Payfare Expands Partnership with NCR to Power Self-Service Financial Tools for Cardholders
12 4월 2023 - 9:00PM
Business Wire
NCR Corporation (NYSE: NCR), a leading enterprise technology
provider, has expanded its partnership with Payfare Inc. (TSX:
PAY), a leading fintech powering instant payout and digital banking
solutions for the gig workforce.
The extended partnership makes NCR a provider of self-service
financial solutions for Payfare’s cardholders across the United
States for both cash in and cash out transactions.
Payfare, which powers instant payouts and loyalty rewards for
the largest gig economy platforms in the United States, including
DoorDash and Lyft, has been a valued partner of NCR for its
Allpoint ATM network, which offers surcharge-free cash access for
over 1,200 card issuers at 40,000 ATMs nationwide. Under the
expanded partnership, Payfare’s cardholders will gain access to
Allpoint+ cash-accepting ATMs, enabling cash deposits in addition
to cash withdrawals.
Payfare is also leveraging NCR Pay360, an API solution that
allows cardholders to access cash in their account with a simple,
secure code via Payfare’s digital banking apps. Such functionality
will enable Payfare cardholders to withdraw cash without requiring
a physical debit card. With the addition of Allpoint+ and NCR
Pay360, gig workers across the country will be able to access cash
with greater flexibility, ease and speed at convenient locations
they know and trust.
“Our cardholders have leveraged NCR’s retail-based Allpoint ATM
network to access cash where they live and shop, and we are
confident that this expanded partnership will offer even more
value,” said Marco Margiotta, CEO and Founding Partner at Payfare.
“With NCR, we are supporting new transactions and will enhance
self-service financial solutions in a safe, secure and efficient
manner at scale for gig workers across the United States.”
“Payfare is investing in software and services that will help
on-demand economy platforms deliver compliant, reliable payments to
their gig workers,” said Don Layden, EVP, President, NCR Banking.
“Through NCR’s innovations, Payfare’s users benefit from more
efficiency and speed and unmatched density and scale. We’re proud
to support Payfare in serving the financial needs of gig workers
and bring new capabilities to on-demand marketplaces.”
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in transforming,
connecting and running technology platforms for self-directed
banking, stores and restaurants. NCR is headquartered in Atlanta,
Georgia, with 35,000 employees globally. NCR is a trademark of NCR
Corporation in the United States and other countries.
Web site: www.ncr.com Twitter: @NCRCorporation Facebook:
www.facebook.com/ncrcorp LinkedIn:
www.linkedin.com/company/ncr-corporation YouTube:
www.youtube.com/user/ncrcorporation
About Payfare (TSX:PAY)
Payfare is a global financial technology company powering
digital banking and instant payment solutions for today's gig
workforce. Payfare partners with leading platforms and
marketplaces, such as Uber, Lyft and DoorDash, to provide financial
health for their workforce.
For further information please visit www.payfare.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230412005106/en/
NCR Media Contact Scott Sykes NCR Corporation
scott.sykes@ncr.com
Payfare Contact Cihan Tuncay, Head of Investor Relations
and Corporate Development 1 (888) 850-2713 investor@payfare.com
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