Automatic Bill Payment

(redirected from Telephone Bill Payment)

Automatic Bill Payment

A service in which a bank allows an account holder to pay personal bills by transferring funds out of an account with an order made over the telephone. Automatic bill payment originated with savings and loan associations, which allowed customers to make these transfers out of savings accounts at a time when they were not allowed to offer checking accounts. See also: Electronic Funds Transfer.
References in periodicals archive ?
Working with Travelers Express, we can offer our clients both Internet and telephone bill payment options using the same platform," said Bruce Jachens, managing director of AdAstra Technologies.
In addition, customers will have access to new and expanded services such as Trust and Investment services, telephone bill payment and PC banking as part of the total financial service provided by the Trustmark system.
Also optional in the contract extension are the Fiserv/Checkfree telephone bill payment system and Fiserv home page development and Internet server support services.
An enhanced telephone bill payment product (previously available only to pre-merger Chase customers) coming in early 1997.
Fedor says other spots in the campaign promote Bank of America's loans by phone, instant answers on loans and telephone bill payment products.
Starting with our extensive branch and ATM system to our Telephone Bill Payment service to home banking through this smart phone and soon a personal computer, we want to be convenient.
The call centre also handles Internet and telephone bill payments, water and electricity bill payments, school fee payment, fund transfer and remittance abroad.
The Call Centre handles internet & telephone bill payments, water and electricity bill payments, education fee payment, funds transfer and remittance abroad.
HNB Smart ATMs will allow clients to make electricity, water and telephone bill payments, HNB Credit Card bill payments, fund transfers between HNB accounts and many other transactions.
The STAR Network is a leader in developing check debit, Internet and telephone bill payments, small-value payments, deposit risk management and ATM check imaging products.