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
Commission for Financial Capability the office of the Retirement Commissioner, Diane Maxwell. She was appointed by the Minister of Commerce for a three-year term from 1 July 2013 and again in June 2016 for a further three-year term. Diane was Head of Stakeholder Management for the Financial Markets Authority, and before that, the Head of Brand and Corporate Affairs at the Bank of New Zealand. Previous Retirement Commissioners are: Commission for Financial Capability The Commission for Financial Capability (CFFC), is a Crown entity under the New Zealand Crown Entities Act 2004. The Commission works to improve the financial capability of all New Zealanders throughout