US Bank launches Payment Switch to help customers move recurring bills
What's happening
U.S. Bank has launched Payment Switch, a feature that lets customers move recurring payments like streaming services, cell phones and utility bills to a U.S. Bank debit or credit card. The tool is available via the Bills & Subscriptions dashboard in the U.S. Bank mobile app and was announced Monday, Oct. 19. U.S. Bank worked with Atomic to build the capability. The move comes as other players in the space, such as ScribeUp, are raising capital to help banks manage subscriptions and recurring payments (ScribeUp raised $13M).
Why it's trending
Banks are racing to own recurring-payments workflows as subscription spending climbs and fintech partners like Atomic and ScribeUp push turnkey solutions.
SignalNewly emerging, confirmed across 1 independent source type.
Story volume
Stories per dayAngles you could write
If you want to move all your subscriptions to your U.S. Bank card in minutes, Payment Switch is the new button to try in the Bills & Subscriptions dashboard today, here's how it works and what it changes for you now.
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Original sources4
- U.S. Bank Taps Atomic to Simplify Recurring Payment Switching
U.S. Bank has launched a new tool called Payment Switch to help its customers organize how they pay their recurring bills. Customers can use the Bills & Subscriptions dashboard on the U.S. Bank mobile app to switch the payment method for recurring bills such as streaming services, cell phones, and utility bills to a U.S. Read more... The post U.S. Bank Taps Atomic to Simplify Recurring Payment
FinovateOct 19 - U.S. Bank Debuts Tool to Streamline Consumers’ Recurring Bills
U.S. Bank says it is giving customers a quicker way to shift recurring payments to a debit or credit card. Payment Switch, announced Monday (Oct. 19), lets consumers transfer payments for things like utility bills or streaming services to a U.S. bank debit or credit card via the bills and subscription dashboard on the bank’s […] The post U.S. Bank Debuts Tool to Streamline Consumers’ Recurri
PYMNTSOct 19 - US Bank launches Payment Switch to help customers move recurring bills
US Bank today announced the launch of Payment Switch, giving customers a faster way to move recurring payments – such as streaming services, cell phones and utility bills – to a U.S. Bank debit or credit card.
FinextraOct 19 - Recurring bill service ScribeUp raises $13M
ScribeUp aims to give financial institutions the ability to help consumers stay atop subscriptions and other recurring payments.
Banking DiveOct 19
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