MINNEAPOLIS, Minn., May 08, 2017 (GLOBE NEWSWIRE) -- Digiliti Money, Inc. (NASDAQ:DGLT), a leading mobile financial technology provider, has been selected as a photo bill pay provider by Fidelity Express, a provider of money orders, walk-in bill payment and other POS financial services.
Fidelity Express currently processes more than half a million walk-in bill payment transactions per month for consumers who visit their neighborhood payment locations in supermarkets, convenience stores and other retailers in 19 states.
Digiliti Money will integrate its Select Mobile™ Bill Pay platform image recognition technology into Fidelity Express’ existing bill pay system to provide clerks with a quick, easy way to process their customers’ bill payments. With the snap of a high-quality, digital image, transaction details are securely captured from a consumer’s bill stub and transmitted for processing. Select Mobile Bill Pay automatically extracts relevant data from the image and auto-populates the fields required in a bill payment application, eliminating the time and hassle of manual data entry.
“We see this new solution providing a much better experience for our merchants and their customers,” said K. Neal Barker, Fidelity Express director of sales and marketing. “It will streamline and expedite the bill pay process, cutting the average bill pay transaction time by more than half, thereby allowing us to dramatically increase our processing capacity.”
“Mobile bill pay can be one of most challenging and complex functions for service providers to deploy,” said Digiliti Money President and CEO Jeffrey Mack. “For leading alternative financial solutions providers like Fidelity Express, we help overcome these challenges, while saving the time and expense associated with offering bill pay services to their customers.”
The importance of convenient financial service has grown tremendously due to the unpredictable economy and the increasing number of new Americans. According to the FDIC, as many as nine million U.S. citizens do not have bank accounts, which means cash transactions continue to increase at the point of purchase.
The 34 million unbanked and underbanked U.S. households rely on alternative financial services to make the monthly payments essential to daily life. Of all households in the U.S., 20 million use cash to pay their bills in a typical month, 9 million use money orders. According to the 2015 Diary of Consumer Payment Choice, cash continues to be the most frequently used payment instrument across all age groups and income levels.
To learn more about Select Mobile Bill Pay, email info@digilitimoney.com or visit https://www.digilitimoney.com.
About Fidelity Express
Fidelity Express is a premier leader in the walk-in bill payment and money order space, established in 1988 as a division of GSC Enterprises, Inc. With thousands of neighborhood stores across 19 states, Fidelity Express processes millions of payments annually for the cash-paying consumer. Fidelity Express prides itself on being the most flexible and responsive provider in the industry. Since its inception, the company has always taken to heart its mantra of Real-time, Real Service, Real People.
Our corporation, GSC Enterprises, Inc, was established as a family business more than 65 years ago. GSC remains a family owned and operated business, not only devoted to its employees and customers, but also, its community. A desire to serve all stakeholders is at the heart of GSC's core values.
For more information, visit www.fidelityexpress.com.
About Digiliti Money, Inc.
Digiliti Money, Inc. is a leading cloud-based, SaaS technology provider serving the financial services industry with mobile money and remote deposit capture solutions for PC, Mac and mobile. Founded in 2010, Digiliti Money has quickly grown into a technology leader and trusted partner of some of the world’s largest and most respected financial organizations. With remarkable growth, an impressive client base and award-winning technologies, Digiliti Money continues to drive innovation and deliver world-class solutions to financial institutions of all sizes.
The company's industry-leading solutions help clients to increase customer engagement, grow revenues and gain competitive advantage. Digiliti Money’s cloud-based technology platform simplifies development, deployment and servicing of consumer and commercial solutions—minimizing cost and accelerating speed-to-market and ROI. Enabled by Digiliti Money’s complete suite of business and consumer solutions, financial institutions can better serve the needs of all their customers. For more information, visit www.digilitimoney.com.
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