Latest news with #BillPay
Forbes
5 days ago
- Business
- Forbes
Business Technology News: Intuit Introduces QuickBooks Bill Pay
Signage for financial software company Intuit at the company's headquarters in the Silicon Valley ... More town of Mountain View, California, August 24, 2016. (Photo by Smith Collection/Gado/Getty Images). Here are five things in tech that happened this week and how they affect your business. Did you miss them? This Week in Business Tech News Business Technology News #1 – Intuit introduces QuickBooks Bill Pay. Intuit has launched QuickBooks Bill Pay – a fully integrated solution aimed at streamlining business-to-business payments and automating accounts payable (AP) for small and mid-sized businesses. Some of its capabilities include automated bill creation. Businesses can forward their vendor invoices to QuickBooks, which auto-generates bills for review and approval. Flexible payment options allow vendors to be paid via ACH transfers or paper checks. Digital records store bills and payments in one place improving financial visibility. Transactions are automatically recorded and matched in your books, reducing manual entry up to 48 percent. QuickBooks Bill Pay has three pricing tiers – Basic (free), Premium, and Elite – each offering different levels of ACH payments, automation, and team controls. (Source: The Paypers) Why this is important for your business: This was inevitable. For years QuickBooks has been integrating with other similar services like BILL, which are all great. But now Intuit has decided to offer their own. On the plus side it should ultimately be seamless and easier to integrate. But on the other side products like BILL will offer more features and likely better support as this is the flagship offering. Regardless, all businesses using QuickBooks should be investigating and implementing automatic bill paying services to save time and increase productivity. New AI-based features will make these products even more powerful soon. Business Technology News #2 – Google's AI can now make phone calls for you. Google has just rolled out a major upgrade to its Search experience – AI-powered phone calls. The AI calling agent can call local businesses on your behalf based on the query entered in Search. Example – if you search for 'pet groomers near me,' you'll see an option to 'have AI check for availability.' Google's assistant will make the calls and summarize the results. It will then ask follow-up questions like when you need the service and how you want to receive updates. \ (Source: The Verge) Why this is important for your business: I do believe that automated phone calls will continue to grow in popularity. Our job as business owners is to be prepared to receive these calls. Will training be required? Will Google offer some way to automatically accept these calls without humans in our companies being involved? Business Technology News #3 – Microsoft promises to crack one of the biggest problems with Windows 11: slow performance. Microsoft is tackling one of Windows 11's biggest complaints: sluggish performance, especially on older PCs. In preview builds, Microsoft collects performance logs when testers experience slowdowns. These logs are stored locally and only sent to Microsoft if users submit feedback via the Facebook hub – 'System Sluggishness.' By expanding the scope of performance data, Microsoft hopes to pinpoint and fix speed-related issues more effectively. Common pain points include laggy File Explorer and slow search functionality. Microsoft is prioritizing these in its performance initiative. This effort is part of a broader push to make Windows 11 faster and more responsive, especially for users who've found it less snappy than Windows 10. (Source: TechRadar) Why this is important for your business: Frankly, I have not heard reports about slow Windows 11 performance from clients using the operating system but if Microsoft is doing this it's clearly a problem somewhere. To be sure make sure all of your devices are regularly updated the most recent version of the operating system and don't ignore notifications that new updates are available. Business Technology News #4 – Insurers making the turn to agentic AI – report. Insurers are cautiously embracing agentic AI – a form of artificial intelligence that can autonomously manage complex tasks and workflows. According to a new report from the Capgemini Research Institute, 20 percent of insurance firms are piloting agentic AI, and 12 percent have implemented it at scale. However, only 4 percent fully trust these systems as confidence in fully autonomous AI agents dropped from 43 percent to 27 percent over the past year due to concerns about accountability, explainability and ethical use. Insurers are integrating AI agents into workflows to assist brokers, underwriters, and service teams, embracing human-AI collaboration. Capgemini estimates agentic AI could generate up to $450 billion in value by 2028, but reaching that potential will require strategic investments, governance, risk frameworks and organizational design. (Source: Insurance Business) Why this is important for your business: This industry is ripe for agentic AI. The process of evaluating, approving and then writing up an insurance policy can be repetitive and doesn't have to require as much human effort as what's currently being spent. I'm sure that no insurance company is relying on agentic AI to do this right now but I can understand why they're investing in and testing these options heavily. As with so many other things around AI these are things that will be common in the not so distant future. Business Technology News #5 – Slack gets smarter: New AI tools summarize chats, explain jargon, and automate work. Slack is stepping up its AI game with a suite of new features designed to make workplace communication smoother, smarter, and more productive. An AI assistant embedded in Slack Canvas can generate project briefs, extract action items, and reformat meeting notes – all from your conversations. Enterprise Search lets connected users search across connected apps like Salesforce, Google Drive, and Microsoft Teams from one interface, turning scattered data into actionable insights. Hover over acronyms or jargon and Slack will instantly explain them using your organization's unique vocabulary and history. Slack can also identify and highlight follow-ups and deadlines from messages where you're mentioned. Slack Huddles now include automatic transcript and summaries. (Source: VentureBeat) Why this is important for your business: According to VentureBeat Salesforce – Slack's parent company – is also restricting external AI access to Slack data, betting its native tools will outperform third-party alternatives. If you're relying on Slack for your communications and workflows it's important that you understand and start testing these new features internally. I strongly recommend getting training from a Slack week I round up five business technology news stories and explain why they're important for your business. If you have any interesting stories, please post to my X account @genemarks
Forbes
15-07-2025
- Business
- Forbes
BofA Pulls the Plug on Bill Pay: Charge Ahead With The New Payment System
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Bank of America is updating how it processes personal credit card payments. Starting August 23, 2025, it will deactivate the Bill Pay service for personal Bank of America credit card payments. Any scheduled or recurring payments set through Bill Pay to your own or someone else's personal Bank of America credit card , with processing dates on or after August 23, will be automatically canceled. Starting August 23, 2025, Bill Pay will no longer support personal Bank of America credit card payments. Any one-time or recurring autopayments set up through Bill Pay for these cards will be canceled if scheduled on or after that date. However, Bill Pay will still work for non-Bank of America payments—like those to Verizon or another credit card issuer—so you won't need to make changes there. Additionally, this transition will discontinue the current eBill reminders you have set up through Bill Pay. To get alerts, reenroll by logging in at . Customers must now use the bank's redesigned Pay & Transfer hub within Online or Mobile Banking for all future credit card payments instead. Bank of America says the update aims to simplify and centralize credit card payments under one streamlined interface. The revamped Pay & Transfer section will let customers: view all payment activity in one place. schedule recurring payments that align with statement due dates. use external checking accounts from other banks for payments. The goal is to provide greater clarity and control for customers rather than requiring them to manage separate interfaces for bill payments and transfers. Any scheduled payments to your Bank of America credit card (one‑time or recurring) via Bill Pay set for August 23 or later must be canceled before that date. To avoid missed payments, you'll need to set them up again using the Pay & Transfer system within Online or Mobile Banking. Here's how to complete the process: Log in to Online or Mobile Banking. Navigate to the Bill Pay Payment Center. Locate each scheduled payment and click Cancel. Navigate to Pay & Transfer, then Transfer. Set up your payments again using a Bank of America account or an external account. If you prefer automatic payments, recreate the autopay schedule via the Pay & Transfer system, with options that better align with your statement schedule. Be sure to reenroll in eBill or payment reminders, since existing alert subscriptions linked to the old system will no longer apply. Remember that August 23, 2025, is the firm deadline for this change, and any payments still routed through your current Bill Pay setup after that date may fail. To avoid a hiccup, cancel your existing Bill Pay arrangements before the cutoff and switch to Bank of America's new Pay & Transfer system, now the exclusive way to handle personal credit card payments. Once you've made the switch, you'll also need to reenroll in account alerts and payment reminders so you never miss a due date. *The information for the following card(s) has been collected independently by Forbes Advisor: GO2bank Secured Visa® Credit Card . The card details on this page have not been reviewed or provided by the card issuer.
Yahoo
08-05-2025
- Business
- Yahoo
Gusto Taps Melio to Launch Bill Pay and Invoicing Solution
Gusto Users Can Pay Vendors And Send Invoices From The Same Place They Manage Payroll, Providing Flexible Payment Options And Automated Bill-Uploading Features NEW YORK, May 08, 2025--(BUSINESS WIRE)--Melio, a leading accounts payable and receivable platform, and Gusto, a payroll, HR, and benefits provider trusted by more than 400,000 small and mid-sized businesses, are partnering to make it easy for businesses to pay employees, contractors, vendors, and get paid via invoices seamlessly from one platform. Gusto is the latest in a growing list of financial institutions, SaaS providers, and e-commerce platforms to choose Melio's embedded accounts payable and receivable solution to offer their customers seamless pay-in and pay-out solutions. Melio's comprehensive financial management platform provides control, automation, and flexibility, making it the ideal solution for institutions seeking a one-stop shop for key financial services that help their business customers operate and grow. Today's small and mid-sized business owners have two main expenses: payroll and vendor payments. For more than a decade, Gusto has enabled businesses to quickly and compliantly hire, pay, onboard, and manage their teams. Now, Gusto is launching Bill Pay to help customers easily manage and pay all vendor payments and business expenses, directly within its platform. Using Melio's embedded accounts payable technology, Bill Pay will enable Gusto customers to keep all of their payments in one place, while maintaining control and visibility over their cash flow. Melio's technology provides more flexibility for SMBs since they can pay suppliers or vendors with an ACH transfer or credit card, even if the vendor does not accept a credit card payment. Vendors can choose how they want to receive the payment, whether it's through check or bank transfer. Additionally, bills can be uploaded to the platform by taking a picture, automatic extraction from a user's email, or syncing with leading accounting software, eliminating the need for manual entry. Melio also provides Gusto users with an integrated accounts receivable solution, Gusto Invoicing, which enables businesses to send invoices to their buyers and get paid quickly, helping to manage cash flow. B2B payments are the bedrock for buyer-supplier relationships, but many SMBs still use disparate or manual accounts payable and receivable processes that create inefficiencies. Melio's solution simplifies the entire payment and collection process, strengthens relationships with vendors and customers, and gives businesses more cash flow control and visibility into expenses. "The combination of Gusto's extensive payroll capabilities and Melio's accounts payable and receivable automation solution creates one payment and invoicing platform so that SMBs can focus their time and energy on what matters to them most – running their businesses," said Matan Bar, CEO and co-founder of Melio. About Melio: Melio is a business payments platform that helps small and medium-sized businesses (SMBs) control their cash flow and streamline payments for better financial management. Melio empowers businesses to optimize operations, automate workflows, and stay financially agile so they can focus on growth and success. Melio also powers embedded B2B payments for financial institutions, SaaS providers, and marketplaces, transforming how businesses move money. In addition, Melio provides a dedicated solution for finance teams and accounting firms, equipping them with the tools to boost efficiency, manage approvals, and drive better financial decisions. About Gusto: Gusto is a modern, online people platform that helps small and medium-sized businesses take care of their teams. In addition to full-service payroll, Gusto offers access to health insurance, 401(k) integrations, HR experts, employee self-onboarding, and team management tools. The company serves over 400,000 businesses nationwide and has offices in Denver, New York City, and San Francisco. For more information, visit View source version on Contacts Propel Strategic CommunicationsDeeDee Rudenstein, 267-521-9654drudenstein@
Yahoo
07-05-2025
- Yahoo
Woman in Lumberton pleads guilty to bank fraud
RALEIGH, N.C. (WNCT) — On Wednesday, May 7, 2025, a woman in Lumberton, N.C. pleaded guilty to bank fraud and misuse of social security numbers. Jillian Scott, 31, faces a maximum penalty of 35 years in prison. Court documents say that Scott was employed as a customer call representative at State Employees Credit Union (SECU) and worked remotely from her home on a laptop issued by SECU. Through this position, Scott had access to personal and account information of SECU members. Between November 2018, and June 2021, she used her position to access the bank accounts of more than 20 customers who had called the member service line regarding their accounts. The customers were unaware that Scott was accessing their accounts. Scott would use the personal information she got from customer's accounts to create fake PayPal and CashApp accounts, and Bill Pay checks in their names. She would then use these accounts to transfer the customer's money to her own bank accounts. Scott made nearly 700 fraudulent CashApp transactions, 120 fraudulent PayPal transactions, and 47 fraudulent Bill Pay transactions, for a total loss of nearly $80,000. Daniel P. Bubar, Acting U.S. Attorney for the Eastern District of North Carolina made the announcement after U.S. District Judge Terrence W. Boyle accepted the plea. The United States Postal Inspection Service is investigating the case and Assistant U.S. Attorney Toby Lathan is prosecuting the case. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to WNCT.
Yahoo
07-05-2025
- Yahoo
Lumberton bank employee pleads guilty to nearly $80,000 fraud scheme
RALEIGH, N.C. (WBTW) — A Lumberton bank employee pleaded guilty to a nearly $80,000 fraud scheme and faces 35 years in prison, the Department of Justice said Wednesday. Jillian Scott, 31, worked as a customer call representative for State Employees Credit Union and worked remotely on a bank-issued laptop, according to the DOJ. As an employee, she had access to both the personal identifying information and account information of the bank's members. Between November 2018 and June 2021, Scott used her position to access the bank accounts of more than 20 customers, the DOJ said. The customers were unaware that Scott had repeatedly accessed their accounts for 'reasons unrelated to their customer service call.' 'As part of the scheme, Scott used the personal identifying information from the customer's accounts to create fraudulent PayPal and CashApp accounts in their names,' the DOJ said. 'Scott then used these fraudulent PayPal and CashApp accounts to transfer money from the customers' SECU accounts to bank accounts owned and controlled by her.' Scott also created fraudulent Bill Pay checks, which she used to move money from the customer's accounts into her own, according to the DOJ. In total, Scott made nearly 700 fraudulent CashApp transactions, 120 fraudulent PayPal transactions, and 47 fraudulent Bill Pay transactions for a total loss of nearly $80,000. Scott will be sentenced later this year and faces a maximum of 35 years in prison. * * * Caleb is a digital producer at News13. Caleb joined the team in January 2023 after graduating from Liberty University. He is from Northern Virginia. Follow Caleb on X, formerly Twitter, and read more of his work here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to WBTW.
