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Bottom Line. Using a bill pay service can reduce late payments and help you budget your expenses more easily. As you free up your time and gain control of your finances, you can start saving or ...
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.
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