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
State Secretariat for International Financial Matters of Switzerland's financial centre, access to foreign financial markets and the stability of the Swiss financial sector. The State Secretariat for International Financial Matters is responsible for the coordination and strategic management of international financial, monetary and tax matters. In order to pursue its objectives, SIF performs the following functions: State Secretariat for International Financial Matters The State Secretariat for International Financial Matters (SIF; French: "Secrétariat d'État aux questions financières internationales", German "Staatssekretariat für internationale Finanzfragen", Italian "Segreteria di Stato per le questioni finanziarie internazionali", Romansh "Secretariat da stadi per dumondas finanzialas internaziunalas") is an administrative unit of the Swiss