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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 ...
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.
Supplier/ Recipient/ Transporter can generate the e-Way Bill. The Validity of e-Way Bill is fixed as one day for every 200 km or part thereof. The validity can be extended online before the expiry. Contents of PART - A of the Form EWB - 01 can't be edited or modified once generated. PART - B can be updated with Vehicle details/ RR/Airway Bill etc.
Electronic bill pay systems fall into two categories, "pay-anyone" services and restricted biller list services. In a pay-anyone service, the provider will facilitate a payment to the payee regardless of whether they have an electronic connection with that payee or not.
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Direct debit payments in which a business debits the consumer's bank accounts for payment for goods or services; Electronic bill payment in online banking, which may be delivered by EFT or paper check; QR code payment is a payment initiated using a QR Code scanned from POS terminal or Digital wallet
The bill is currently only meant to cover hotels, restaurants and private sites, but could eventually extend to goods and services, including reviews left on major international sites like Amazon.
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