Will enable simplified biller setup for consumers, such as biller recommendations based on a consumer’s profile
Will enable consumers to use their mobile banking app to easily see full bill details and manage multiple bills in one place
Will provide consumers choice of payments – bank account payments (ACH and real-time payments) and cards
Will enable real-time payment confirmation and automated reconciliation for the biller
Disrupting the Bill Pay Market
Bill pay transactions make up 30% of consumer spending, with the total estimated at more than $4 trillion annually in the United States. This makes paying bills central to consumers’ financial lives. Despite its importance, making an electronic bill payment can be a complicated exercise for a consumer. The segment is ready for change.
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