ICBA - Industry Resources - Payments Resource Center - Agencies Issue Guidance on Mobile Financial Services

Online Bill Payment

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
05/02/2016 Agencies Issue Guidance on Mobile Financial Services NewsWatch Today
03/31/2016 Fed: Mobile Banking, Payments Continue Rising in 2015 NewsWatch Today
07/18/2012 ICBA Selects ProfitStars RemitPlus As Preferred Community Bank Provider News Release

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