What regulatory and licensing requirements govern electronic bill payment?
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 • Telephone, cable TV, and other communications providers • Insurance companies • Banks, credit unions, and finance companies • Medical providers • Insurance companies Q: How many bills are paid each year? A: According to the US Postal Service, which conducts its authoritative annual Household Diary Study, there were some 19 billion bills sent through the mail in 2006. Q: What payment issues are faced by billers? A: High-volume billers, like all large companies, are anxi
Related Questions
- Are there any licensing requirements or specific rules and regulations that govern the operation of an online escrow service in Singapore?
- What are the names of the regulatory bodies that govern the requirements for network interface line protection?
- What regulatory and licensing requirements govern electronic bill payment?
