U.S. Bank launches Payment Switch to simplify moving consumers’ recurring bills to bank cards

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U.S. Bank launched Payment Switch, allowing consumers to move recurring payments such as utility bills and streaming services to U.S. Bank debit or credit cards through the bills and subscriptions dashboard in its mobile app, without having to visit merchant websites or third-party services one by one. The dashboard can also show upcoming charges, identify spending patterns, and flag changes to recurring payments; a PYMNTS Intelligence survey found that 55% of consumers prefer using credit cards to pay recurring bills, but only 18% typically do so.