Financial Services Offer Payment Services via Cell Phone
Tue Dec 20, 2005 11:43 am
Cell phone users without bank accounts will now be able to pay over 3,000 bills directly from their handsets thanks to a revolutionary new partnership between SVC Financial Services Inc. and Ameracash Solutions Inc. SVC, a leading provider of secure mobile transaction technologies, today announced the delivery of Scoot Mobile Money technology for bill paying services provided by Ameracash and its innovative VPAY Electronic Payment Solutions platform.
"Scoot is the most secure technology available for mobile banking, even for those without a bank account," said Chris Haigh, President and CEO of SVC. "Through this unique partnership with Ameracash, hard working members of the cash economy will be able to pay their bills quickly and easily without ever having to stand in line."
SVC's cutting-edge mobile banking technology, Scoot Mobile Money, integrates virtually any cell phone with prepaid ATM cards that offer a wide range of capabilities. Scoot allows anyone with a cell phone to store, send, receive and transact funds anywhere in the world.
"Ameracash is pleased that un-banked and under-banked consumers will now have an additional mechanism with which to safely, securely and easily pay their monthly bills," said Marc Keller, EVP, Ameracash. "Our goal is to be the bill payment company of choice for the un-banked and under-banked consumer for all types of payment - including traditional cash-paying consumers, debit card users and kiosk users. We believe the cell phone-enabled Scoot customer will be the biggest user of all."
Scoot-enabled ATM cards can be loaded with cash at over 600 Ameracash retail locations in the United States. Customers may request an additional friends and family card for cost-effective money transfers and funds management. No bank account is required to acquire a card and card use requires one simple activation step to connect it to a customer's cell phone number. Scoot-enabled cards are usable at over 1 million ATM locations in the United States and with 5.5 million merchants.
