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General payment receipt challan. Any payment receipt from a big institution, especially govt institution issued to an individual may be termed a challan. e.g. Oxford Learners Dictionary gives an example "You need to show a copy of the fee payment challan before you can take the exam. Challan as a punitive citation for an offence or infringement ...
Methods of online payment. There are varied types of electronic payment methods such as online credit card transactions, e-wallets, e-cash and wireless payment system. Credit cards constitute a popular method of online payment but can be expensive for the merchant to accept because of transaction fees primarily. Debit cards constitute an ...
Online Banking ePayments (OBeP) is a type of payments network, developed by the banking industry in conjunction with technology providers. It is specifically designed to address the unique requirements of payments made via the Internet. Key aspects of OBeP that distinguish it from other online payments systems are:
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Buying your insurance policy online, or using a payment method that is preferred by the insurance companies — like paying in one lump sum — can also result in savings.
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.
In April 2009, the National Payment Corporation of India (NPCI) was formed to integrate all the payment mechanisms in India and make them uniform for all retail payments. By March 2011, RBI found out that in India, only six non-cash transactions were executed each year by individual citizens while 10 million retailers accepted card-based payments.
The trust funds help pay for benefits when more money is needed beyond what is coming in through payroll taxes. Currently, 6.2% of workers’ pay is taxed for Social Security, while an additional ...