Press Release Peritus Services LLC
 


Peritus Portfolio Services Chooses PayNearMe to Enable Cash Payments


Consumers Can Make Car Repayments in Cash 24/7 at More than 8,600
Participating 7-Eleven® and ACE Cash Express® Stores Nationwide
February 6, 2013

MOUNTAIN VIEW, CALIFORNIA — PayNearMe, the cash transaction network, and Peritus Portfolio Services, an auto finance receivables company, today announced that Peritus has implemented PayNearMe, the innovative service that allows consumers to make cash payments for goods and services at thousands of retail locations nationwide. Now Peritus customers can make car repayments with cash for the first time.

Prior to PayNearMe, Peritus only accepted funds electronically, over the phone, and through the mail; none of these options allowed for easy cash payments. With PayNearMe, Peritus customers now receive a PayNearMe Card or PaySlip that can be printed or displayed on their smartphones. They then bring their cash and PayNearMe Card or PaySlip to the register of any one of more than 8,600 7-Eleven and ACE Cash Express stores in PayNearMe’s network. Cash transactions are completed within seconds, and Peritus customers’ accounts are credited instantly.

“PayNearMe makes cash collections secure, efficient, and practical,” said Gary Perdue, President of Peritus Portfolio Services. “It helps us improve our payment process while enhancing the customer experience. Now our customers can make their repayments in cash without any hassle or high fees.”

“Peritus needed a secure cash payment alternative that wouldn’t require additional resources to implement,” said John Minor of PayNearMe. “Because our systems are tightly integrated with the registers at 7-Eleven and ACE Cash Express stores throughout the country, PayNearMe gives Peritus 24x7 access to thousands of conveniently located cash payment locations.”

PayNearMe requires minimal integration with existing systems. Auto finance lenders and dealers of all sizes can quickly and easily accept cash payments through PayNearMe’s nationwide network of payment locations.

For more information about PayNearMe’s services, please visit http://www.paynearme.com.
For more info on Peritus Portfolio Services programs, please visit http://www.peritusservices.com

About Peritus

Headquartered in the Dallas Ft. Worth area,Peritus Portfolio Services specializes in the purchasing of auto-secured bankruptcy accounts from auto dealers, finance companies, banks and credit unions. Peritus also purchases bulk performing non-prime and sub-prime auto paper, as well as offering a bad debt recovery program for charge offs,deficiency notes and skips in your portfolio.

About PayNearMe

PayNearMe is the cash transaction network that enables consumers to transfer money, repay loans, buy tickets, make online purchases and much more with cash. Consumers can conveniently make payments 24/7 in their own neighborhood in less than 60 seconds at any one of the 8,600 participating 7-Eleven® and ACE Cash Express® stores across the United States. For more information, please visit http://www.paynearme.com.

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