Smart billing system could let customers avoid paying bills online
NEW YORK — A new type of smart billing can make it easier for consumers to avoid paying online bills, but it comes with a price.
A new type has been proposed to simplify the process of billing customers, and it could lead to a rise in online bills for some customers, according to a report from the Wall Street Journal.
“Smart billing” is a technology that uses data to predict a customer’s behavior.
It’s the latest addition to a long list of billing innovations that could help consumers avoid being billed for bills they don’t actually owe.
Under the proposal, the bill could be sent to a bank account that can collect the information on customers.
This could be a bank that’s not connected to a wireless network, for example, or a billing service provider that charges fees to consumers when they’re not online.
The system could also track when customers use the service.
In this case, the bank could automatically add the bill to the user’s bill, and if a customer doesn’t pay, it could refund the money to the bank.
To use the technology, the person needs to have an account on a wireless or cloud-based billing service that can track customers.
They would also need to be able to send the information to the billing service.
In addition, the user would have to have a credit card number that could be tracked to the bill.
That number would be used to track how much money is owed and how long the payment has been on the card.
This could be helpful if someone is delinquent on a payment, says the WSJ report, because the bill can be sent from the bank to the person’s bank account without having to pay the bill directly to the card issuer.
It could also help consumers pay for a service they never use, or if they have a car that’s a big expense.
But it could also make the process even more cumbersome for consumers, says The Wall Street Joke.
It could make the payments a lot more complicated, which could mean consumers could end up having to spend more money just to make sure they get a bill paid, the WSJB says.
While smart billing is expected to have positive effects on consumers, some customers might find it more challenging than expected, the report says.
If a consumer has a credit history, for instance, he could get stuck with an extra fee that could add up.
“It would be nice if the bill is sent to the right account,” said Chris McWilliams, CEO of New York-based startup Batter.com, which has been exploring smart billing for a while.
But “the current situation with banks is that they’re using a centralized bank, and there are lots of ways for banks to monitor transactions that can make the bill even more complicated.”
For the WSJD, the technology is one more step in an evolving payment landscape that is changing more quickly than anticipated, with the advent of mobile payment and credit cards and the rise of e-commerce.
Batter.io and its competitors are trying to make it simpler to track the payments made on smart cards and smart contracts.
They also are hoping to use this technology to make payments in the future.
“We’re building out the next generation of smart payment, which will allow us to build new payment platforms that can integrate with the Internet of Things,” McWilliams told the WSJJ.
“That means we’re building a system that can do this for the next 100 years.”
This story has been updated to include a statement from New York State Department of Financial Services.