Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Channels

10:29 AM
Connect Directly
Facebook
Twitter
Google+
RSS
E-Mail
50%
50%

U.S. Bank Rolls Out Mobile Photo Bill Pay

The bank expects the service to entice customers to migrate to digital channels.

U.S. Bank formally launched its mobile photo bill payment service for retail customers today.

The bank announced in December it was partnering with Mitek Systems on the offering, which allows U.S. Bank customers to set up bill payments by snapping a picture of their bills with their camera-enabled smartphone or tablet.

[Related Content: U.S. Bank to Offer Mitek's Mobile Photo Bill Pay ]

The solution is similar to mobile remote deposit capture. Once the photo is taken the customer is able to verify the payment date and amount on their mobile device before sending the payment request to the bank. Customers can also set up electronic bill payments and recurring bill payments with the service.

Chris Peper, VP of mobile channel management at U.S. Bank, previously told Bank Systems & Technology the service should encourage customers to migrate to digital channels.

"This encourages our customers to go to our digital channels and will help pull our online customers to our mobile services," he has said.

According to the bank, mobile photo bill pay adoption is set to reach 33 percent among adult U.S. consumers by 2018, and result in 1.4 billion bills migrating to the mobile channel,

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.