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
Payment for order flow flow, the New York Stock Exchange sought permission from the U.S. Securities and Exchange Commission (SEC) to allow payment for order flow on its electronic exchange(s). The NYSE is proposing to pay for limit orders in order to put more cash into the market. This contrasts with the traditional model of payment for order flow that pays only for market orders. Payment for order flow has become less lucrative on a per share basis because of the decline in the tick size and the bid/ask spread. When stocks traded on 1/8ths of a dollar, payments for order flow were much