News

  • Dec 17, 2014
    Tech Innovators Help Bring Health Care to Hard-to-Reach Consumers

    This week, HHS announced an innovative collaboration efforts with tech firms PayNearMe, Monster.com, and Peers.org, to bring important Open Enrollment information low-income and other traditionally hard-to-reach communities.

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  • Dec 12, 2014
    7-Eleven printing health care reminders

    The government teamed up with the electronic cash transactions company PayNearMe to reach more people during the open enrollment period going on now.

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  • Dec 11, 2014
    PayNearMe partners with Washington to promote the Health Insurance Marketplace to the underbanked

    With Open Enrollment season fast approaching for the Affordable Care Act, the federal Department of Health and Human Services (HHS) is turning to Silicon Valley to more effectively reach eligible consumers. Later today at a live event in Washington, DC, HHS Secretary Sylvia Matthews Burwell will announce a partnership with electronic cash payments company PayNearMe aimed at reaching the un- and under-banked.

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  • Dec 11, 2014
    HHS uses 7-Eleven receipts to remind people to sign up for HealthCare.gov

    The Department of Health and Human Services will promote HealthCare.gov at the bottom of some 7-Eleven receipts in an effort to reach demographics that could be uninsured, the department announced Thursday.

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  • Oct 27, 2014
    Utilities companies gain streamlined cash payment collection through Bill2Pay and PayNearMe partnership

    Technology Integration digitizes cash payments to save time while freeing up in-person payment center resources.

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  • Sep 25, 2014
    Money: Is It the New Digital Divide?

    In a broadcast interview with Bloomberg West, PayNearMe Founder and CEO Danny Shader discusses company’s solutions for cash in a digital world.

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  • Jul 31, 2014
    PayNearMe Dispels Myths About Underbanked Consumers

    When Kumar informs executives and managers that over 28 percent of U.S. households — more than 68 million adults — do not have a checking account or simply rely on alternative financial services, some refute those statistics as being overinflated. “The reaction I get is normally surprise,” Kunal said. “Most people that I come across — even people who work in subprime-related targets — are usually relatively surprised by the magnitude of that population in the United States.

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  • Jul 02, 2014
    Fintech: financial technology startups to watch

    From Kifiya which makes transactions more affordable in Kenya, to PayNearMe, which helps Americans pay their rent remotely – fintech is increasing access to financial services.

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  • Jun 05, 2014
    Innovation Shouldn’t Shut Out Cash Payers

    A new digital divide is emerging for the millions of Americans without a bank account or who pay for goods and services with cash—and technology will be key to bridging it. It is not just cash consumers who can find themselves on the wrong side of the divide—businesses that fail to meet the needs of the cash-preferred population are also missing out on opportunities to increase their market share.

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  • Jun 02, 2014
    Cash Is Still King

    In April, the Federal Reserve released a paper called the “Diary of Consumer Payment Choice” (DCPC) that featured some startling results. The study found that cash remains the most popular mode of payment for several expense categories, including including food, transportation, government payments, and vehicle-related spending.

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  • May 27, 2014
    New child support payment options available

    There is now an easier way for nearly 52,000 people to pay child support in Nebraska. The Nebraska State Treasurer’s Office is working with PayNearMe for people to be able to make cash payments electronically. Nebraska is the first state with this payment option.

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  • May 27, 2014
    Nebraska to Use PayNearMe to Accept Cash Child Support Payments

    The Nebraska State Treasurer’s office has partnered with PayNearMe to allow residents who prefer cash a way to make online payments.

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  • May 27, 2014
    The Sharing Economy Comes To The Financial Services Industry: What Airbnb, Uber and oDesk can teach us about innovation

    Though their outsourcing and sharing of real estate with other businesses, banks (either knowingly or unknowingly) have dabbled in the Sharing Economy. PayNearMe (where I work, for full disclosure) takes it a step further by offering billers, government agencies and online businesses the option to accept cash payments at retail locations across the U.S.

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  • May 16, 2014
    Three Types of Disruptors Banks Need to Watch

    All are examples of mainstream banks turning to tech entrepreneurs, even disruptors, to help them better compete in the digital age. As banks look to modernize their designs and customer experiences, they are buying, poaching talent from, or working with digital-first companies that are perceived to be more in touch with consumer demands. Their challenge, of course, is figuring out which technologies have the most promise, or might pose the biggest threat to their business models. If they see the threats as legitimate, their next decision is whether to try to beat the upstarts or team up with them.

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  • Mar 29, 2014
    It’s startups vs. Goliaths in a death match for a multibillion dollar market

    Square, Stripe, YapStone and PayNearMe headline a jostling crowd of startups, dozens of them aiming to streamline how money changes hands. New entrants join every week, while giants such as Facebook, Apple, Amazon and Google top a list of big companies that already have substantial payments operations or who have signaled a move in that direction.

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  • Mar 25, 2014
    Frustration with online sales spurs innovation

    There is even a start-up, PayNearMe, working to let customers in convenience stores pay cash to settle bills they usually pay by cheque or wire transfer.

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  • Mar 05, 2014
    PayNearMe: Bringing Convenience to the Financially Underserved

    Every day, it seems, there’s a news story about hidden bank fees or household debt. Less reported is how hard it is to get by without plastic in the United States. Many utility providers, landlords and more don’t accept cash payments, so consumers who are unwilling or unable to open a bank account or take out a credit card have to pay for money orders or spring for potentially costly prepaid debit cards. But though nearly 30% of American households are un- or underbanked, few payment startups have tackled the issue.

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  • Mar 20, 2014
    Self-Storage Software Provider E-SoftSys Partners With PayNearMe Cash-Transaction Network

    E-SoftSys, a provider of self-storage management software, has partnered with PayNearMe to integrate the electronic cash-transaction network’s cash-payment option into its Self Storage Manager (SSM) software program. The solution will enable SSM users to accept cash payments via an electronic network.

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  • Mar 05, 2014
    GWP officials call payments at 7-Eleven stores a success

    With the success of a new program that allows Glendale Water & Power customers to pay their bills at any 7-Eleven, store officials aim to reduce visits to in-house cashiers by 5% — a welcome shift as the cash-strapped department continues to pare back spending.

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  • Feb 28, 2014
    Payments: the next frontier

    Square, Stripe, YapStone and PayNearMe headline a jostling crowd of startups, dozens of them aiming to streamline how money changes hands. “It’s exciting times for the payments business. After all, everybody has to get paid,”…

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  • Feb 10, 2014
    PayNearMe Raises Big Bucks and Scores Major Deal with Family Dollar Stores

    As many as 100 million cash-dependent customers are in danger of being left behind by the movement of transactions to digital channels. PayNearMe solves this problem : “We make cash payments look like an electronic form of tender,” Shader said.

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  • Feb 07, 2014
    PayNearMe Pursues Health Care Payments

    Cash transaction provider PayNearMe is among the growing list of payment companies that are anxiously awaiting the higher volume of transactions that will result from the Affordable Care Act.

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  • Feb 07, 2014
    PayNearMe Raises $20M For Next-Gen Cash Service

    In an interview, PayNearMe CEO Danny Shader said that the company was well positioned to reach out to consumers, noting deals with Family Dollar and 7-Eleven put the service right in the hands of potential customers. “We now think we have the best footprint in the country,” Shader remarked. “But it’s not places like liquor stores; it’s well-lit establishments.”

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  • Feb 06, 2014
    After tripling year-on-year, PayNearMe raises $20M to build out its payments network for cash-only Americans

    Shader adds that there are more Family Dollar stores than there are 7-Elevens, and they often are in places that 7-Elevens aren’t. For example, there are no 7-Elevens in Atlanta. More importantly to PayNearMe’s merchant partners, these retailers are well known and trustworthy. By contrast, many of Western Union and MoneyGram’s payment locations are off-brand bodegas and corner stores, Shader says – not exactly the type of place companies like Greyhound, Tupperware, FIS, Infosend, and Ford Motor Credit want to direct customers with a wad of cash.

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  • Feb 06, 2014
    PayNearMe nabs $20M to bring cash-lovers into the digital economy

    PayNearMe said it experienced the strongest growth in rent, utility agencies, and auto-lending. Property management companies such as AppFolio and RentPaidOnline have integrated PayNearMe, as have nine California utility agencies, and the hundreds of financial institutions that use loan servicing software from Shaw Systems, Megasys, and Nortridge Software Company.

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  • Feb 06, 2014
    PayNearMe bags $20M after tripling 2013 payment volume

    In the last year, PayNearMe expanded into rent payments, utilities, and even auto lending. PayNearMe CEO Danny Shader says that auto lending is doing particularly well, growing faster than PayNearMe’s overall business, which is already growing at a rate of 3x per year.

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  • Feb 06, 2014
    Cash-Based Payments Network PayNearMe Raises $20M Series E, Expands Via Family Dollar Partnership

    Nobody has really innovated on their behalf in 20 or 30 years,” explains Danny Shader. “We’ve come along and made these transactions faster and cheaper,” he says, “but the biggest limitation we had was footprint.” Through 7-Eleven and ACE Cash Express, PayNearMe had a good reach, but not a great one. Now, that changes – especially because Family Dollar stores tend to be located in areas where 7-Eleven is not.

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  • Jan 10, 2014
    Peer-to-Peer Lending Gets Real With a P2P ATM

    PayNearMe, which allows customers to use cash to make payments that would ordinarily only be feasible using cards or checking accounts, also operates in the space serving cash-dependent customers.

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  • Dec 24, 2013
    Silicon Valley’s Secret CEO Whisperer

    Who else is a good leader? Campbell ticked off a number of names, including Mike McCue at Flipboard, Twitter’s Dick Costolo, Apple’s Sheila Kilbride, Danny Shader of PayNearMe, Justin Kitch at Curious.com and Chegg’s Dan Rosensweig.

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  • Dec 11, 2013
    PayNearMe, Nortridge Partner to Handle Risky Cash Payments

    For PayNearMe, auto loans are a natural fit for its primary business, which allows consumers to pay rent and utility bills at convenience store locations. “The retail locations that any lender has may be limited, so this gives consumers a number of locations where they can pay,” says Kunal Kumar, vice president of business development for PayNearMe.

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  • Dec 05, 2013
    Cash Only

    We created PayNearMe because the existing options for handling cash and cash-alternatives are not simple, secure or convenient. Accepting cash and money orders at the leasing office is a security risk. Drop boxes are unreliable. Manually counting cash and reconciling money orders is time-consuming, error-prone, and inefficient.

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  • Nov 20, 2013
    HyperWallet integrates with PayNearMe cash-transaction network

    HyperWallet Systems Inc., a leading provider of global payment solutions, today announced that it is integrating its payment services with the PayNearMe electronic cash-transaction network.

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  • Nov 14, 2013
    PayNearMe and RentPaid Online Partner to Make Cash Payments Easy

    RentPaidOnline®, a multifamily housing rent payment provider, announced that the company has expanded its online platform to include cash payment capability through a partnership with PayNearMe, the electronic cash transaction network. This new service makes it remarkably simple for property management companies that use RentPaidOnline to accept cash payments from their residents.

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  • Nov 08, 2013
    Helix water bills can be paid for at 7-Eleven stores

    Helix Water District has partnered with electronic funds transfer network PayNearMe so district customers will be able to pay water bills with cash at most 7-Eleven convenience stores. The program allows cash payments without requiring a trip to the water district’s administration office in La Mesa, a boon for customers of the 50-square mile district, which encompasses La Mesa, El Cajon, Lemon Grove, Spring Valley and part of unincorporated El Cajon.

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  • Nov 05, 2013
    Quippi, The International Shopping Card, Launches To Help Immigrants In The U.S. Support Their Families Abroad

    “Consumers today are looking for quick, convenient and secure options that help them make the most of their money,” said Kunal Kumar, VP of Business Development at PayNearMe. “Just as we make people’s lives easier by allowing them to pay for online purchases with cash at thousands of 7-Eleven and ACE Cash Express locations across the U.S., Quippi is breaking down barriers by making it convenient for consumers to help their loved ones and share their financial resources across borders.”

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  • Sep 30, 2013
    See you at the 7-Eleven (with my water bill)

    So, Fairfield needed a spot to drop off cash payments that was open weekends and late nights and wasn’t restrictive to an 8-5 business schedule. Convenience stores seemed like the perfect solution and now, through a partnership that brings in PayNearMe (a company that has an established cash transaction network with 7-Eleven) and InfoSend (the billing provider for Fairfield), it’s a valuable option to cash customers. (The city estimates that over five percent of their customers paid their bills in cash through this partnership in 2012.)

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  • Aug 15, 2013
    The Underbanked don’t need banks anymore!

    With the introduction of mobile financial options, more and more people are opting out of traditional bank accounts and turning to the myriad of financial options that are becoming available as an alternative to traditional checking accounts. Between pre-paid debit cards, gift cards, Western Union accounts, Paypal, pre-paid cell phones, mobile wallets available, social payment systems, the PayNearMe service, and Peer 2 Peer lending taking off, people can avail themselves of all the benefits of banking without having to enter a bank branch or deal with fussy application procedures and small print fees.

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  • Jul 12, 2013
    Remote Deposit Capture for Cash? Check Out PayNearMe’s Solution

    “PayNearMe can help banks manage cash receivables for corporate Treasury Management accounts. This allows banks to act as funds managers, but reduces their need to deal with the retail management side of handling cash.”

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  • Jul 08, 2013
    Now pay your utility bill in cash with PayNearMe

    “Since its founding in 2010, PayNearMe has been blazing new inroads to help businesses and organizations address this population by answering the question of how to digitize cash payments. Now, PayNearMe is announcing that it has teamed up with water districts in five California cities to allow customers to pay their water bills in cash. Now, California residents in Fairfield, Glendale, Tracy, Padre Dam, and Santa Rosa will be able to pay their utility bills at their nearest 7-Eleven.”

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  • Feb 06, 2013
    Turning cash into online payments for the unbanked

    “Historically, banking alternatives have charged high fees for their services, often because consumers had few alternatives. But companies like PayNearMe are hoping to fill this void and offer consumers increased convenience at a fair price.”

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  • Jan 29, 2013
    Some renters want to pay in cash

    “Accepting cash rent is never the greatest idea. Paper money is a liability for property managers and renters. But some renters want to pay in cash. Now both groups can win with PayNearMe Express, a new self-service system from the cash transaction network.”

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  • Jan 23, 2013
    Cash-based payment platform PayNearMe lands funding from Maveron

    “PayNearMe allows merchants to accept cash payments from remote users at 7-Eleven or ACE Cash Express stores. It just announced a new feature called PayNearMe Express, which is a self-serve system for merchants like property managers and collection agencies to accept cash.”

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  • Jan 22, 2013
    PayNearMe cozies up to $10 million

    “Not everyone has access to a credit or debit card, yet in this increasingly digital world, that can pose a significant challenge to both individuals and business owners. PayNearMe is a cash transaction network that makes it possible for businesses to accept cash remotely for goods or services.”

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  • Jan 21, 2013
    Pay Anyone With Cash — Even When They’re Miles Away

    “Square changed the game for small businesses by letting anyone easily take credit cards. Now PayNearMe founder and CEO Danny Shader says he’s doing the same for cash.”

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  • Jan 21, 2013
    Banks’ Pain Is Startups’ Gain

    “Based in Sunnyvale, California, PayNearMe is building an entirely new payment system geared toward the Americans who don’t have credit or debit cards. Since mid-2010, PayNearMe has let consumers purchase goods online, pay loans and buy bus tickets by going to their local 7-Eleven and using cash.”

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  • Jan 21, 2013
    PayNearMe Raises $10 Million Series D; Launches Self-Serve Platform To Allow Any Business Accept Remote Cash Payments

    “PayNearMe…focuses on bringing an alternative payment mechanism to under-banked and unbanked here in the U.S. The company works with business partners both online and off, which provide consumers with a payment slip which they can either print out or access on their mobile phone.”

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  • Jan 21, 2013
    PayNearMe raises $10M, adds self-serve option to its cash payment network

    “The Internet has fundamentally changed the way commerce is done — that is, for the 75 percent of the population with access to credit cards and checking accounts. For the remaining 25 percent, America’s un- and underbanked, cash is a way of life, meaning that ecommerce is not. August Capital partner Dave Hornik describes this as the ‘second class Internet.”

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  • Jan 21, 2013
    PayNearMe raises $10M and launches self-service system

    “PayNearMe, the company that’s giving cash a comeback, is expanding and bringing on a new investor. The company announced Tuesday that it’s launching PayNearMe Express, a new self-service system that will allow any business to sign up to begin accepting cash payments.”

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  • Jan 21, 2013
    PayNearMe Adds Self-Service System for Online Payments with Cash

    “While the rest of the industry focuses on technology to replace cash, PayNearMe knows many people still use cash and wants to help these consumers make online payments easier with its new PayNearMe Express service.”

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  • Jan 21, 2013
    VC’s pour dollars into cash customers

    “A startup that serves the ‘under-banked’ or ‘unbanked’ is proving to be attractive to the highly banked members of the venture capitalist industry. Today, PayNearMe, a cash-based payments platform that lets people pay for merchandise and services remotely with cash, announced a $10 million Series D round of funding led by August Capital.

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Press Releases

  • Dec 11, 2014
    Department of Health and Human Services announces partnership with PayNearMe to encourage consumers to visit Health Insurance Marketplace

    Every PayNearMe receipt generated at U.S. 7-Eleven locations encourages sign up for health insurance coverage

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  • Oct 27, 2014
    Utilities Companies Gain Streamlined Cash Payment Collection Through Bill2Pay and PayNearMe Partnership

    Technology integration digitizes cash payments to save time while freeing up in-person payment center resources

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  • Sep 30, 2014
    Silicon Valley Company PayNearMe Hires Former NAACP Senior Advisor to Lead Government Affairs

    Jotaka Eaddy joins ranks of high profile policy and advocacy leaders working to bridge the gap between Washington and Silicon Valley

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  • Sep 08, 2014
    ManageAmerica and PayNearMe Partner to Streamline Cash Payments for Manufactured Housing Operators

    New technology integration digitizes cash to make payment reconciliation effortless and decrease fraud risk

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  • Aug 19, 2014
    SMI and PayNearMe Improve Payment Collections for Government Agencies

    Customers of SMI’s government agencies now have a same-day electronic cash payment option available at 17,000 US retail locations

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  • Jun 17, 2014
    SAFCo and PayNearMe Partner to Offer New Payment Options for Borrowers

    Affordable same-day cash payment option now available to borrowers at 17,000 payment locations nationwide

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  • May 27, 2014
    Nebraska's Treasurer Stenberg Announces New Cash Option to Pay Child Support Electronically with PayNearMe

    Nebraska Is First State to Use Innovative Option for Child Support Payments

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  • Mar 20, 2014
    PayNearMe Helps the Majority of Nation's Self-Storage Operators Easily Accept Automated Cash Payments

    Partnership with E-SoftSys Enables Direct Integration of PayNearMe’s Cash Transaction Network into Self Storage Manager Software. StoragePRO Becomes First Customer to Use New Integrated Cash Payment Solution

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  • Feb 06, 2014
    PayNearMe Triples its Payment Volume in 2013

    Company Raises $20M To Accelerate Growth. Expansion into Key Categories and Pursuit of New Markets Strengthens PayNearMe’s Leadership Position

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  • Dec 11, 2013
    PayNearMe and Nortridge Software Partner to Provide Lenders Ability to Receive Cash Payments at 10,000 Locations Nationwide

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  • Nov 19, 2013
    hyperWALLET to Integrate with PayNearMe to Offer Cash-Payment Acceptance Options

    HyperWallet Systems Inc., a leading provider of global payment solutions, today announced that it is integrating its payment services with the PayNearMe electronic cash-transaction network.

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  • Nov 14, 2013
    RentPaidOnline® Teams with PayNearMe to Enhance its Web-based Payment Platform with Innovative Electronic Cash Payment Capability

    Residents to benefit from the convenience of making a quick and secure payment at almost 10,000 locations nationwide and have their payment posted immediately

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  • Sep 21, 2013
    US Storage Centers and PayNearMe Unveil Convenient Electronic Cash Payments for Self-Storage Tenants

    Tenants Can Pay With Cash at Nearly 10,000 Locations Nationwide, Most of Which Are Open 24x7

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  • Sep 18, 2013
    PayNearMe and Megasys Join Forces to Give Lenders a Better Way to Accept Cash Remotely

    Electronic cash payment option now available to 600,000 borrowers. Borrowers gain network of nearly 10,000 payment locations where their accounts can be credited immediately

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  • Jul 08, 2013
    Water Districts in Five California Cities Select PayNearMe as Easy, Convenient Way to Pay Utility Bills with Cash

    Fairfield, Glendale, Padre Dam, Santa Rosa and Tracy to Offer Residents the Option to Make Utility Payments in Cash 24/7

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  • May 29, 2013
    PAYNEARME AWARDED BEST OF SHOW AT FINOVATESPRING 2013

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  • Apr 11, 2013
    PayNearMe and Shaw Systems Partner to Enable Convenient Cash Acceptance Technology

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Events

  • Nov 17, 2014
    NMHC Operations Tech show, Orlando, FL
  • Nov 02, 2014
    Money2020, Las Vegas
  • Nov 02, 2014
    AFP (Association of Finance Professionals) Annual Conference, Washington D.C.
  • Oct 27, 2014
    Mobile & Tablet Gambling Summit USA, Atlantic City, New Jersey