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.
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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.
For electronic bill payment, a five-year processing agreement with CheckFree will enable FCT banks to continue offering state-of-the-art telephone bill payment capabilities integrated into their on-line banking services.
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.
To meet the needs of customers who want the convenience of interactive banking without using a PC, Barnett has plans to introduce a touch-tone telephone bill payment service later this summer that will complement Barnett's existing phone banking service which is available to customers 24 hours a day, seven days a week.
Subscribers to Summit PC Banking Plus also receive Summit Telephone Banking Plus, which offers a telephone bill payment option at no extra charge.
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.
5 /PRNewswire/ -- US Order (Nasdaq: USOR) today announced that it had successfully delivered and installed a total of 20 telephone bill payment applications, part of the company's Electronic Banking Center (EBC) product line, over the course of the last 12 months.
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.
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 call centre also handles Internet and telephone bill payments, water and electricity bill payments, school fee payment, fund transfer and remittance abroad.