U.S. Bank rolled out a new and improved bill pay solution with fintech partner, . This is an example of U.S. real-time payments being deployed through The Clearing House, RTP network.
The eBill Service provides payers the opportunity to pay bills at the last minute (which most do) and still have payments make it on time to avoid late fees. The service is offered through several devices, online, mobile, IVR and digital assistants to provide options to as many users as possible to users.
On the biller side of the equation, the solution can streamline the reconciliation process through enhanced data and may improve cash flow. Here’s more from the company’s press release: