"Electronic payments" refers to the process of transferring money through electronic channels, such as online banking, mobile apps, or digital wallets, without using physical currency, checks, or credit cards.
Full definition
Thus far, traditional credit card networks have maintained their role in the bulk
of electronic payment processing.
You can schedule automatic
electronic payments from your checking account or provide payment in one of the following forms (debit card, check, or money order).
Unlike the majority of online exchanges, this service makes it possible to use just one platform to work
with electronic payment services, cryptocurrencies, bank cards and even cash.
Everything else gets paid
by electronic payment from my online banking and a very occasional paper check.
If you
used electronic payment cards, you must have taken 32 one - way trips per month in order to claim the value for this credit.
However, these rules do not apply to recurring
electronic payments on your account like utilities, insurance or rent.
They then
offer electronic payment processing linked to creditors to reliably process your payments to creditors each month.
Position will be responsible for assisting with preventative maintenance, technical troubleshooting and repairs of
electronic payment terminal equipment.
Many renters still prefer the paper check drop - off method of payment, but the ones who want to pay electronically may not want to pay through certain
electronic payment channels.
In regards to paying for bills and rent, they made the process very easy by
allowing electronic payments meaning you can pay with debit or credit cards.
Unfortunately, making bank deposits is still an issue for online - only banks, despite the huge shift in recent years away from paper checks and
toward electronic payments.
If you have an online business, then it would obviously make sense for your business to accept
electronic payments since you are dealing with remote customers.
It's usually a better option to make
electronic payments directly to your lender or loan services rather than second - party electronic bill payment services.
The new policy extends not only to credit cards, but funding methods which make it difficult to distinguish whether a credit card is involved in the transaction — such as
certain electronic payments.
He has worked across financial services, banking and
electronic payment regulation and is involved in regulatory and political discussions around blockchain, cryptocurrencies and financial technology.
About half said they would use at -
table electronic payment options and a restaurant's smartphone app to view menus and make reservations.
Some other challenges include privacy concerns, since
electronic payments leave a trace and can be possibly tracked back by companies.
A good system will offer a broad reporting functionality including income reconciliation,
electronic payment receipts, audit trails and banking reports.
You send a
single electronic payment to the clearing house, together with the contribution data for all your employees, and the clearing house does the rest.
If you are the type of person who does poorly at scheduling, the easiest way to go about your payments is to set up an automatic
electronic payment linked to your checking account.
The levy will be payable at all ports of entry, including airports and border posts, through
electronic payment machines, which accept cash as well as debit and credit cards.
While fully legal, these businesses often can't
obtain electronic payment and banking services, or face outrageous fees, due to stigma and perceived risk.
Phrases with «electronic payments»