Electronic bill payment 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 executed electronically as a direct deposit through a national payment system, operated by the banks or in conjunction with the government. Payment is typically initiated by the payer but can also be set up as
Payment for ecosystem services additional .5 Mt of carbon through avoided deforestation as destructive practices are replaced with sustainable practices. The Scolel Té program in Chiapas, Mexico, aims to create a market for positive externalities of shade-grown coffee plantations. Designed by the University of Edinburgh's Institute of Ecology and Resource Management along with the Edinburgh Centre for Carbon Management, using the Plan Vivo System, Scolel Té is a PES program under which farmers agree to responsible farming and reforestation practices in exchange for payment for carbon offsets. The NGO Ambio manages Scolel Té. Farmers submit their reforestation plans to Ambio, which judges their financial