAYMENTS

Property Owners Served by AMS Can Now Accept Cash Payments from Residents 24/7 at 6,400 Participating 7-Eleven Stores Nationwide.

December 12, 2011

AS HOLIDAYS NEAR, PAYNEARME AND ISEND SIMPLIFY GIVING FOR U.S. CUSTOMERS WITH FRIENDS AND FAMILY IN MEXICO

Innovative Partnership Enables Purchase at 7-Eleven of PIN Codes Redeemable at Leading Mexican Appliance and Electronics Retailer Elektra.

December 08, 2011

PAYNEARME INTRODUCES PAYNEARME AUTO TO HELP BUY HERE PAY HERE DEALERSHIPS IMPROVE CASH COLLECTION RATES

Dealers Can Now Accept Cash Payments from Customers 24/7 at 6,400 Participating 7-Eleven Stores Nationwide.

August 30, 2011

PAYNEARME AND INFOSEND GIVE FAIRFIELD RESIDENTS NEW CASH UTILITY PAYMENT OPTIONS

City of Fairfield becomes first municipal utility to implement PayNearMe's Embedded Barcode Remittance (EBR) technology.

July 12, 2011

PAYNEARME ANNOUNCES EASIER, MORE CONVENIENT NEIGHBORHOOD DEBT-REPAYMENT WITH CASH

RJM Acquisitions LLC First to Offer Simplified Debt Repayment at 6,300 7-Eleven Stores Nationwide.

May 13, 2011

PAYNEARME AWARDED BEST OF SHOW AT FINOVATESPRING 2011

PayNearMe Inc., the cash payment network, announced it has been selected for a “Best of Show” award at this year’s FinovateSpring conference.

May 10, 2011

RIA FINANCIAL, 7-ELEVEN, INC. AND PAYNEARME TEAM TO BRING EASIER, FASTER, BILL-PAYMENT AND MONEY-TRANSFER SERVICES TO CONSUMERS ACROSS THE UNITED STATES

Now Consumers Can Pay Bills or Send Money in Seconds, Conveniently at 5,000 Neighborhood 7-Eleven Stores.

May 10, 2011

PAYNEARME ENABLES CASH PAYMENTS FOR INTERNATIONAL MOBILE TOP-UP AND VALUE REMITTANCE

Using PayNearMe, Sochitel becomes first provider for direct, international prepaid account cash top-ups at U.S. 7-Eleven, Inc. stores.

May 10, 2011

PAYNEARME TURNS THOUSANDS OF CONVENIENCE STORES INTO TRANSPORTATION TICKETING OFFICES

Transportation providers use PayNearMe's cash payment network to sell tickets at thousands of convenience stores nationwide.

May 10, 2011

PAYNEARME ANNOUNCES AVAILABILITY OF EMBEDDED BARCODE REMITTANCE (EBR) TECHNOLOGY ENABLING CASH PAYMENT INTEGRATION FOR PRINTED BILLS

InfoSend becomes first billing aggregator to embed PayNearMe Barcode on bills using EBR.

November 16, 2010

PAYNEARME EXPANDS CASH PAYMENT NETWORK TO ENABLE MOBILE PAYMENTS

PayNearMe, the cash payment network, today announced a mobile option for consumers who prefer to pay cash for e-commerce purchases, loan re-payments, e-wallet loads and a wide variety of other everyday transactions.

November 16, 2010

PAYNEARME SECURES $16 MILLION IN FUNDING TO EXPAND ITS CASH PAYMENT NETWORK

PayNearMe, the cash payment network, today announced that it has closed a $16 million round of financing led by Khosla Ventures.

October 13, 2010

MOL ADDS PAYNEARME'S CASH PAYMENT NETWORK; ENABLES ASIAN PAYMENT SYSTEMS GIANT TO EASILY EXPAND REACH TO THE US

PayNearMe and MOL AccessPortal (MOL) today announced that MOL, a leading payment service provider for games, content and services, is now offering PayNearMe to its customers to enable virtual goods purchases using cash at thousands of convenient retail lo

October 07, 2010

PAYNEARME AWARDED BEST OF SHOW AT FINOVATEFALL 2010

Payment network and application platform enables consumers to pay for remote transactions with cash.

September 15, 2010

PAYNEARME ANNOUNCES REAL-TIME CASH PAYMENT SYSTEM THAT ENABLES WIDE RANGE OF BUSINESSES TO SERVE CONSUMERS WHO PREFER CASH

PayNearMe today announced the launch of its new cash payment network and technology platform.

2012

May

11

FinovateSpring 2011, San Francisco, CA

18-20

NABD, Las Vegas, NV

June

8-10

6th Annual Underbanked Financial Services Forum, New Orleans, LA

20-23

NIADA's Annual Convention and Expo, Las Vegas, NV

July

13-15

ACA International, Dallas TX

September

13-15

DCS, Las Vegas, NV

Facts and Figures

The following statistics are collected from research conducted by various independent sources, showing the benefits of PayNearMe.

Pie
More than 28% of U.S. households are un- or under-banked.
Credit_card
Just 68% of U.S. families had a credit card in 2010, down from 73% in 2007.
Underbanked
68 million adults living in the U.S. are un- or under-banked.
Best
54% of U.S. adults cite cash as their preferred form of payment.