US Bank is to use technology from Mitek to enable consumers to set up bill payments by simply snapping a picture of their paper bill using their camera-enabled smartphone or tablet.
This sounds remarkably similar to the MasterCard Mobile product that is in use in Hungary and other countries. This seems to have a similar Payee registration process, with this though it is simple to scan a bar code/QR code and select pay on the tablet
or smartphone and the payment is done.
competitive base, commission, benefitsZurich or Geneva, Switzerland
© Finextra Research 2014