We Democratize Consumer Banking, And Lower Merchant Card Payment Cost By using Our New Merchant Payment App Network

won't need a bankConsumer banking and merchant payments are in the midst of a decades long sea change.  This is a bankers opportunity to capture the new market. Paymency targets consumer finance and merchant payments.

Fast Company reports that 1 out of 3 Millennial don't see a traditional bank in their future. Our CEO Gary Lewis Evans has had that belief for decades and he has acted on his belief. In 2014,The Motley Fool  (Link) claimed that Evans revolutionized banking in 1994, when he pioneered Internet banking as President of La Jolla Bank. That was the beginning of a Mega Trend in banking.

Paymency is the logical next step and Evans third transformative change to banking. The initial step in the early 90s was most difficult, and each successive step accomplished more but was easier to execute. The two prior industry leading changes prove his ability to design and build the needed technology and assemble the team to succeed. This time he includes a new merchant payments app network and SMS payments to solve the unbanked problem in America. 

Paymency is only able to take the lead in meeting market needs by eschewing a bank charter. Paymency will be more disruptive to consumer banking and merchant payments than the path taken by the traditional banks and other FinTechs that are not familiar with the minefield of regulation and navigating through banking issues.

For banks, we will be a new source of deposits, loans and a game changing opportunity for CRA credit through our unbanked and underbanked product. 

Merchants, will see Paymency as an easy SaaS or API addition to their Hate Banksexisting app or POS. The reward will be savings of 50% to 90% of current card fees by using our new merchant payment app network. Large merchants have an opportunity to issue payment apps and hold consumer funds allowing their payment app to be used at all merchants. Should their be doubt in the significance of such an opportunity, Starbucks hold over $1.6 Billion in customer funds.

Evans doesn't just talk about needed change, he has proven ability to lead the market and identify consumer banking needs. Banks can't meet the needs of the unbanked or they would have.  The reasons for failing the unbanked have evolved over the years but today we see this as the unintended consequences of regulation and a growing compliance burden.

 

1ST TARGET IS THE UNBANKED AND $2.3 TRILLION IN CASH PAYMENTS - Launch 30 Days  After Funding

 

 

1text-based payments are our 1st product, built for the unbanked. We also have an unbanked product for mass distribution with cities, and Native American Communities

 

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OUR SMS UNBANKED PAYMENTS WITH CITY DISTRIBUTION IS OUR BANKING Like PRODUCT THAT ALSO STIMULATES THE LOCAL ECONOMY AND SERVES AS ID FOR THE PUBLIC

ALL MERCHANTS QUALIFY AND PAY VARIABLE LOW FEES FROM A FEW PENNIES FOR A $1 SALE OR $0.24 FOR A $100 SALE

NO ID OR BANK ACCOUNT IS REQUIRED For Consumer

custom payment programs for cities, religious groups and nonprofits for the unbanked or to control cohort spending

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MERCHANTS OPEN ACCOUNTS IN LESS THAN 10 MINUTES AND CAN START TAKING PAYMENTS IMMEDIATELY - CONSUMERS OPEN ACCOUNTS IN LESS THAN 5 MINUTES


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customer receives SMS for payment Receipt and new balance

 

Merchant can use our free SaaS POS to automatically book sales for accounting and tax reporting

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