Citi checking account customers can now use ThankYou Points for their bill payments. Citi ThankYou Rewards members can earn ThankYou Points across their Citi banking and credit card relationship and use these points to pay virtually any bill online including phone, cable and electricity.
“We want our members to have the choice of using their points when and how they want,” said Mary Hines Droesch, Head of ThankYou Rewards at Citi. “Whether you want to pay this month’s cell phone or utility bill due next week, ThankYou Rewards lets you decide how you use your points.”
With just a few clicks, Citi ThankYou Rewards members can use their ThankYou Points – and their ThankYou enrolled consumer checking account – to pay bills online.
On the day of the scheduled payment, points will be redeemed for cash and deposited into the customer’s checking account. The full bill payment will then be paid from the checking account on that day.
Citi’s ThankYou Rewards initiative offers members the ability to combine points earned from their Citi banking relationship and Citi credit card purchases and redeem for thousands of rewards.
Mastercard is working with Stripe to expedite the payment process for American sellers on the latter's marketplaces using the instant payouts feature from Stripe.
Lloyds has launched biometric finger print authentication for mobile banking.
Barclaycard has partnered with Case Station, a company that makes personalised phone cases, to embed contactless technology in the latter's smartphone cases.
Digital challenger bank, N26, which has been live for one and a half years and has more than 200,000 customers, rolled out a new feature that allows its customers to transfer money using Siri. All they have to do is talk to it.