How they describe themselves: Allied Payment Network is a visionary and innovative company that applies emerging bill pay technologies for the financial industry and its customers. The company was created to make the bill paying process easier and more convenient for the consumer and more efficient and cost effective for financial institutions. With its solution, Picture Pay™, Allied has pioneered the first mobile point, shoot and pay application for smartphones. For additional information on how Picture Pay is enabling financial institutions to more successfully promote mobile bill pay to their customers and members, visit www.AlliedPayment.com.
How they describe their product/innovation: Allied’s Picture Pay™ is the nation’s first mobile bill payment application that enables financial institutions’ customers to pay bills using the camera on their mobile device. With Picture Pay, users simply take a picture of the bill, enter the amount and date, and the bill is paid. Picture Pay’s technology does the rest by reading the data from the bill, then syncing with the customer’s bank or credit union to process the payment. Additionally, Picture Pay can automatically add a new biller to the user’s online banking system, eliminating the hassle of entering the payee and account information online.