Payroll connectivity solution provider, Atomic, has launched PayLink Manage. The subscription management technology is designed to help account holders seamlessly view, update and optimise all their recurring payments directly within their financial institution’s app. This helps them to take action to cut unnecessary spending and be better with their money. In turn, banks will experience more frequent, meaningful interactions. The result is to deepen the overall customer relationship and confirm their position as the primary financial relationship.
PayLink Manage addresses the growing complexity consumers face with managing recurring payments by centralising and automating oversight and control. The feature provides a unified experience where consumers can go to connect, view and track all of their recurring payments. This includes subscriptions and bills such as streaming services, phone and internet plans, auto-insurance, rent, and mortgage payments.
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Atomic says its PayLink Manage surpasses other solutions by allowing users to not only view all of their recurring payments. They can also take real-time actions on them without ever having to leave the banking app. With Atomic’s direct connectivity, insights into usage data, plan details, itemised receipts, and other critical subscription information are accessible. It provides deeper analysis and facilitates precise actions that help consumers save money.
Subscription management will become a must-have feature in any leading banking app
“The new products Atomic chooses to invest in and build are determined after thoughtful conversations with clients and extensive market research. We’re confident that within a few years subscription management will become a must-have feature in any leading consumer banking application,” said Jordan Wright, Co-Founder and CEO of Atomic.
“By integrating PayLink Manage, banks can not only improve their service offerings and increase engagement. They can also can solidify themselves as the primary banking relationship. When banks help their account holders with innovative insights that are actionable, everybody wins.”
“PayLink leverages Atomic’s proven technology. This has already facilitated millions of secure connections across financial platforms,” added Andrea Martone, Chief Product Officer of Atomic.
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By GlobalData“With this launch, we are extending our trusted, robust connectivity framework to subscription management. It provides financial institutions with a tool to enhance customer engagement and improve retention by helping people take action to improve their financial outcomes.”
