Electronic bill payment a reduction in processing costs minimizing paperwork and an increase in customer loyalty. In a 2003 study, the banks said that "customers who pay online show more loyalty and are more receptive to other offers". Electronic bill payment Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account. These payments are typically
Slang terms for money "threepenny bit" (, or ); a sixpence was a "tanner", the two-shilling coin or florin was a "two-bob bit", the two shillings and sixpence coin or half-crown was a "half dollar" and the crown was a "dollar". Slang terms are not generally used for the decimal coins that replaced them but in some parts of the country, "bob" continues to represent one-twentieth of a pound, that is five new pence, and two bob is 10p. For all denominations "p" is used for pence. In the United Kingdom the term "shrapnel" may be used for an inconvenient pocketful of loose change