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A global market of the packaged telecommunications billing systems estimated to $6 Billion at 2007 and forecast to grow up to $7.2 Billion in 2012. [9] Market shares by application specific as of 2007 were following: 27,2% — mobile postpaid; 16,4% — business billing for fixed networks;
An expense and cost recovery system (ECRS) is a specialized subset of "extract, transform, load" (ETL) functioning as a powerful and flexible set of applications, including programs, scripts and databases designed to improve the cash flow of businesses and organizations by automating the movement of data between cost recovery systems, electronic billing from vendors, and accounting systems.
In developed countries existing legacy banking systems and rules has slowed down the development of electronic billing. For example, in the United States financial institutions typically formally prohibit the use of their consumer electronic bill payment systems for payments to certain agencies such as: collection agencies, or recipients of ...
Top news and what to watch in the markets on Tuesday, December 29, 2020.
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
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.
Billing (surname) Billing (birds), a behavior in some birds involving touching and clasping each other's bills; Billing (performing arts), the display of credits for a creative work; Billings ovulation method; Heinz Billing Prize, for the advancement of scientific computation; Billing, hymn tune by R R Terry.
Generally individual calls are rated and then the rated amounts are sent to a billing system to provide a bill to the subscriber. Often the rating system will be a module of a larger "Billing System" architecture. A rating system must be adapted to the constantly changing pricing policies, which have the strategic goal of stimulating demand. [2]