THE eCARD and

BILLS PAYMENTS
Lesson 8
 Objectives:
At the end of the lesson, the students must be able to:

1. Define and understand eCard and Bill Payment and

its importance in financial

2. Identify the four (4) types of bill payment and;

3. Determine the different between payment and bill

payment
eCard or Electronic Payment
 What is eCard?

eCard or Electronic Payment - is a limit

Debit Card created for ecommerce
transactions. It provides a way to send
and receive a money online without
needing your credit or debit card details.
 What are the Advantages and Benefits of
an Electronic Payment System?
ePayment systems introduce a host of new
benefits and advantages for businesses, giving
them the competitive advantage they need to
stand out. Here are some of the benefits your
business will see from switching to an e-Payment
system.
1. Reduced Transaction Costs
2. Secure ePayment Transactions
3. Saved Time and Resources
Bills Payment
 Bill Payment or “Payments”
means the remittance of funds, initiated
through the Bill Payment Service, Account
to a Payee.
"Bill Payment Service or Online Bill Pay
Service" means Online Bill Payment
service offered by the Bank and any
Service Provider.
It is also a regular reception of
compensation for a repeated services.
These are the example of
bills payments:
• Electricity bills payment
• Credit card bills
• Water bills payment
• Insurance payments
• Installment loans
• Mortage loans, and more
 What are the types of the Bill
Payment?
• Cash - is one of the most common ways to pay for bills
• Checks - They are essentially paper forms the buyer fills
out and gives to seller.
• Debit Card - Paying with a debit card takes the money
directly out of the customer account.
• Credit Card - Credit cards looks like debit cards. But
paying with a credit card temporarily defers the customer
bill’s.
 What is the different between the
payment and bill payment?
• Billing is more focused on issuing invoices and
tracking payments, while payment processing
is mainly about taking payments and
transfering them into your account.
 The importance of bills payment in
financial
• Paying bills on time leads to an improved credit
score, and an improved credit score leads to lower
monthly payments when it's time to take out a loan.
Whether you're buying a car or getting a mortgage for
a house, you can get better interest rates with a
higher credit score.