SUNNYVALE, Calif., Jan. 31, 2018 (GLOBE NEWSWIRE) -- Handle Financial today announced that more than $1 billion dollars in bills have been paid through Prism, its popular mobile app dedicated to helping consumers take control of their finances. The milestone comes as Prism’s biller network, the largest of any financial app with more than 11,000 supported billers from around the country, continues to expand. As the only financial management tool that allows users to automate tracking bills and account balances, enable mobile reminders for due dates, and make free bill payments, all in real-time, Prism’s user base grew substantially in the last year. Adoption is expected to climb even higher in 2018 with the addition of payment options exclusive to the app.
The new payment options provide even greater convenience to consumers. They enable users to pay supported billers with credit or debit cards, even if those billers don’t provide that option themselves. For example, certain types of bills, such as auto loans or utilities, often cannot be paid with a card. Many billers only accept payments directly from a bank account. Prism’s new payment options work behind the scenes to convert card payments to ACH. For a small fee, Prism users can pay any bill via methods that aren’t typically available to consumers, giving them greater flexibility.
Based on its early success, Prism plans to add other payment options such as cash payments, social money apps, and third-party wallets. Prism also plans to increase the number of billers that users can link to and pay within the app.
The average American juggles 9.8 bills every month, and for many, it’s a complicated, tedious task. Prism simplifies this process by compiling real-time bill information in an easy-to-navigate, centralized app. Users can link bills within Prism to automatically receive up-to-date bill totals organized by due dates, and then select from multiple payment options, like credit, debit, prepaid cards, or bank accounts.
In reviews, customers write about how Prism’s automatic syncing for accounts, bill due dates, and bill totals have a positive impact on their finances. "THANK YOU for coming into my life Prism! I haven't over-drafted or missed a payment since I installed it!" "It syncs to my bills precisely - no more guessing." Users are particularly happy they no longer need to log into multiple sites to check bill totals or pay them. "Lifesaver!. . . .[I] don't have to spend 30-45 [minutes] trying to log in to different sites to pay my bills, Prism lets me do it all from the app!!"
“Financial stress is one of the biggest issues families and individuals face. We created Prism to help them easily manage their finances and stay in control of bills at all times so that they can reduce or eliminate this stress once and for all,” said Richard Kang, Senior Vice President of Consumer Channel, Handle Financial. “Consumers have wholeheartedly embraced Prism and the power it gives them, as we’ve experienced through its widespread adoption. We look forward to helping even more users get ahead in 2018.”
The app is currently available on iOS, Android, Kindle, and Windows devices. For more on Prism’s exclusive payment options, visit https://www.prismmoney.com/help/topic/prism-exclusive-payment-options.
About Prism
Prism, a service of Handle Financial, is the only financial management tool that gives users a clear picture of their banking and bills in an easy-to-navigate app and enables them to make same-day payments faster than bank bill pay and other service providers. Users get up-to-date account monitoring and can pay bills using debit/credit cards and ACH with just a swipe within the app. Follow Prism Money on Twitter, Facebook and LinkedIn: @PrismMoney. Follow Handle Financial on Twitter @HandleFinancial.
© 2018 Handle Financial, Inc. All rights reserved. Other company and product names may be trademarks of their respective owners.
About Handle Financial
Handle Financial is a fintech platform company providing businesses, government agencies and financial institutions with technologies for money movement, bill presentment, and payment. Handle Financial has three core offerings. PayNearMe gives businesses and government agencies 27,000 retail stores through which they can accept cash payments from customers. Prism Money is a financial management tool that gives users a clear picture of their banking and bills in an easy to navigate app and website. Handle Platform Services offers bill presentment and bill payment technology for financial services companies and financial institutions like Visa and Quicken. To learn more, please visit http://handlefinancial.com/ and follow us on Twitter @HandleFinancial.
Prism, PayNearMe, and Handle Financial are trademarks or registered trademarks of Handle Financial, Inc.
For Editorial Contact:
Amber Moore
503.943.9381
amber@gmkcommunications.com
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