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 "bar", "coin", "folding stuff", "honk", "lolly", "lucre"/"filthy "Lucre", "moola/moolah", "paper", "scratch", "readies", "spondulicks/spondoolic(k)s/spondulix/spondoolies", and "wonga". "Quid" (singular and plural) is used for pound sterling or £, in British slang. It is thought to derive from the Latin phrase "quid pro quo". A pound (£1) may also be referred to as a "nicker" or "nugget" (rarer). Some other pre-decimalisation United Kingdom coins or denominations became commonly known by colloquial and slang terms, perhaps the most well known being "bob" for a shilling. A farthing was a "mag", a silver threepence was a "joey", and the later nickel-brass threepence was called a