Verizon plans to charge a ‘convenience fee’ to pay your bill
The country’s largest wireless carrier, Verizon, will begin charging its subscribers a $2 “convenience fee” to pay their bills.
The only way to avoid this fee is to sign up for automatic payments through Verizon’s website, according to a report from Droid-Life. The new fee will go into effect beginning Jan. 15, 2012. Verizon’s actions follow the same policy Sprint implemented earlier this year to get more people signed up for automatic payments.
Verizon subscribers … Continue Reading
Bank middle-manager BankSimple raises $2.9M to not be a bank
BankSimple, the not-quite-a-bank provider of front-end services for a number of treasury-focused banks, raised $2.9 million in its first round of funding. First Round Capital, IA Ventures and Village Ventures led the round.
Again, BankSimple is not a bank. It’s a provider that manages user experiences for banks. Chief executive Joshua Reich likened it to the way gift-card operators work.
The company partners with banks that are exclusively interested in the back-end parts of banking … Continue Reading
