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RBI panel moots centralised bill payment system

RBI panel today made a case for centralised bill payment system catering to different financial instruments, like cheques, debit cards and mobile bankingMUMBAI: A committee set up by Reserve Bank of India has suggested a mechanism for centralised bills payment system in the country, primarily by setting up two organisations - Bharat Bill Payment Services or BBPS and the Bharat Bill Payment Operating...
Source : The Economic Times |
Category : Business

Your Money Adviser: Businesses Manage Medical Bill Payment Plans

Payment services let patients pay bills over time and let hospitals get paid for care immediately.    ...
Source : The New York Times |
Category : Others

RBI forms panel for bill payment platform

Reserve Bank of India (RBI) today constituted an advisory group to implement a national bill payment system that will enable households to pay utility bills, school fees, remittances and other bills using their bank accounts."The RBI has announced the constitution of a GIRO Advisory Group (GAG) to implement a national GIRO-based Indian Bill Payment System such that households will be able to use bank...
Source : Ndtv |
Category : Others

Millions face shock bills over payments made on their smartphones or tablets

Check your statements! Millions face shock bills for payments made on smartphones and tabletsIf you have been hit with unexpected costs when making payments on your tablet or smartphone, don't suffer in silence, says regulator3.5million have not complained about unexpected bills or unwelcome marketing messagesMillions of adults who have made small payments on their smartphone or tablet have been whacked...
Source : dailymail |
Category : Business

eBay to acquire Braintree for $800 mn, to bolster PayPal business

said it would buy payment gateway Braintree for about $800 million in cash to add to its PayPal business., which has more than 180 employees, helps to process online and mobile credit card payments by providing a merchant account, payment gateway, billing and credit card storage.Braintree will continue to operate as a separate service within PayPal, led by Braintree Chief Executive Bill Ready, EBay...
Source : IBNLive |
Category : Science N Technology | City : Bangalore

RBI appoints GIRO Advisory for new bill payment system

Reserve Bank of India today has announced the constitution of a GIRO Advisory Group (GAG) to implement a national GIRO-based Indian Bill Payment System such that households will be able to use bank accounts to pay school fees, utilities, medical bills and make remittances electronically.The terms of reference of the GAG include suggesting the nature of organization to undertake the GIRO based bill...
Source : Indiainfoline |
Category : Business

Struggling to cope: 4.5 million people are behind with utility bill payments

Struggling to cope: 4.5 million people are behind with utility bill payments – and that's before the price hikes and winter weatherOne in five households in Northern Ireland are behind with their utility bill paymentsMillions of families around the country are falling behind with utility bill payments, as soaring costs take their toll on squeezed household budgets.As many as 4.5million people say they...
Source : dailymail |
Category : Business

In e-age, OCWL, SNDL still make you wait in queue

general impression is that private companies are more tech savvy than government offices. However, it is the other way in case of Nagpur. Most of the government bills can be paid online but not water bills of Orange City Water Limited (OCWL) and power bills of SNDL.Though SNDL is yet to start online bill payment facility, one can still pay power bills through MSEDCL's website. But for water bills there...
Source : Times Of India |
Category : City | City : Nagpur

Online Payment Adoption Slows After Years of Growth

Overall, mobile payment adoption, after surging in previous IDC surveys, appears to have reached a point of slower growth.After several years of growth in the use of emerging payment methods like prepaid cards and mobile payments, the new survey saw a small decline in online bill payment as well as both network-branded and store branded gift cards, according to a report from IT research firm IDC.The...
Source : eweek |
Category : Headlines

Green Dot to acquire GE Capital's prepaid Wal-Mart cards

preserveGreen Dot plans to offer more features to Wal-Mart Stores Inc cardholders, including automated bill payment and check-writing.The Fed said it has approved the deal, which includes $276 million in total deposits, more than doubling the total deposits at Green Dot's Utah-based bank unit.Green Dot plans to offer more features to Wal-Mart Stores Inc cardholders, including automated bill payment...
Source : The Economic Times |
Category : International