What is the difference between Direct Payment and other electronic payments?
Direct Payment is a pre-authorized, regularly scheduled electronic payment for a bill or outstanding loan such as a mortgage, insurance premium, or automobile loan payment directly from a consumer’s checking or savings account. Electronic payments are made when a consumer makes a one-time or recurring bill or loan payment with a debit/credit card or electronic check through the company’s website, online banking or over the phone.
Related Questions
- Can I have more than one checking or savings account associated with my tuition payment plans automatic electronic debit payments?
- I Have my Utility Payments Setup via CheckFree or Another Electronic Payment Method - Why Should I Change to i-Bill Pay?
- I don like to make payments on the internet - can I send a cheque(check) or make an electronic payment?
