Bill Payment


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Bill Payment

The regular reception of compensation for a repeated service. For example, paying the rent is a form of bill payment because it is done each month.
References in periodicals archive ?
With the addition of Utility Bill Payments in Samsung Pay, powered by Axis Bank, we see our partnership strengthening even further," said President and Head, Transaction Banking, Axis Bank, Himadri Shekhar Chatterjee.
iPay's innovative products and exceptional customer service make them a great partner for our online bill payment service," said Drew Kishbaugh, president/CEO of MY CU Services.
Most online bill payments take a day or two, says Lydia, Sheckels, chief investment officer at the Philadelphia-based Wescott Financial Advisory Group, but the wait can be as long as five days.
Market pressures to recoup investments and show growth eventually will force Internet bill payment service providers to offer financial incentives to attract a critical mass of consumers," says Avivah Litan, Research Director Payments Systems, at GartnerGroup.
Spice Money received an in-principle approval to set-up as a Bharat Bill Payment Operating Unit (BBPOU) under the Payment and Settlement Systems Act, 2007 in May 2016.
The BBPS through its centralised bill payment system will allow the users to use a single website or outlet to pay all their monthly or repetitive bills such as mobile phone and electricity.