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Companies partner on bill pay card for unbanked
SANTA CLARA, Calif. and AUSTIN, Texas (6/4/09)--Credit unions might be interested to know that Billeo and NetSpend have partnered to offer an online service that aims to help the unbanked pay their bills online. Billeo Inc. provides services for consumers to make online purchases and bill payments. NetSpend Corp. provides prepaid debit cards. With the NetSpend card, consumers can access a menu of more than 9,200 company websites where they can search for billers and instantly pay bills. Cardholders also can download a bill management toolbar to help them save their card information in a secure eWallet, save website passwords and fill out forms. Millions of Americans do not have traditional savings or checking accounts and use check-cashing services to pay their bills in person, according to the companies. “This service is designed to give these consumers more control over their money,” said Murali Subbarao, Billeo founder and CEO.


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