Payments News

On The Web

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Domains

Switzerland gets ready for QR bill payments

“The QR-bill will contain a digitally readable QR code holding all the data for a payment, streamlining the processing of bills and credit transfers for companies, government bodies, non-profits and consumers. Companies will be able to print the QR-bill themselves and the bill recipient can trigger payment with just a few clicks on a smartphone. Incorrect […]
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Domains

In Payments, What I Say May Not Match What I Do

“By number, U.S. consumers report paying 4 in 10 bills by electronic means—for example, by using their online banking bill pay function or providing a bank account number at a biller’s website. By dollar value, the practice of using electronic transactions to pay bills is also prevalent: about half of bill payments by dollar value […]
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Domains

Customer-centric Bill Pay by Mike Kresse

“Consumers shouldn’t bear the burden of figuring out complicated banking applications and jargon to pay their bills. This includes navigating through multiple screens to move their money. It’s time to reinvent bill paying and, according to a recent report from Javelin, financial institutions are in the best position to do just that. Consumers need banking applications […]
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Domains

Truecaller Pay to go live will Bharat Bill Payments Service in December

“Truecaller Pay is set to go live with the Bharat Bill Payment System in early December with an aim to target India’s utility bill payments market. The Unified Payments Interface (UPI) based payments app has already started testing the feature with around 54 billers and will soon go live with all the billers on Bharat Bill Payments, said Sony […]
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Domains

Good Bye Expedited Payments. Hello Real Time. by Mike Kresse

“So why are consumers flocking to billers’ websites? First, the payments are made immediately – critical to consumers about to have their electricity or other important services shut off. With only 54 percent of consumers always paying their bills on time, according to Aite, a huge percentage of consumers need last-minute payment options. Second, most big […]
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Domains

Ysplit Makes Money From Split Bill Payments

“Ysplit is testing a virtual card which can be used by friends and people in house shares to split bill payments. Where it differs from similar schemes is that Ysplit earns interchange fees from being the card on which the bill is paid. The Ysplit Card can be used to pay for utility or restaurant […]

On The Wires

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Domains

Plastiq Adds Expedited Check Delivery to its Accelerated Payments Suite

“As the newest addition to the Accelerated Payments Suite, expedited check payment on the Plastiq platform offers a convenient and flexible way for customers to maximize their credit line. Customers simply schedule the payment and choose expedited delivery in order to guarantee delivery within two business days. Plastiq accepts the customer’s payment by credit card […]
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Domains

ACI Worldwide Brings Text-to-Pay to Billers by Joining Forces With Solutions by Text

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced an alliance with Dallas-based Solutions by Text to provide organizations the ability to receive payments via SMS. Integrating Solutions by Text’s software with ACI’s UP Bill Payments will provide customers with simple pay-by-text options, increasing on-time payments and reducing collection costs. Organizations that are […]
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Deals

ACI Worldwide to Acquire Western Union’s Speedpay U.S. Domestic Bill Pay Business

“Together, the ACI and Speedpay bill pay solutions will serve more than 4,000 customers across the U.S., bringing expanded reach in existing and complementary segments such as consumer finance, insurance, healthcare, higher education, utilities, government and mortgage. This will enable the combined business to more effectively serve a rapidly-evolving category as well as pursue additional […]
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Domains

Doxo Launches Apple Pay, Simplifying Bill Pay to Over 45,000 Billers

“doxo , the innovative web and mobile bill payment service, today announced the launch of Apple Pay, bringing the convenience of paying bills with just a glance or a touch on iPhone, iPad and Mac to the $3.9 trillion bill pay market comprising 55% of annual household spending. With doxo, consumers already have the ability to pay […]