Converged billing from your bank

We have been looking for ONE BILL for over two decades now, but we still put up with multiple bills. If there really has to be just one bill, why limit it to just telecom services? While we are at it, why not have really one master billing platform that bills for everything from telco services, TV, gas, electricity etc – basically bill for all those things where a centralized billing infrastructure is feasible.

Consumers had to put up with separate billing for shopping. And then credit cards came along and we outsourced the billing part to the banks. I think banks are best equipped to bill for everything. They have historically been the best collectors. If the existing banking software could be extended to interface with the future IMS billing, for instance, the banks would be able to host a billing network for telcos.