ACI Worldwide & InComm Payments partner to digitize cash payments through barcode payment token

By Pavithra R

ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, and InComm Payments, a leading payments technology company, has announced entering into a partnership to digitize cash payments through the use of a barcode payment token offering a seamless experience for consumers to pay bills.

Cash payment is essential for some consumers, such as the unbanked or underbanked populations. With ACI Speedpay and InComm Payments’ VanillaDirect Pay, consumers will follow the account provider’s process to get a barcode printed, scanned from a website, or sent to their phone via text or through ACI’s moBills digital wallet feature. Consumers can then use this barcode payment token in more than 60,000 participating retail agents with the appropriate amount of cash, including any convenience fee, and pay their bills. 

“Together with ACI, we are enhancing the customer payment experience by providing an easy, safe and convenient payment option for customers looking to use cash. By offering alternatives for consumers to make cash payments, we are not only helping to improve the payment experience but driving financial inclusion as well,” said Tim Richardson, senior vice president, InComm Payments.

ACI Speedpay is an integrated suite of bill presentment and payment services that empowers customers across multiple verticals, including Consumer Finance, Education, Healthcare, Insurance, Government, Telco and Cable, Subscriptions, and Utilities. It’s mobile wallet billing, and payment capability improves consumer experience while reducing costs.

“As digital payments proliferate across the bill payment industry, it is important to provide a cash payment option for those who lack the means to make digital payments. Our partnership with InComm Payments has made this possible through this innovative barcode payment feature that consumers can use to pay their bills with cash,” said Sanjay Gupta, executive vice president, ACI Worldwide.

Established in 1975, ACI Worldwide powers electronic payments for more than 6,000 organizations around the world. Through its comprehensive suite of software solutions delivered on customers’ premises, through the public cloud or through ACI’s private cloud, the company provide real-time payment capabilities and enable omni-channel payments experience.