Dec 082014

Smartphones have become powerful devices that enable users to do more and more with them. Each day, new abilities are heard of and each day, expectations of the users increase. In the bill payments space, a strong player can make use of this opportunity and grab the market. TIO MobilePay is striving to make this true with the launch of their mobile bill pay app.

The app is available on Android and iOS devices and has a simple and easy to use interface. It is a one-of-its-kind app in the United States that allows users to make expedited, same day and last minute payments using credit cards to thousands of billers. According to them, users can pay any bill with this app at affordable rates.

TIO MobilePayReminders can be set up, which prompt the app to send reminder emails, right on the phone. The app has bank level security and is bank independent. It has personal finance management tools as well. Over 6000 billers across the US are supported, which covers most billers in the country. Unlimited number of billers can be added and multiple bills can be paid with the app.

It is so easy to pay a bill with TIO MobilePay; it is a 3 step process, which involves selecting a bill, entering the amount and verifying/finalizing the payment. At present, payment methods supported are Visa and MasterCard debit/credit cards. There are plans to include PayPal, direct debit and many more methods. Bills paid are processed in real time and information is stored securely.

Payment history is stored in the app, as well as in the user’s email, helping them manage their money efficiently. Prices are between $2.99 and $3.99 for regular payments, that take anywhere between 1 and 4 business days to complete. For same day payments, prices are between $5.99 and $6.99. Users who want to try this service can download the app from Google Play or iPhone App Store.

Sep 092014

By Mohammed Waseem

American Express has this product called Bluebird, which has many features including bill pay. It is a complete solution for personal financial management. Just like any other bill pay service, Bluebird makes it easy to have all bills paid. In fact, users can pay any individual apart from paying bills. This saves them the time to visit a bank or biller’s premises and costs of stamps, envelopes and other related services.

Users can pay bills online or using the Bluebird mobile app. To pay a bill, one has to be a registered user and has to login to the Bluebird account. Among the many features, ‘Pay Bills’ has to be chosen. After having done that, a payee has to be added from the existing list or a new payee has to be added.

BluebirdOnce a payee has been added, payment method has to be chosen and the amount has to be keyed in. In order to submit the payment, a PIN has to be entered, which is usually set in advance. Once submitted, confirmation is displayed and recorded in the Bluebird account. Following every payment, a confirmation email is sent to the user.

There is a monthly limit of $10000 for payments to payees listed in the Bluebird Bill Pay System and $5000 for non-registered payees. It takes between 4 and 7 working days to complete the payment, so the user has to schedule the payment well in advance to avoid late fees.

By using this service, users can also earn points that can be redeemed later. Any bill from rent to a car payment can be paid with no additional fees. Taxes can also be paid with this service.

In order to register for the service, one has to fill in this form and start using Bluebird to manage all personal finances including bills payable.

May 092014

By Mohammed Waseem

Bangladesh is the country which has the highest density of population in the world. Bill Payment has traditionally been done by visiting the biller, which is true for most developing countries. Thanks to the advancement of technology, online bill payment has been introduced in Bangladesh for secure payment, any time and anywhere.

Load Bill, a website where the residents of Bangladesh can make online bill payment to utilities and other billers aims to make the lives of the residents easier by eliminating their visits to billers’ offices and by helping them manage their expenses. The website also supports online checkout where, a customer shopping online has to click on the “Load Bill” button to use the service.

Online Bill PayThey offer several methods of payment to ensure flexibility. They also offer features such as automatic payment, payment scheduling and periodic reports. They guarantee timely delivery of the payment and notify the user about the status of the payment. Users can also buy credit for their mobile phones on their website.

In order to reach remote places where internet can not reach, they have hired agents and work hard to add more agents. These agents help the residents have their bills paid from one place. More information can be obtained from their website; residents of Bangladesh can begin using their services by registering for an account.

Apr 202014

By Mohammed Waseem

Electronic bill payment is being introduced in all parts of the world with the advancement of technology and with the introduction of innovative ways to make payments. We have some exceptional technologies that we learnt from African countries; M-Pesa, for example, the mobile wallet system which was introduced first in Kenya and later introduced in many other countries under different brand names.

M-Pesa users can pay bills from their mobile wallets at any time in all countries where M-Pesa is operational, which are predominantly in Africa. It is a very easy and convenient way to pay bills; a user can pay right from his/her mobile phone. All one has to do is register for M-Pesa, select ‘Pay Bill’ from the M-Pesa menu, enter the biller account number and the customer number, enter M-Pesa PIN  and confirm the details.

Africa Bill PayApart from M-Pesa, Africa has other bill pay options such as bill payments through Africa Financial Center (AFC). Through them, users can pay various bills such as utilities, education, mortgages, etc. They accept payments online.

Similarly, there are local bill pay options in various countries, such as South African Post Office Bill Pay, EasyPay in South Africa and other African countries, Airtel Money in many countries and so on. A company called Paymenex offers bill presentment and payment solutions in many countries around the world, which also include countries of Africa.

Many mobile wallets have integrated bill payment into their services, including those offered by Celpay in Zambia, Zimbabwe and Tanzania, MTN Mobile in Rwanda and elsewhere, and M-Sentle in Uganda.

African population generally prefer the pay-as-you-go model instead of the subscription model, which resulted in low adoption rates for many online and mobile bill pay services. There are efforts from a few companies and it is hoped that the adoption rate will increase gradually, if not rapidly.

Mar 192014

By Mohammed Waseem

ProfitStars, a leading software, solution and technology innovator has a bill payment solutions for retail banking customers including small businesses. They are a Jack Henry Company, operating as a diverse, global division of the latter.

More than 4000 financial institutions already use their solutions called iPay Solutions which are meant for online bill pay and mobile bill pay. There are 5 different products offered under iPay solutions. There is Consumer Online Bill Pay which is meant for individual consumers, there is Biz 2.0 for businesses to make payments including payroll, there is BillSimple for billers. TheWayIPay for person-to-person payments and Mobile Bill Pay for iPhone and Android users.

iPay SolutionsThey also have iPay OneClick, which supports single or recurring payments with other web banking providers and Andiamo, which provides a single view of aggregated data from multiple financial institutions in a mobile application. All of their solutions are available for businesses and not for individuals. So, if individuals use their services through their online banking accounts.

iPay Online Bill Pay offers several options such as single, recurring and automatic payments when it comes to paying a bill. Recurring payments can be setup weekly, monthly, annually or at any other frequency. Single payments can also be made to individuals on their email address or electronically or by sending them a check.

The payments calendar displays all the past, pending and future bills for the better convenience of the user. Reminders can also be setup in order to avoid missing a due date. When a payee has been added and a bill is being paid, the amount of the last bill paid is displayed on the screen and it is displayed every time a user pays a bill, so that they don’t have to go elsewhere to check this information.

Notifications can be received by email or text message or both, as chosen by the user, which includes a report of bills paid. E-bills can be received directly on the online bill pay account for supported billers. E-bills history for 18 months can also be viewed online.

iPay Solutions is a comprehensive solution for businesses which includes all services which a good bill pay service should have. Many American companies already use their services, and the customers can access online bill pay from their online banking accounts or their mobile phones.

Feb 052014

By Mohammed Waseem

Bill payment has become very easy with the introduction of mobile payment systems. Many companies launched apps for smartphones, which enable bill payment and management right from the mobile device or tablet. Mobilligy, a mobile app for various platforms offers services ranging from bill management, reminders to paying the bills.

The app is available for Android, iOS, Windows and Kindle Fire. The service is available for free at no monthly charge. One can make payments and control bills from anywhere with payment options such as debit cards, credit cards and bank accounts. The process of bill payment once a biller is setup and a payment option is linked is so simple that it just takes a swipe and the payment happens.

Mobilligy Bill PayMobilligy’s interface shows which bills are due in the coming days and reminds the user before the due date, helping them avoid late fines. The app also has a bill calendar which shows upcoming bills. Automatic payment can also be setup for payment through the app. You can add your credit card, utility, auto loans, mortgage, etc. to the app and setup monthly payments. All you have to do is download the Mobilligy app and add all the billers. All due bills and recent payments made are found by Mobilligy and added to the app, users can then make payments. New billers would be added if a significant number of users demand for it.

With Mobilligy app, you can view upcoming bills, view notifications, view and add billers, view and setup payment accounts, view reminders, invite friends to use Mobilligy and read news from Mobilligy. The app can also be PIN protected to avoid unauthorized use. Mobilligy can be used from more than one devices and the app allows management of devices used to access the service.

So, with Mobilligy Bill Pay, you will never miss a payment and will avoid paying late fees at no extra cost. And according to them, the app has bank level security which is much better than other bill payment apps.

The app is good and secure, free and convenient but the downside is that it is that the app’s interface is less user-friendly which needs some attention from the developers.

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