What does a Bill Consolidator do?

A Bill Consolidator serves the specific function of consolidating and presenting bills from multiple providers to the consumer. This means the Bill Consolidator aggregates various bills—such as utility bills, credit card statements, and other recurring payments—into a single, easy-to-read format. This consolidation simplifies the bill payment process for consumers by allowing them to manage multiple bills in one place, facilitating better organization and potentially improving payment timeliness.

While processing payments for bills is a common function in the payments industry, it is not the primary role of a Bill Consolidator. Similarly, creating new bill service providers and generating discount offers are outside the scope of the consolidator's responsibilities, as the focus is on presenting existing bills in a streamlined manner rather than altering the provider landscape or negotiating discounts.