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U.S. Bank Debuts Tool to Streamline Consumers’ Recurring Bills

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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.

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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 mobile app without visiting every merchant site or third-party service.

That dashboard shows users upcoming charges, spots spend patterns and offers insight if a recurring payment changes from previous months,

This is designed to help “customers catch increases, avoid surprises and decide what subscriptions they want to keep,” the bank said in a news release.”By simplifying how customers see and manage their recurring payments, U.S. Bank makes it easier to stay in control of their finances.”

Payment Switch was developed in tandem with FinTech provider Atomic, which also powers U.S. Bank’s automated direct deposit setup. This new capability is the third component of U.S. Bank Easy Switch, a tool that helps customers quickly move their banking relationship to U.S. Bank.

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It’s also one of several recent additions to the bank’s larger Bank Smartly customer experience, along with checking, savings and a Visa card program.

Recent PYMNTS Intelligence research shows that many consumers are not paying bills in the manner that they want to pay.


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