How can a consumer’s bill payment get sent from a retailer to a biller?
Bill payment services provide an electronic link that interconnects a retailer’s computer system, a biller’s computer system, and various financial systems such as the Automated Clearing House, MasterCard/RPPS, and bank computer systems. Automated payment transactions move rapidly and in high volumes among these systems. For details on the CheckFreePay implementation, contact CheckFreePay. Q: What regulatory and licensing requirements govern electronic bill payment? A: Extensive financial oversight mechanisms for payments exist at both Federal and State levels. For details on CheckFreePay processing standards and compliance, contact CheckFreePay. [go to top] > FAQs about billers and bill payments Q: What are the main types of billers? A: Bills and other kinds of invoices are send to customers by most businesses. The vast majority are the monthly utility and other household bills that we all receive throughout the year. High-volume billers include: • Electric, gas, and water utilities •
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- How can a consumer’s bill payment get sent from a retailer to a biller?
