BankingBanking Risk ManagementU.S. Bank rolls out new eBill service

U.S. Bank rolls out new eBill service

U.S. Bank continues to focus on payments innovation since the new eBill Service offers simplicity, speed, and flexibility in bill payments

U.S. Bank, has launched a new eBill Service, a simple-to-use electronic bill presentment and payment solution designed for both billers and payers.

For billers, eBill Service streamlines operations, reduces billing costs and delivers innovative payment experiences. For payers, it provides numerous flexible payment options — from online and mobile to text, digital assistant, and Intelligent Voice Response (IVR).

U.S. Bank eBill Service is a simple-to-use solution for government agencies, higher education, insurance companies, utilities and other industries that serve consumers and small businesses. eBill’s built-in security ensures data and privacy protection meet standards for PCI DSS, HIPAA / HiTech and the website is ADA WCAG 2.0 compliant.

Rich Erario, executive vice president and head of Global Treasury Management at U.S. Bank said: “U.S. Bank eBill Service helps billers get paid faster by giving customers simple, secure ways to make payments how, when, and where they want. Flexible and efficient digital payment options provide important working capital benefits for our clients. To deliver these capabilities and the best service, we teamed up with Alacriti, an organization that shares our commitment to payments innovation.”

Manish Gurukula, co-founder and CEO of Alacriti commented: “Alacriti is proud to collaborate with U.S. Bank, a recognized leader in faster payments, to introduce this enhanced e-billing solution to U.S. Bank’s commercial and corporate clients.”

Payments and financial services innovation

U.S. Bank, recognized as a bank in 2019 World’s Most Ethical Company list by Ethisphere Institute, keeps payments and financial services innovation at the forefront. As the bill-pay market continues to evolve, U.S. Bank is committed to staying focused on developing solutions that help billers stay a step ahead. The bank’s collaboration with The Clearing House was instrumental in bringing real-time payments on the RTP® network to market in 2017. Since then, U.S. Bank has continued to stay at the forefront of emerging technology meant to meet clients’ ever-changing needs.

The bank was instrumental in bringing real-time payments (RTP) to market through its 2017 collaboration with The Clearing House.

Two months ago, the Federal Reserve announced that it will be developing a 24/7 instant payment system in US and the proposed payment system demonstrates an important effort by the Board to bring the US payments services closer to those of other major economies. The Global Treasurer discusses who will be the real winner and what does the update mean to corporate treasurers?

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