The concept behind the PayScan® system is simple: Payments should be a seamless part of normal retail sales. Paying a bill should be as easy as – buying a can of soup. In other words, bill payments belong in the checkout lane at a large chain retailer, using the retailer’s normal sales process and existing bar code scanners.
Scan the bill, pay the balance, get a receipt. Obvious. Intuitive. Easy.
The PayScan® solution dovetails with today’s normal retail flow. The bill is scanned and processed at the register, just like a coupon or a preference card. The payment is documented on a normal sales receipt.
This is the logical way to make bill payments – on a shopping trip. That’s how we deal with today’s banking, postal, and other errands. Bill payment should be no different.
For those who currently make in-person payments every month, this is a huge improvement. But it helps everybody, even those who rarely pay in person today. We all have some bills that are either impossible or inconvenient to pay by mail or via the Internet. Today, many people have no idea where they might pay a bill in person; they simply accept postal delays or Internet payment requirements. For others, current in-person payment options are too remote, inconvenient, or expensive. Look at the numbers: just 6% of bills are paid in person, yet 35% of households pay some bills in person – an untapped market.
Being able to pay at the local grocery or drugstore changes things. The PayScan® retail payment service solves a problem many consumers don’t even realize they have. But when they need to make a payment in person, they will be pleased and grateful.
