New Solutions Disrupt the Bill Pay Market

July 30, 2019 2:00 pm ET


For financial institutions and billers alike, bill pay transactions have been similarly complicated by a need to support varied payment types, the associated support expenses, as well as limited transparency. The market is due for a new bill pay solution to improve the customer experience and to help banks and billers capitalize on the opportunities to move the market toward more digital interactions. Innovation will also enable stronger engagement between financial institutions and consumers through bill pay services at a time when those relationships are fragmenting.

Real-time payment solutions in the United States are still evolving, but the benefits they offer to the bill pay market are already getting attention. The near-instant settlement of good funds gives consumers an option to avoid late payments and the associated fines as well as provides the peace of mind that a bill was paid with certainty. Real-time payments have benefits for billers because they receive irrefutable funds that can be immediately used for other business needs

In this webinar, Mercator Advisory Group and Mastercard will discuss:

– Recent trends in consumer bill payments
– The opportunities present in the current bill pay market
– The need for payment choice
– The convenience of a digital-first solution
– The process of real-time payments in bill pay
– Mastercard’s role in market innovations through Mastercard Bill Pay Exchange

There will be ample opportunity for questions and answers after the presentation. We hope you will join us on Tuesday, July 30th at 2PM (EDT).


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