Mastercard to Launch Digital Bill Pay Exchange
October 10 2018 - 2:58PM
Dow Jones News
By Maria Armental
Mastercard Inc. (MA) is adding a new digital offering that would
expedite online payments, the company said Wednesday.
Bill Pay Exchange will be offered starting next year through
banks and credit unions, allowing consumers to use their mobile
banking app to pay their bills from their bank accounts faster,
cutting down the time it takes for the payment to be reflected in
their bank accounts' balance.
Bill Pay Exchange will built on Mastercard's network of more
than 100,000 billers that support traditional bank bill-paying
methods.
Partners include ACI Worldwide Inc. (ACIW), Aliaswire, Inlet and
Transactis.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
October 10, 2018 14:43 ET (18:43 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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