With this agreement, Info Touch links up with over 750 billers and vendors. IPP of America benefits from an entirely new kiosk based sales channel to generate greater consumer awareness and access to its bill payment services. The integration of IPP of Americas bill payment technology into Info Touchs kiosk security and management software platform, will provide cash paying customers with a convenient way to pay bills from a broad range of product and service providers, including large wireless and wireline Telcos, cable and utility companies as well as large retailers. Info Touch and IPP of America will share transactional revenues from per transaction convenience fees paid by consumers. According to a recent United States Federal Reserve bulletin, at least 28% of the US population is either unbanked or under banked. These consumers pay in cash for their monthly utility and household bills. American consumers are increasingly adopting the benefits of self-serve automated kiosks for their bill payments in conveniently located areas such as shopping malls, convenience stores and service stations.
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