US-based PAYe Network is set to launch a new payment solution, PAYeCASH, at the upcoming ATMIA US Conference 2014 that will be held from 11-13 February at Lowes Royal Pacific Resort at Universal Studios, Orlando, Florida.
The patent pending solution brings closer online and mobile payments channels and bricks-and-mortar payment systems.
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Earlier, both ATM and point-of-sale (POS) network operators provided card based payments with little scope of generating additional revenue. Additionally, the new payment methods evolved as alternative payment closed-loop systems.
The new solution by PAYe Network thus allows ATM and POS network operators to perform the transactions with ease and safely, by upgrading the terminals with a simple software that aids in generating revenue streams.
With the PAYeCASH solution, ATM and POS operators can accept cash pay-ins or provide cash pay-out services. Also, it meets the state, federal and international AML and CRF regulatory standards.
