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 "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