« RIP Debit Fees: The Winners and Losers | Main | New Online Banking Report Published: True Virtual Banking Has Arrived »

Payments Innovation: doxo Adds "Autopay with Limits" to Ebilling

By Jim Bruene on November 2, 2011 11:59 PM | Comments (0)

image Digital ebill storage and payment startup doxo announced an important new feature to its service today, the ability to automatically pay ebills that fall within preset maximum values. For example, as long as my family's wireless bill is under $250, doxo will automatically pay it and send me a confirmation message. If it's more, I get an alert advising me to take a look at my bill before it's paid.

That feature would have saved me more than $1,000 two years ago when I gave an old mobile phone to a new employee without thinking to upgrade the calling plan. I ended up paying $400 to $500 monthly bills for several cycles before I noticed it on my credit card statement. I was using estatements (which I never look at) and had no idea the charges had mushroomed from the $40/mo I'd been paying. 

image Doxo also announced the addition of AT&T to the service, perhaps the biggest biller in the country, with nearly 100 million accounts. That should provide momentum that hopefully leads to more major billers supporting the platform. The only other national biller currently participating is Sprint.

Bottom line: Payment limits should help convince more consumers to enjoy the convenience of autopay, while still maintaining the control/peace of mind they are accustomed to when paying manually.

---------

Notes:
1. Doxo added payments in February this year (see post) and demo'd at FinovateSpring 2011 (watch video here).
2. Hearst-backed Manilla is another ebilling & filing contender, with an interesting partnership with Citibank that could jump-start its service.    
3. See our recent Online Banking Reports: Paperless Billing and Banking and Email Banking: Revitalizing the Channel, for more info.

Comments (0)

Most Recent Posts:

TrackBack

TrackBack URL for this entry:
http://www.netbanker.com/cgi-bin/mt/mt-t.cgi/2590

Leave a comment

Upcoming Events

  • FinovateFall 2012 -- Join us in NYC on September 12th & 13th, 2012 for our 6th annual flagship showcase of the biggest new fintech innovations from the around the globe. Each company gets 7 minutes to demo live. No slides allowed. Come watch the future of fintech debut in the financial capital of the world! Get your ticket today and save big!
  • FinovateAsia 2012 -- On November 6, 2012, Finovate will host its first Asian conference to showcase of the newest fintech innovations from Asia and the world. Each company gets 7 minutes to demo live. No slides allowed. Come watch the future of Asian fintech debut in Singapore! Get your early-bird ticket today!

Recent Research

  • NEW! Delivering that Secure Feeling: Help consumers reduce perceived risks (for a price) - Find out more
  • NEW! Banking in Facebook: It's time to set up shop in the social network - Find out more
  • Online & Mobile Banking Forecast: Current, future and historical usage: 1994 to 2021 - Find out more
  • Selling Insurance Online (Banking Edition): Can insurance help fill the fee-income gap? - Find out more
  • True Virtual Banking Has Arrived: BankSimple, Personal Capital, Betterment and others go branchless, paperless and “bank-less” - Find out more

 

   

RSS Subscribe via RSS
RSS Subscribe to Comments



Email:


@NetBanker Twitter Feed



See all @NetBanker tweets