Electronic Bill Payment

Consumers increasingly want choice in bill payments, according to findings from a new study by Fiserv Inc. The bank and payment processor’s Eighth Annual Billing Household Survey found that the average number of payment methods consumers use monthly rose from 2.9 in 2014 to 3.6 in 2015, a 24% increase. …

Ingo Money Inc. this week introduced a feature on its 3-year-old mobile app that allows users to split check deposits across multiple accounts, including bank accounts, prepaid cards, bill payments, and PayPal. Using Ingo’s decision engine and bank integrations, the feature also offers immediate, guaranteed funds availability. The feature works …

The Federal Reserve may be shepherding a nationwide effort to bring real-time payments to the United States, but that doesn’t mean payments companies are marking time while that process unfolds. The latest development is Tuesday’s announcement that bank processor Fiserv Inc. will work with risk manager Early Warning Services LLC …

By John Stewart Transactions on the automated clearing house network grew 5.4% in the second quarter, the second straight period of 5%-plus expansion for the 40-year-old system, which reaches virtually every financial institution in the country. That’s according to numbers reported by NACHA, the organization that regulates the ACH. The …

AcceptEmail Inc., an Amsterdam-based bill-payment company, is bringing its service to the United States, and has hired a former bill-payment executive to head its North American efforts. Demand for faster payments and the ability to make mobile bill payments aids AcceptEmail’s North American push, says Peter Kwakernaak, chief executive of …

The voting members of automated clearing house network regulator NACHA have approved a plan to allow for same-day settlement of ACH transactions, NACHA announced Tuesday. The same-day proposal, which has been debated since its introduction early last year, received “overwhelming support” in the balloting, says a NACHA spokesperson. NACHA does …

A panel of two bankers and a banking-services provider gave an upbeat appraisal Monday of industry moves toward real-time payments, but indicated financial institutions still have a long way to go to serve customer demand and meet competitive thrusts from non-bank players. “We’ve got more work to do,” said Roy …

By Jim Daly A new mobile app from an Atlanta startup that uses remote-capture software provider Mitek Systems Inc.’s imaging technology aims to have workers automatically time the payment of routine bills with their pay days, thereby helping consumers escape the pitfalls of living paycheck to paycheck. “That’s exactly what …

By Jim Daly JPMorgan Chase & Co. reported Tuesday that 60,000 merchants use its in-house ChaseNet merchant-processing venture and as of January they were generating annualized charge volume of $16 billion. Merchants in the venture include United Airlines, the Marriott hotel chain, DirecTV, 1-800 Flowers, Groupon, Zillow, and Barnes & …

More than 90% of Americans still prefer to receive paper bills, but a strong majority of them pay electronically, according to findings released Monday from a survey sponsored by the U.S. Postal Service’s Office of the Inspector General. The three-month study of customer records from a major East Coast utility …