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 because of the association with a shrapnel shell and "wad" or "wedge" for a bundle of banknotes, with "tightwad" a derogatory term for someone who is reluctant to spend money. Similar to " shrapnel" the use of "washers" in Scotland denotes a quantity of low value coinage. Quantities of UK 1p and 2p coins may be referred to as "Copper", 5p, 10p, 20p, and 50p coins as "Silver" and £1 and £2 coins as "Bronze" due to their colour and apparent base metal type. "Brass" is northern English slang for any amount of money. The one pound note still in