Intuit's personal finance app Mint has launched a bill tracking and payment function to keep customers on top of their bill management.
The enhancements send customers automated reminders, update payment statuses and suggest bills to sync based on transaction history. The aim is to integrate data from multiple sources into an actionable picture of the user’s finances and eliminate the need to log into multiple accounts to get it.
“While many people budget and review their finances, everyone needs to keep track of bills,” Al Ko, general manager and senior vice president of Intuit’s Mint business, said in a Dec. 6 news release. The new tools give users a place to “have a healthy relationship with their money, reduce stress and ultimately, achieve their financial goals.”
The new tools are available on Mint for iPhone, iPad and Android and don't require any additional set-up for existing users. They include notifications with bill amounts and due dates, two-tap payments allowing users to pay in two taps by learning their payment history, expediting payments in one day through Mint, free checking account payments and bill tracking for an unlimited number of payments per month, pre-populated fields for bill tracking and reminders and in-app, real-time credit score updates from all three major credit bureaus.
Mint says more than 30% of Americans miss a bill, which leads to late fees, increased interest and potentially negative effects on their credit scores. Americans rack up $77 billion in credit card fees each year.