Telecom Companies Gain Easy, Digital Way to Collect Cash Payments Through PayNearMe and Telinta Partnership

SUNNYVALE, CA and SPRINGFIELD, NJ--(Marketwired - May 20, 2015) - PayNearMe, the electronic cash transaction network, and Telinta, a global leader in cloud-based VoIP switching and billing, have partnered to offer Telinta's telecom service-provider customers the ability to accept cash payments from consumers at 17,000 7-Eleven®, Family Dollar® and ACE Cash Express® stores across the U.S. Telinta customers gain a significant payment resource, because many of the stores are open 24 hours a day, seven days a week. The consumer's entire payment process takes less than 60 seconds.

According to the FDIC, 28 percent (34 million) of U.S. households are financially underserved, meaning that they have limited or no access to a bank account.

"Having an easy way to pay for telecom services is a necessity for all consumers," said Danny Shader, PayNearMe's founder and CEO. "This partnership helps friends and families stay in touch across thousands of miles, regardless of whether they choose to pay through plastic or cash. Telecom service providers who use PayNearMe will find that it is a unique competitive advantage over others in the industry who are not yet serving this segment of the population."

Telinta's telecom service provider customers will be able to access their PayNearMe account via Telinta's cloud-based softswitch platform, the same platform they use to perform other key processes. TeliCore™ is Telinta's carrier-grade softswitch platform, integrating Telinta's VoIP solutions with world-class switching and billing capabilities from PortaSwitch. Telecom service providers will be able to get started with PayNearMe by contacting a Telinta representative.

"Telinta understands that offering consumers a variety of convenient payment options is an important part of helping telecom service providers to grow their business," said Alex Ferdman, CEO of Telinta. "PayNearMe brings a nationwide network of retail payment locations, giving Telinta customers more places to get paid and more ways to keep customers happy."

To make a cash payment for their telecom service, consumers simply visit their telecom service provider's online self-care portal, which is provided by Telinta's cloud-based platform. The consumer selects the "Pay with Cash" option to make a payment to their telecom service provider for either prepaid or postpaid services. PayNearMe generates a payment code that consumers can print or send to their phone.

Users bring the payment code to a nearby store, hand the cashier cash as if they are making a purchase and instantly receive a paper receipt as proof of payment. The provider is notified immediately of the payment, and the funds are 100 percent guaranteed as soon as the cashier collects them.

For more information on using PayNearMe with Telinta, please visit: http://www.telinta.com.

About PayNearMe
PayNearMe is the electronic cash transaction network that enables consumers to pay rent and utility bills, repay loans, buy tickets, make online purchases and do much more with cash. Consumers can conveniently make payments on their own schedule and in their own neighborhood in less than a minute at one of over 17,000 trusted locations, including 7-Eleven® and Family Dollar® stores across the United States. For more information, please visit: http://www.PayNearMe.com.

About Telinta
Founded in 2002, Telinta, Inc. offers secure and reliable cloud-based Switching and Billing solutions for VoIP service providers around the globe. Telinta's full portfolio of white label carrier-grade solutions is highly customizable for VoIP service providers and their resellers. This includes calling card, pinless, mobile solutions, wholesale VoIP, hosted PBX, call centers, audio-conferencing, Business and Residential VoIP, and other solutions. Please visit us at www.telinta.com for more information.

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