Cycle Billing

Cycle Billing

The practice in which a company bills different customers at different times. For example, the company may send invoices to half its customers on the first of the month and the other half on the 15th. Cycle billing may help customers manage their cash flows. It may also help a company easily determine who has been billed and who has not.
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The cycle billing data transmission from the City will be scheduled for release before 1:00 pm on each Wednesday, while the final billing data transmission from the City will be scheduled for release before 3:00 pm on each day.
But with cycle billing we won't know how much gas was used by the residential customers at the end of each month.
In light of today's changes, consumers can expect improved disclosure, a more favorable payment allocation, elimination of double cycle billing, and more predictable due dates.
Services requested to be provided in an exchangeable format on a cycle billing basis with remittance a minimum of seventeen (17) a month.
American businesses and consumers paid $42 billion in total interchange fees just in 2007 on all goods and services, far more than they paid in late fees, over-the-limit fees, annual fees, universal default, double cycle billing, exchange fees, and inactivity fees combined.
The bank is committed to transparent banking, meaning no hidden fees, no double cycle billing and no universal default.
We are seeing the impact of cycle billing in the survey results," said Richard Crone of Crone Consulting.
Customers new to the Columbus Division will soon begin seeing billing improvements, such as easier-to-read statements, more timely bills and due dates and improved cycle billing, which will spread out the billing process over 28 days.
ICOMS also offers highly flexible implementation options via user definable controls, full integration of customer accounts, flexible telephone call processing routines, ease of use and responsiveness, flexible cycle billing, fully functional CATV interfaces including Pay Per View and Interactive Pay Per View, and telephony network facilities assignment.