Doxo, a mobile and online bill payment service, has announced an integration with data network provider Plaid that will allow customers to see their bank balances in real time, helping to reduce overdraft charges.
Steve Shivers, Doxo founder and CEO, said in a company press release that the goal of the company is to help consumers reduce anxiety and avoid overdraft fees, which cost bank account holders $34 billion a year.
“Now users can better time their payments to align with their bank balance, or switch to alternative payment accounts like credit cards when needed, ” he said. “And this new capability benefits our users and billers on our network alike.”
Doxo lets users pay bills at more than 50,000 businesses with a single login. Payments can be made via credit or debit account or through Apple Pay, the release said.
Date: May 16, 2019