InComm unveils Cashtie

For example, Cashtie enables e-commerce and bill payment software providers to add cash payment options to their existing applications. With Cashtie, partners can provide companies with the ability to let consumers pay in cash for their utility bills, loans, online purchases and more at nearby retail locations. Cashtie customers can leverage InComm’s global retail network, turning points of retail distribution into a cash payment location with no additional POS integration required.

To get started, providers need to sign up for the API and build their application. They can then leverage InComm’s existing integrations with retailers to enable cash transaction at the POS. Consumers who want to pay in cash when purchasing a product online or paying their utility bill have the option to do so by printing out a bar code or displaying it on their smartphone and taking it to any cash register within an InComm-integrated retail location. Providers are notified in real-time once a service or product is paid for at the cash register; they also receive other information, including payment location.

In recent news, InComm, a prepaid services company, has acquired virtual e-gift card company Giftango to extend its reach into e-commerce gift card sales and distribution.