Citizens Financial Group is partnering with Paymentus Corp., a Charlotte, N.C., provider of bill-payment processing, to offer real-time electronic bill payment and money-transfer services for retail banking customers nationwide. Citizens will be rolling out Paymentus’s Bill Center and Loan Payments products. Bill Center provides users with a view of their bills …
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Bluefin Makes the Visa Token Connection; Inflation Spurs Bill Payment Worry; Plus Weekly Recap
Inflation Woes Cause Bill Payment Worry Among 86% of Consumers, doxo Finds
As costs continue to increase across the country, many Americans worry about their bill-payment obligations, with 86% concerned about the inflationary impact, found a new survey from doxo, a bill-payment services company. In the report, “The Impact of Inflation on Paying Household Bills in the New Year,” doxo found that …
Read More »Friction Produces Bill Payment Problems; EVO Targets More M&A; TreviPay To Acquire Baton Financial
Consumers Say Friction Is a Leading Cause of Late Bill Payments, Especially Online
More than half of consumers in the United States have been late paying a bill in the past 12 months, even if they pay online, but not always for reasons associated with unemployment and financial hardships. For many consumers, late bill payments are a result of friction in the bill-payment …
Read More »Fyncr’s Credit Card Bill Payment Strategy; The Bet on QR Codes for Payments; Retail Sales up 7.2%
Fintech Fyncr Looks to Disrupt Bill Payment With an App That Aggregates Credit Card Bills
In a bid to make it easier for consumers to pay myriad credit card bills each month, a startup called Fyncr Inc. on Thursday launched a bill-payment app that allows users to aggregate and pay their credit card bills in one application. With the Fyncr app, credit card holders can …
Read More »U.S. Bank’s Real-Time Bill Payment for Consumers Coming and other Digital Transactions News briefs from 1/7/22
U.S. Bank said it will launch in the first quarter a real-time payments component to its bill service. It will use the Request for Payment tool that is part of The Clearing House Payments Co. LLC’s Real Time Payments service. The same service launched for U.S. Bank business customers in November.Cloud-software …
Read More »Verizon Dials Real-Time Payments for Bill Payment; A Post-Covid Silver Lining; Visa’s 16 Million SMB Tally
BNY Mellon Teams Up With Verizon And Citibank to Offer Real-Time Bill Payment
Real-time bill payment took another large step forward Wednesday with BNY Mellon’s announcement it is partnering with Verizon Communications Inc. and Citibank to enable Verizon customers with Citibank accounts to pay their bills with near-instant effect. The agreement connects BNY Mellon as the billing bank, Verizon as the biller, and …
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