doxo Teams with Coinstar to Facilitate Cash Payments for Underbanked

Consumer billpay platform doxo has found a way to reach the unbanked population. The Seattle-based company announced a partnership with Coinstar, a self-service coin-counting kiosk enterprise.

Through the partnership, doxo users can use cash to pay any of the 45,000 local and national billers in doxo’s network at Coinstar locations across the U.S. Jim Gaherity, CEO of Coinstar, said: “doxo’s extensive biller directory, combined with our national network of Coinstar kiosks, brings a new level of ease and accessibility for bill pay, and we’re excited to offer this capability to our customers.”

And for many consumers, cash is still king. There are 34 million unbanked or underbanked households across the U.S. and more than $235 billion in bill payments are made with cash each year. Steve Shivers, CEO and co-founder of doxo said, “For billers, providing an easy way for their customers to pay with cash is not only a valuable service, but helps keep accounts current. Our partnership with Coinstar provides this opportunity with very little effort on the part of billers.”

Customers who want to pay bills in cash select Pay Bills with Cash at Coinstar as the payment option at a participating biller’s website. Then, the consumer visits a Coinstar kiosk, selects their biller, and inserts cash into the machine. A payment receipt is printed with a code that the customer can use to track their payment delivery on doxo’s portal. Coinstar has a network of 20,000 kiosk locations, and doxo’s bill payment option will be available at 7,000 of those units by the end of the year.

While the number of services for the underbanked population is on the rise, there are not many that enable consumers to pay for online or remote services for cash. In fact, doxo’s only competitor in this space may just be PayNearMe, a company founded in 2009 that allows unbanked consumers to pay for e-commerce, transportation, and a limited number of billers in cash at 7-Eleven and Ace Cash Express stores.

doxo is compatible with existing billing systems and allows billers to electronically connect for free. The platform offers a simplified experience for end users and provides a complete online payment system for billers who have yet to go digital. Among the company’s list of billing partners are AT&T, National Grid, Puget Sound Energy, Kansas City Light, and more providers across finance, utilities, healthcare, telecom, banking, and insurance sectors.

Founded in 2008, doxo debuted its Control Panel at FinovateSpring 2011. Last fall, the company surpassed 30,000 payable billers on its platform. doxo has raised $18.8 million and counts Mohr Davidow Ventures, Sigma Partners, and Bezos Expeditions as investors.

Finovate Alumni News

On Finovate.com

  • doxo Teams with Coinstar to Facilitate Cash Payments for Underbanked.
  • Agreement Express Lands Funding from Frontier Capital.
  • Low-Code Development Platform OutSystems Forges Strategic Partnership with Atos.

Around the web

  • Iowa City-based Farmers & Merchants and Savings Bank to deploy Fiserv’s retail and business banking platform.
  • Zopa announces restructuring in advance of the launch of its challenger bank.
  • PYMNTS.com features Trulioo CEO Stephen Ufford in a conversation about the present and future of KYC.
  • Santander introduces its Santander One Pay FX service, a blockchain-based money transfer offering that leverages Ripple’s xCurrent technology.
  • Meniga CEO Georg Ludviksson selected as one of top 200 Fintech leaders in Europe
  • NuCypher teams with Origin Protocol to control access to sensitive information in decentralized marketplaces.
  • Efigence powers concept, UX, and design for BGŻOptima Bank’s new portal.
  • PYMNTS.com profiles anti-cyberfraud startup, Emailage.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • TSYS Tech Backs J.P. Morgan’s Commercial Virtual Card Issuance.
  • Finovate Alums Larsen, Garlinghouse, Armstrong Among Crypto’s Richest.
  • NCR Overhauls Self Service Network for Oman’s Bank Dhofar; Expands ATM Access in India.

Around the web

  • Revolut partners with Visa to issue prepaid cards to new customers.
  • Call Centre Helper interviews Mike Iacobucci, Interactions CEO.
  • SMArtX (formerly HedgeCoVest) expands Direct Indexing Platform.
  • doxo surpasses 3 million users and 45,000 payable billers.
  • Army Aviation Center FCU ($1.2 billion in assets) launches member owned full service insurance agency courtesy of Insuritas.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Digital Experience Specialist Configo Launches Cloud Environment.

Around the web

  • Spanish bank IberCaja deploys digital banking technology from Meniga.
  • Fiserv to help prepare European banks for transition to real-time payments.
  • BBVA and Samsung partner to bring iris scanning technology to smartphones.
  • VISA announces bank partnerships in preparation for Visa B2B Connect commercial launch in 2018.
  • Everest Group names billpay service specialist doxo to list of Top 40 FinTech Trailblazers.
  • FST Media interviews Avoka Chief Experience Officer Derek Corcoran.
  • RealtyMogul wins Gold Stevie Award for Company of the Year in the Consumer Services category.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

doxo Surpasses 30,000 Payable Billers on its Platform

Consumer bill pay service doxo announced it reached a milestone today. The Seattle-based company now has more than 30,000 billers on its platform, allowing users the ability to pay even more companies from a single website.

This achievement also gives doxo a new status– the Seattle-based company now has more billers on its platform than any other bill paying service in the U.S. The company attributes the growth to the network effect between users and billing service providers. That is, doxo’s user base of 2 million consumers add billers who they want to pay to the platform while billers join the platform to offer their clients a fast, easy way to pay.

The company’s CEO and co-founder Steve Shivers said that the accomplishment is an “important milestone” for the company, especially when coupled with the fact that doxo surpassed 2 million users earlier this year. “The most compelling service we provide to our users is the ability to pay all of their bills from a single, secure, mobile-friendly account,” Shivers said.

doxo is compatible with existing billing systems and allows billers to electronically connect for free. The platform offers a simplified experience for end users and provides a complete online payment system for billers who have yet to go digital. Among the company’s list of billing partners are AT&T, National Grid, Puget Sound Energy, Kansas City Light, and more providers across finance, utilities, healthcare, telecom, banking, and insurance sectors.

doxo debuted its Control Panel at FinovateSpring 2011. The company received the 2015 Washington Excellence Award for Consumer Payments and Customer Service and most recently was named to the Red Herring Top 100 North America Winners in 2017. Founded in 2008, doxo has raised $18.8 million.

Finovate Alumni News

On Finovate.com

  • National Bank of Canada Joins SecureKey’s Digital Identity Network.
  • P2Binvestor Launches Bank Partnership Program.
  • doxo Surpasses 30,000 Payable Billers on its Platform
  • Contextual Commerce Platform Omnyway Raises $12.75 Million in Series A.

Around the web

  • ConnectOne Bank ($4.7 billion in assets) to deploy nCino’s Bank Operating System.
  • ACI Worldwide partners with European clearing and settlement firm, STET, to bring real-time payment solution to PSPs.
  • FICO reports increased accuracy of its Enterprise Security Score when it comes to predicting data breaches.
  • Finastra moves its payments solution to the cloud via Microsoft Azure.
  • Trusted Knight partners with eTECH Channel.
  • CloudTrade and Taulia partner to enable businesses to transition to paperless invoicing.
  • iSignThis’ ISXPay initiates further Australian card acquiring/processing contracts.
  • BancPass announces license agreement with mobile tolling provider PayTollo.
  • EFL a finalist in the 2017 MIT Inclusive Innovation Challenge.
  • Datanami article on bot technology features insights from Narrative Science CEO Stuart Frankel.
  • MoneyMarketing highlights SpyCloud in a look at the safety of life and pensions company data.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com:

  • Build Intelligent Apps at Enterprise Scale with Ayasdi Envision.
  • PayPal’s Venmo Goes Head-to-Head with Zelle, Square Cash, and… Amazon

Around the web

  • EverSafe earns spot among the winners of Centre for Financial Services’ Financial Solutions Lab competition.
  • FIS introduces test solution to help FIs embrace real-time payments.
  • iovation to integrate its device-based authentication technology with PingFederate from Ping Identity.
  • BBVA taps into biometrics with new firm Veridas.
  • Expensify integrates with FinancialForce Accounting and PSA.
  • Rabobank selects Finastra (the merger of Misys and D+H) payment services hub for cross-border payments.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • “IBSSMail from IBSS Brings Multifactor, Biometric Authentication to Email”

Around the web

  • Hudson River Financial FCU ($51 million assets) hires Insuritas to launch insurance agency.
  • BizEquity partners with Entrepreneur to create a new valuation and performance center for its business community.
  • Intech Worldwide and Forte Payment Systems form partnership.
  • Linkable Networks launches a fully digital shopper-attribution solution to bridge digital and in-store.
  • Dutch Prime Minister Mark Rutte opens new Backbase U.S. headquarters in Atlanta, Georgia.
  • Lending Club CEO Renaud Laplanche named to Bloomberg Markets 50 Most Influential list.
  • doxo wins 2015 Washington Excellence Award for Consumer Payments and Customer Service.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

Doxo Launches Email Import Function on iOS

doxologo9.11.jpg

Ever wish there was a better way to archive emails from multiple accounts so you could organize them all in one place on your mobile device?

Doxo, the cloud storage company that makes it easy to store and organize sensitive documents, photos, and pay bills, announced today the launch of its Email Import function for iPhone. 

With Email Import users can automatically import, organize, and archive emails from their personal email accounts hosted with:

    • Gmail
    • Yahoo!
    • iCloud
    • Outlook
    • Hotmail
    • Comcast Xfinity
    • …and others 
To get started, users select Email Import from the menu:
doxoEmailImport
Then select + to add their accounts:
doxoEmailImport2

When finished, they can automatically import, archive and organize their personal emails from their mobile device for free.

doxo debuted its Control Panel at FinovateSpring 2011. You can check out the demo video here.

Alumni News– July 10, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgOptimal Payments announces partnership with Oink.
  • Braintree releases v.zero SDK, featuring support for Pay with PayPal.
  • Bank Innovation highlights leaders at Ripple, LoopPay, Finect, and Fiserv in its list of 30 key innovators in fintech.
  • Segmint named a Preferred Vendor of MAGNET Global Network.
  • Holvi preps to launch into Irish marketplace.
  • doxo named one of Washington State’s 100 Best Companies to Work For 2014 by Seattle Business magazine.
  • Think Advisor features the different approaches of 3 robo-advisors: Betterment, Personal Capital, and Wealthfront.
  • Cachet Financial Solutions prices Initial Public Offering.
  • DoubleBeam’s GoPago POS system is enabling Slyde, a mobile commerce beacon-enabled shopping app.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.