Coinstar solution lets consumers pay bills with cash

Coinstar, a provider of self-service coin counting kiosks, and doxo, a web and mobile bill payment solution, have partnered to provide a cash bill pay service to consumers via thousands of Coinstar kiosks in high-traffic retail locations, according to a press release.

Consumers will be able to pay bills including utilities, phone, cable and car insurance using cash at up to 7,000 Coinstar kiosks by the end of the year. Payers can choose from doxo's crowd-sourced directory of more than 45,000 local and national billers.

Any biller can participate and benefit by expanding their cash payment locations to include Coinstar kiosks. The Coinstar network creates greater convenience for customers while reducing the burden and expense of receiving cash payments at physical billers' offices, the release said.

In addition, doxo-network billers can streamline accounts receivable and increase on-time payments. A dashboard allows billers to review real-time customer payments data and receive direct daily deposits and reconciliation files.

Topics: Distributors / ISO / IAD, Transaction Processing, Vault Cash / Cash Management

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