Telecommunications
innovator AllCom releases the Next Phase of Genie CashBox. The
Genie CashBox enables US cash buyers to shop online from merchants
anywhere,
without sharing their credit card or banking information with anyone,
by paying with cash.
AllCom
announced today the next step in their continued horizontal
integration by rolling out its new service "Shop
Online Globally – Pay with Cash Locally".
This expansion provides Genie Gateway Merchants their own
customizable online store to accept cash payments from those who
prefer to pay with cash, or unbanked buyers, on the same platform
they currently use to display videos, online documents, send and
receive text messages, announcements, emails, faxes and Virtual
Office.
“We
haven’t quite figured out how to let you stuff the cash through
your modem yet, but it’s almost as simple,”
said AllCom CEO, Thomas E. Skala. “Today’s internet savvy
customers prefer to maintain what little privacy they have left, and
not share their credit card or banking information online or when
making a purchase by phone!”
“Unfortunately
the online shopping experience does not welcome this huge market of
cash buyers and provides no way for them to participate. Now, AllCom
has solved this problem” Skala continued.
“The
Genie Gateway platform lets Genie subscribers shop online, using most
any shopping cart, with the usual online experience, but with the
extra feature that when checking out they can pay with cash. When
choosing to pay with cash, Genie will create a special deposit ticket
for the amount of that specific purchase which can be deposited at
any of over twenty thousand branches of participating banks,”
explained AllCom CTO, Stuart Scamman.
Scamman
elaborated, "Genie Gateway Subscribers who already have an
online store, a website, or a landing page that they use to sell
goods and services, can quickly and easily connect that page to their
Genie Gateway, giving their customers the ability to pay with cash”
“Shop
Online Globally – Pay with Cash Locally
is automatically included with each Genie Gateway at no additional
cost. Genie Gateway can expand
their customer base quickly by inviting cash buyers to their online
store,” said AllCom COO, Randall
Skala.
“But
we’ve left the best for last,” said Skala with a smile. “Cash
Buyers are not subject to the usual credit card rules, regulations,
and limits. If they have the cash, they can make their purchase, no
questions asked. Cash doesn’t
bounce and the usual overhead for chargebacks disappears as all sales
are treated as a cash purchase.”
“The
only thing better than cash, is more cash”
said Skala.
