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Online bill pay is an electronic payment service offered by many banks, credit unions and bill-pay services. It allows consumers to make various types of payments through a website or app, such as ...
CompuBank offered a variety of depository products and services including: basic checking, interest checking, savings, money market accounts, certificates of deposits, visa check cards, direct deposit and transfers, free domestic wire services, online check re-order, free bill payment and free ATM services. Compubank was launched in late 1998.
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.
A direct deposit (or direct credit), in banking, is a deposit of money by a payer directly into a payee's bank account.Direct deposits are most commonly made by businesses in the payment of salaries and wages and for the payment of suppliers' accounts, but the facility can be used for payments for any purpose, such as payment of bills, taxes, and other government charges.
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Direct banks eliminate the costs of maintaining a branch network while offering convenience to customers who prefer digital technology. Direct banks provide some but not all of the services offered by physical banks. [1] [2] Direct bank transactions are conducted entirely online. Direct banks are not the same as "online banking". Online banking ...
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