Mastercard has announced that they will be launching ‘Bill Pay Exchange’ this will allow consumers to view, manage and pay telecom, utility, rent, credit card, mortgage and other bills. Before you get too excited, payments are made from your bank account rather than being able to use a credit card or prepaid Mastercard (update the image does show credit card as a payment from option. Individual banks and credit unions will offer Bill Pay Exchange and Bill Pay Exchange links to The Clearing House’s (TCH’s). This is an interesting development considering Mastercard’s recent partnerships/deals with Plastiq.
