10 Things You Didn’t Know About the Underbanked [INFOGRAPHIC]

magnifying-glass Over 50 million U.S. adults do not have a traditional bank account, and, despite representing a whopping $1 trillion in buying power, America’s underbanked consumers are often pushed to the wayside by businesses who erroneously perceive them as an under-employed, under-educated, and under-motivated. The reality is that the majority are born in the U.S., college

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Our Anti-Money Laundering Philosophy

exchanging cash hands As a company that offers cash payment options to consumers for a wide variety of goods and services, PayNearMe is in a unique position to help those consumers solve the real problem of lack of purchasing access. Unbanked and underbanked consumers in particular can and should be able to make payments for anything using cash,

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The Role of Cash in Internet Gaming

cash payments with PayNearMe Currently, three states have legalized some forms of Internet-based, real-money gaming: Nevada, New Jersey and Delaware. In each, the decision to legalize was preceded by extensive debate, then followed by the creation of an extensive regulatory framework that tightly controls entry into the industry, and is intended to foster responsible gaming practices by both operators

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Communication, Education & Accuracy – Lessons from the Post-Enrollment Operations for Health Insurance Exchanges Summit

doctor holding smartphone with medical app With a host of stakeholders that range from government agencies and insurance carriers to health-care providers and consumers, ACA reform can only be successful if all parties adhere to the three pillars of working with entities of different agendas: communication, education and accuracy of information. The 3 Pillars 1) Break down communication barriers across divisions

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Who are Millennials and Why do They Matter to Auto Lenders?

millennials When thinking about a typical auto buyer, Millennials (aka “Generation Y”, or those born between 1980 and the early 2000s) don’t typically come to mind. So why are they such a hot topic in the auto-lending industry? Millennials already comprise 25 percent of the population today, and they will be the majority of the U.S.

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Win a Free Vacation & Save $40K in Rent Collection Costs

Sweepstakes Property management can be a stressful business. Today, we are bringing you two things to make your lives a little easier: an example of how you can save money while still taking on new properties, and the opportunity to simply escape from rent collection for a while with a free vacation to Hawaii with our Stress-Free Sweepstakes! 1)

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3 Methods for Successful Healthcare Billing

health-heart-stethoscope An estimated 30 percent (or $328B) of all provider revenue came out of patients’ own pockets in 2012, and with patient financial responsibility on the rise due to high deductible and high co-insurance plans, collecting on these payments continues to be a hot issue for the health care industry. In fact, improving consumer billing and

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How changing your collection methods can improve cash flow

improving cash flow Maximizing profits was the theme for this year’s EUCI 12th Annual Credit & Collections conference in New Orleans, which I attended with Tim Fox, our national sales manager for the utility and municipality business unit here at PayNearMe. But official theme or not, maximizing profits has always been a focus for municipalities and utility companies

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Cash is Still King

hands exchanging cash A new Federal Reserve report dispels the myth that cash is dead. There are between 60 million and 100 million cash-preferring consumers in the U.S. That’s about the population of the nation’s four largest states – California, Texas, New York and Florida– combined. In April, the Federal Reserve released a paper called the “Diary of Consumer Payment Choice”

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New PROMAS payment file for PayNearMe property managers

property manager No one looks forward to more work at the end of the day. For property managers, reconciling payments is a difficult and time consuming process, and we’ve had many come to us asking how we can help make this process easier through their PROMAS property management software account. We’re happy to share that as a

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