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 referred to as a "bag" (from the rhyming slang "Bag of Sand"), e.g., £4,000 would be called 4 bags. A "oner" (one-er) has referred to various amounts from one shilling to a pound, to now meaning £100 or £1,000, and a "big one" denoting £1,000. A "oncer" referred particularly to a one-pound note, now defunct. It is also fairly common now in the UK to count backwards from these large denominations using the word "down", e.g. £380 might be "four ton, 20 down" in UK slang. Other rhyming slang expressions for particular quantities of money in the United Kingdom include: