Also known as internet banking. Allows cunsumers to complete transactions with wireless technology.
A consumer may approve an automatic payment to be processed for a specific amount on a specific date.
A plastic card that looks like a credit card but is electronically connected to the card holder's depository institution.
Allows a person to write a check even though there is not enough money in the account in hopes of depositing the money before the check is processed.
This allows the consumer to call a company with instructions to pay certain bills or electronically transfer funds between accounts.
Pay by Phone System
Allows paychecks and benfit checks to be directly deposited into a specified depository institution account.