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
Slang terms for money its portrait of Benjamin Franklin, while a Canadian might refer to it as a "Borden", after its portrait of Robert Borden. Since its introduction in 1999, a number of slang terms for the euro have emerged, though differences between languages mean that they are not common across the whole of the eurozone. Some terms are inherited from the legacy currencies, such as "quid" from the Irish pound and various translations of "fiver" or "tenner" being used for notes. The German "Teuro" is a play on the word "teuer", meaning 'expensive'. The Deutsche Mark by comparison was approximately worth half as