Mobile bill payment app
The new partnership will develop a mobile bill payment app for Boost Mobile and Virgin Mobile customers in the US (view press release). No-contract, prepaid customers on these networks will be able to use the app to pay bills to national, regional and local service providers directly from their mobile phone. The app will be compatible with Visa and MasterCard credit/debit cards and is due for release on all Boost Mobile handsets this month.
Steve Taylor, PreCash CEO says “PreCash has been processing bill payments for wireless carriers and other billers for more than ten years, and we are excited about this opportunity to help the no-contract brands penetrate the emerging mobile wallet market.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
