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 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