BancPass Launches its Pay-As-You-Go, Cash Reloadable Toll Sticker Program in Partnership with the Kansas Turnpike Authority
AUSTIN TEXAS – September 23, 2019 BancPass, Inc. announced today the launch of its Pay As You Go, cash reloadable toll sticker program, in partnership with Kansas Turnpike Authority (KTA). The program is focused on providing customers an option to enjoy the savings of an electronic toll tag while using cash to pre-fund the account. Starter Kits can be purchased at Kansas area Dillon’s grocery stores, a division of The Kroger Company. The Starter Kit is $20 and includes a toll sticker, reload card, and is pre-funded with $10 in tolls upon purchase. After registering the vehicle’s license plate through BancPass, users can drive the road. Customers can also replenish the account at any Dillon’s location using cash or debit, or through the BancPass phone app or website.
“We recognize the need for customers who prefer to use cash to take advantage of the discount for electronic travelers,” said Steve Hewitt, KTA Chief Executive Officer. “With the BancPass pre-paid program, those cash customers have a way to get the up to 25% discount on their tolls.”
BancPass first launched the Pay As You Go program, in 2015, through the Harris County Toll Road Authority in Houston, TX. Since then, the program has expanded through many retail partners, and into other cities in Texas and now the state of Kansas. Shannon Swank, Chief Marketing Officer for BancPass stated, “This program provides a much-needed option for toll agencies who are looking to provide a way for cash-based customers to establish an account and enjoy the cost savings of the electronic toll rate. We are excited to partner with the Kansas Turnpike Authority and Dillon’s grocery stores.”
BancPass is currently working to expand the program with other toll agencies across the country.
BancPass is a Texas Corporation and financial technology (Fintech) company. BancPass is focused on providing consumer payment options for in-vehicle, Pay In Motion™ (PIM™) transactions including tolling, parking, and other commercial markets. BancPass leverages retail efficiencies and secure, proven payment platforms to deliver convenient, cost-effective solutions to consumers and operators alike. BancPass provides self-managing payment and account options through its Toll Sticker and PlusPass® applications. BancPass also provides opportunities for third-parties to license its patented technology.
About Kansas Turnpike Authority (KTA)
For more than 60 years, the Kansas Turnpike Authority (KTA) maintains 236 miles of user-fee supported roadway from the Oklahoma border to Kansas City. KTA doesn’t receive state or federal tax funds. Instead, toll revenue pays for preservation and modernization of the Turnpike system. With the current long-term plan, KTA has outlined 44 projects to enhance safety and the customer experience over the next decade. KTA’s mission is to move Kansas forward by operating a safe, reliable and customer-valued turnpike system in a fiscally responsible, businesslike manner.For more information, contact:
Shannon Swank | Chief Marketing Officer | 512.971.9741 | Shannon.firstname.lastname@example.org
John Freund | President & Investor Relations | 949.547.3238 | John.email@example.com
Rachel Bell | Director of Business Services & Customer Relations | 316.652.2673 | firstname.lastname@example.org