Wells Fargo Introduces Online Same-Day Payments

Fargo & Co. has tapped Western Union to help implement a new expedited-payment option that allows customers to make ‘just in time’ online bill payments to merchants, including mortgage companies. The service will help customers avoid missing payments or making late payments, Wells Fargo says. According to Javelin Strategy & Research, nearly three out of four consumers initiated expedited payments last year, and use is expected to continue to rise in the next five years. Wells Fargo currently offers same-day payment options for a fee with a select group of payees, and the company says additional payees continue to be added on an ongoing basis. Wells Fargo's bill pay service presents bills online for nearly 460 merchants, lenders and other billers. SOURCE: Wells Fargo, Wester


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