News Summary

• Consumers are splurging more via subscription payments, a new Bank of America report says.
• As subscriptions spending by consumers rises, some payments providers are offering tools to help manage them.
• Visa teamed up with Pinwheel, a New York-based bill management company, to create a subscription manager tool earlier this year.
• Other firms have focused on curtailing unnecessary subscription cancellations, which cost companies up to $440 billion annually, according to Butter Payments, a San Francisco-based payment recovery company.