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Last update: 10/22/14

Online Bill Payment/Presentment

According to the 2011 ICBA Community Bank Payments Survey 92 percent of community banks offer online bill payment to their customers. Once the customer authorizes payment, the bank, or its authorized third-party, remits payments to merchants by way of the major EFT networks, the Federal Reserve Automated Clearinghouse System, or directly to a merchant.

Keywords: remittance processing, online bill payment

Staff Contact: Cary Whaley

Date Title Source/Publication
09/12/2014 U.S. Banking Experiences Less Positive as Mobile Expectations Rise NewsWatch Today
07/18/2012 ICBA Selects ProfitStars RemitPlus As Preferred Community Bank Provider News Release

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