What is electronic payments system?

Is EFTPS a legitimate platform for making electronic federal tax payments?

Yes, EFTPS (Electronic Federal Tax Payment System) is a legitimate platform approved by the U.S. Department of the Treasury for making electronic federal tax payments.

What is an automated clearing house?

An automated clearing house is an electronic funds transfer system which allows for inter-bank clearing of electronic payments, such as credit card transactions.

What is chips number?

* The Clearing House Interbank Payments System (CHIPS) is a bank-owned, privately operated electronic payments system. * CHIPS is both a customer and a competitor of the Federal Reserve's Fedwire service. * The average daily value of CHIPS transactions is about $1.2 trillion a day. The Clearing House Interbank Payments System (CHIPS) is an electronic payments system that transfers funds and settles transactions in U.S. dollars. CHIPS enables banks to transfer and settle international payments more quickly by replacing official bank checks with electronic bookkeeping entries. As of January 2002, CHIPS had 59 members, including large U.S. banks and U.S. branches of foreign banks. ** Source: http://www.newyorkfed.org/aboutthefed/fedpoint/fed36.html * The Clearing House Interbank Payments System (CHIPS) is a bank-owned, privately operated electronic payments system. * CHIPS is both a customer and a competitor of the Federal Reserve's Fedwire service. * The average daily value of CHIPS transactions is about $1.2 trillion a day. The Clearing House Interbank Payments System (CHIPS) is an electronic payments system that transfers funds and settles transactions in U.S. dollars. CHIPS enables banks to transfer and settle international payments more quickly by replacing official bank checks with electronic bookkeeping entries. As of January 2002, CHIPS had 59 members, including large U.S. banks and U.S. branches of foreign banks. ** Source: http://www.newyorkfed.org/aboutthefed/fedpoint/fed36.html

Vehicle electronic devices to locate vehicle in real time with out monthly payments of it?

It is possible to send the coordinates of a vehicle from the GPS system via GSM provided that it is in the GSM coverage such a system can be designed customed by a good electronic developer like Micro Developments

How does bacs work?

Bacs, or Bankers' Automated Clearing Services, is a system used for electronic payments in the UK. It enables payments to be processed and settled between bank accounts. Companies use Bacs to make salary payments, settle bills, and collect direct debits from customers.

How are electronic payments protected against theft?

you dont be dumb.

What has the author Lawrence L Crum written?

Lawrence L. Crum has written: 'Competition for the commercial banking industry in the establishment and operation of an electronic payments system' -- subject(s): Banks and banking, Data processing 'Electronic funds transference in Texas' -- subject(s): Electronic funds transfers

How can I make EFT payments?

To make EFT payments, you can set up an electronic funds transfer through your bank's online banking system or by contacting your bank directly. You will need the recipient's account information, such as their account number and routing number, to initiate the transfer.

What is e-payment system?

E-payment - is the electronic transfer of money from a person's bank account to pay a bill - without having to physically go into the bank or payees business. Common e-payments are:- mobile phone bills, utility bills and catalogue payments.

What types of bank transactions are considered an ACH credit?

ACH, also known as Automatic Clearing House, is an electronic system for financial transaction in the United States. Direct deposits, mortgage payments, insurance premiums, and vendor payments, are all examples of ACH credits.

How to Figure Out if Electronic Payments Will Work for You?

If you hate paying bills through snail mail, and sometimes find yourself even forgetting to mail in the payments for bills on time, it may benefit you to allow the people you owe to debit electronic payments from your checking or savings account. Not everyone likes signing up to have electronic payments withdrawn from their account, but it does help if you need your bills paid on time (and don’t want to take the time each month to write and mail the necessary checks).If electronic payments are to work for you, you need to make sure that you keep whatever bank account you’re having the payments withdrawn from balanced. Having electronic payments debited from your bank account will not work for you if you are not up to the responsibility of keeping your bank account balanced. If you are a responsible person who balances their checking and/or savings account often, then chances are electronic payments will work out very well for you.If you are able to make a note of what bills are to be paid electronically every month, then it is likely that electronic payments will be something useful to you. Losing track of what bill payments you are having withdrawn electronically is a really bad idea. You do not want to overdraw your bank account because you have not checked to see which payments are going to be deducted from it on specific dates.Electronic payments may work out better for you if the company wanting to debit them from your account is willing to offer you a discount if you do sign up for the electronic payment service. Some companies are so happy to get you to switch over to the electronic payment method that they are more than willing to deduct a few dollars from your billings if you do it. Check to see if the companies you deal with on a regular basis offer any savings if you do allow them to deduct your payments electronically.

Electronic system used in multiplex theatres?

electronic system used in multiplex theatres