Dallas, TX, Buena Park, CA and Mountain View, CA (PRWEB) May 10, 2011
7-Eleven, Inc., the world’s largest convenience store chain, Ria Financial Services, Inc., the leading global money-transfer company and subsidiary of Euronet Worldwide, Inc., and PayNearMe, Inc., the cash-payment network, today announced the availability of an innovative money-transfer and bill-payment service at nearly 5,000 U.S. 7-Eleven® locations.
With this new service, consumers can initiate money transfers or bill payments using their mobile phones and complete these transactions in real time at a 7-Eleven store register. The process is based on a new, free Ria Card, available now at 7-Eleven stores and which can be used to pay more than 3,000 U.S. billers. This card also can facilitate sending remittances to family and friends in more than 134 countries.
Beyond offering essential financial services through thousands of conveniently located 7-Eleven stores, the new Ria service provides two significant advantages over existing card-based financial products. First, consumers can remit the exact amount they wish to pay, rather than fixed denominations, and second, transactions are completed face-to-face at the register in real time. Consumers can access Ria’s award-winning customer service while using their own cell phones.
The new service is powered by PayNearMe’s cash-payment network. PayNearMe collaborated with Ria and 7-Eleven to develop a card-based process to overcome limitations of existing pre-paid services without requiring any special equipment or new training at the store.
“By combining our excellent services with 7-Eleven’s very convenient distribution and PayNearMe’s innovative technology, we have created what is probably the easiest and most convenient way to send money or pay bills today in the U.S.,” said Michael J. Brown, chairman and CEO of Euronet Worldwide.
“More than five million customers who visit 7-Eleven stores in the US every day can now quickly and easily pay bills or send money around the world,” said Juan C. Bianchi, president and CEO of Ria Financial Services. “By offering Ria’s worldwide services through 7-Eleven’s convenient U.S. locations and extended hours of operation, consumers can send money or pay bills near home or work when it’s most convenient for them. Plus, they can complete their transactions as quickly as they could pay for a carton of milk.”
“Enabling consumers to send money or pay bills through Ria’s extensive global network complements our strategy of providing access to valuable services at our stores,” said Jesus Delgado-Jenkins, 7-Eleven senior vice president of merchandising, marketing and logistics.
Danny Shader, PayNearMe CEO, said, “PayNearMe’s unique cash network is the ideal platform to power this new money-transfer and bill-payment service and to provide consumers with faster, simpler and more convenient access to much-needed financial services.”
About 7-Eleven, Inc.
7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Based in Dallas, Texas, 7-Eleven operates, franchises or licenses more than 8,400 7-Eleven® stores in North America. Globally, there are more than 40,800 7-Eleven stores in 16 countries. During 2010, 7-Eleven stores worldwide generated total sales of more than $62.7 billion. 7-Eleven has been honored by a number of companies and organizations recently. Accolades include: #2 on Forbes magazine’s 2011 list of Top Franchises for the Money; #4 spot on Entrepreneur magazine’s Franchise 500 list for 2009, #3 in Forbes magazine’s Top 20 Franchises to Start, #3 among Top 100 Global Franchises by Franchise Direct, #3 in Store Growth by Convenience Store News, #2 in Franchise Times Top 200 Franchise Companies, #6 in AllBusiness AllStar Franchise ranking and #29 among Top 100 Chains in Food Service. Hispanic Magazine named 7-Eleven in its Hispanic Corporate Top 100 Companies that provide the most opportunities to Hispanics. 7-Eleven recently was selected by three diversity publications as a company offering the best career and franchisee opportunities. In addition, Symphony IRI recognized 7-Eleven in its 2009 Shopper-Centric Marketing Innovation program, and 7-Eleven received the 2010 Retailer of the Year from PL Buyer because of the company's private-label brand initiative. The company is franchising its stores in the U.S., and is expanding through organic growth, acquisitions and its Business Conversion Program. Find out more online at http://www.7-Eleven.com.
About Ria Financial Services
Ria Financial Services, a subsidiary of Euronet Worldwide, Inc., is a leading global money transfer company. Ria is a global leader in money remittance services and is a recognized benchmark in both quality and service. Ria originates money remittance transactions through a network of sending agents and company-owned stores located throughout Europe, North America and Australia and completes such remittances in minutes through a worldwide payer network, totally 110,000 locations in 134 countries.
In 2010 Ria processed over 18 million transfer transactions with a total face value exceeding $6 billion. Ria’s services include money transfer, bill payment, check cashing, cellular phone top ups, prepaid debit card issuance and loading services as well as money orders. Ria products are available under the recognizable brands of Ria Money Transfer, Ria Envia, AFEX Money Express and Kim Phu Money Transfer. Ria is steadfast in its commitment to customers and remains ingrained within the communities in which they live. Ria’s corporate headquarters is located in Buena Park, California, USA. For more information, visit http://www.riafinancial.com/.
PayNearMe enables consumers to pay conveniently for a wide variety of goods and services from leading companies in e-commerce, consumer lending, debt collection, transportation, money transfer, and beyond at a local store, starting with 6,200 7-Eleven stores across the United States. PayNearMe was awarded Best of Show at FinovateFall 2010. For more information, visit http://www.paynearme.com.