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Interesting idea. This would definitely ease the burden on consumers once you got many of the major companies that everyone pays bills to onboard. The only pr
by kkoppenhaver 14y ago
Interesting idea. This would definitely ease the burden on consumers once you got many of the major companies that everyone pays bills to onboard. The only problem I think you might have is something similar to what Mint.com and other similar sites have had to overcome, which is getting companies and consumers to trust you with their sensitive information. You would have to offer a distinct value to the companies to get them onboard, otherwise why would they use your site instead of what they've already spent money on to get their own site up and running? If you can clarify that value proposition for them, I think it's a viable idea.
- yashchandra 14y agoThanks for your feedback. Yes the challenges is getting businesses to trust this platform, being PCI compliant etc. But as a consumer, I would love something like this. I am sometimes surprised at the horrible bill payment systems that some of these guys have. For example, I once bought diamond ring for my wife (fiance at that time:) and used some special offer through a bank with 0% interest etc. Their bill payment system: only a phone call and paper statements. This was 2010. Just to check my balance, I had to call them everytime. Only way I know that they got my payment was to check my bank account and the check cashing.
- kkoppenhaver 14y agoVery true. Best of luck.
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