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 popular "readies", though there is debate as to whether this is an obvious reference to the immediate availability of the currency or the red and white colour of the British ten shilling Treasury note of 1914. The related term "cash on the nail" is said to refer to 17th century trading stands in Bristol and elsewhere, over which deals were done and cash changed hands. Other general terms for money include "bread" (Cockney rhyming slang 'bread & honey', money. This also became dough, by derivation from the same root), "cabbage", "clam", "milk", "dosh", "dough", "shillings", "frogskins", "notes", "duckets", "loot", "bones",