About PayScan America Inc.
PayScan America, Inc. develops technology for bill payment and other financial applications. PayScan’s patents, which date to 2000, solve major problems related to automated bill payment – enabling the first barcoded bill payment solution suitable for use in U.S. retail checkout lanes.
PayScan America, Inc. has designed a true retail bill payment solution – the only practical in-lane technology for integrating in-person bill payments with today’s normal retail experience.
- Retailers want to tap the enormous market of 19+ billion bills paid annually; but only an in-lane, scanner-based solution is practical for widespread retail use.
- Billers want to reduce their payment processing costs, especially for customers who prefer not to pay by check or credit card; and they want to let their customers make in-person payments at convenient locations.
- Consumers want more payment options, at familiar store locations, without having to depend on checkbooks and Internet connections to pay bills.
PayScan America, Inc. was founded by Louis J. Krouse, one of the nation’s foremost authorities on consumer payments. He and his strong management team boast decades of payment processing experience, having built several generations of payment systems (including the first electronic bill payment system at retail, launched in the 70s).
Today’s PayScan® solution is both simple and sophisticated. Our patented technology lets normal retail checkout scanners read bar-coded bills, to generate and process reliable payment transactions.
Yet bill payments are just a first step. The PayScan® system enables a range of follow-on financial services, all leveraging the same basic idea of automated funds transfers, driven by payments in the checkout lane.
We believe that inexpensive payments and related financial services should be available to all consumers, not just to big companies. The PayScan® approach puts a democratic spin on any kind of financial transaction, returning payment transactions to their original, logical home – the neighborhood marketplace.
