Electronic Bill Payment

J.D. Power announced early Monday the launch of a mobile-banking app certification program. The program is intended to recognize app providers that deliver an exceptional user experience, the company says. The J.D. Power Mobile App Platform Certification-Banking program rates mobile apps using a set of 146 best-practices benchmarks, including app …

Providing consumers more ways to pay and engage with merchants play key roles in driving consumer purchasing decisions, according to Fiserv Inc.’s Spring 2024 Carat Insights Report. One way for merchants to engage on a deeper level with consumers is to offer apps featuring loyalty and rewards programs and that …

Toast Inc., a provider of pay-at-table payments devices for the hospitality market, reported data derived from 112,000 restaurant locations in its Q1 2024 Restaurant Trends Report. Among the results: Tipping is most generous in Delaware, where it averages 22.1% of the bill. Mastercard Inc. said it is integrating Deposit Switch and …

Almost two-thirds of U.S. consumers prefer to pay bills manually rather than through automated services, according to a survey by payments platform MX Technologies Inc. The online research embraced 1,059 adults and was conducted during the first quarter. Embedded payments startup Forward closed a $16 million seed financing round led by Commerce Ventures, Elefund, …

Recurring payments like subscriptions have been gaining increasing attention as more businesses supplement one-off sales and as banks and billers look for ways to automate the process for consumers within their own apps. Now the capability to make and control recurring payments is coming to consumers on their mobile phones. …

As the effects of the economic stimulus pumped into the economy by the federal government during the pandemic wear off, consumers are having a harder time paying their recurring debts on time. A study released Monday by Achieve, a San Mateo, Calif.-based provider of debt-management programs for consumers, reveals that …

Text-to-pay technology received a boost late Thursday as San Francisco-based fintech EarnUp Inc. launched a text-to-pay app for mortgage lenders. The white-label app allows lenders to send text reminders of upcoming mortgage payments with an embedded link to make payments using a debit card. Consumers can initiate payment using Apple …

Open banking has been attracting the attention of bankers, merchants, and card networks. It’s also drawing notice from regulators. The concept of making a payment through a direct transfer from a bank account can appeal to consumers because it’s fast and easy, and to merchants because the transaction is reportedly …

The U.S. payments industry has celebrated the emergence in recent years of two major platforms for real-time payments, but what has insiders particularly excited is the potential for something called the request for payment, or the RFP, as they style it. “The RFP is the first real shift in how …

Chase, the banking arm of giant JPMorgan Chase & Co., introduced a suite of digital products it says will help small businesses improve their cash flow and payment processing. Among the services are the ability to choose a payment speed, such as standard automated clearing house, same-day ACH, or real-time …