U.S. Bank Launches Payment Switch Tool
U.S. Bank introduces mobile app feature to move recurring bills to cards.
In brief
U.S. Bank introduces mobile app feature to move recurring bills to cards. U.S. Bank's Payment Switch lets customers transfer utility and streaming payments to debit or credit cards via mobile app without third-party sites. Originally reported by Pymnts.
U.S. Bank Launches Payment Switch
U.S. Bank introduces mobile app feature to shift recurring payments to debit or credit cards without third-party sites.
“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.”
Payment Switch Dashboard Features
The dashboard shows upcoming charges, spend patterns, and recurring payment changes from previous months.
U.S. Bank Easy Switch
Payment Switch is the third component of U.S. Bank Easy Switch, a tool to move banking relationships to U.S. Bank.
Consumer Payment Preferences
55% of consumers prefer credit card payments but only 18% use them regularly, according to PYMNTS research.
What matters most
U.S. Bank's Payment Switch lets customers transfer utility and streaming payments to debit or credit cards via mobile app without third-party sites.
