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 today include "spänn" and "bagis". "Riksdaler" (referring riksdaler, the former Swedish currency) is still used as a colloquial term for the krona in Sweden. A 20-kronor banknote is sometimes called "selma", referring to the portrait of Selma Lagerlöf on the older version of the note. Ready money (i.e. available cash) has been referred to in the United Kingdom as "dosh" since at least 1953; Brewer equates this term with "paying through the nose", "dosh" being a Russian-Jewish prefix referring to the nose, that is, paying in cash. The phrase itself "ready money" has also given rise to the far more