What Is Electronic Billing?

TechDogs Avatar

The easiest and the most hassle free way to get your billing done, Electronic Billing is the way to go. We all know how it feels to get a bill in the mail, pay it, and then forget about it until next month. With electronic Billing, you can forget about it altogether. You don't have to wait for that envelope in the mail. You can log on to your account and pay your bills online. It's also convenient for businesses and government entities because they no longer have to print paper bills. Instead, they can send an email or text message with a link to their electronic bill payment site, where customers can log in, enter their payment information, click "submit," and voila! Problem solved. No more trips down to the post office! There are other benefits, too: Electronic Billing takes up less space than paper bills; it's environmentally friendly because you're not using as much paper; and if something happens with your internet connection during payment processing (like if someone unplugs your router), it won't affect anything because you've already paid! There are two electronic billing approaches, and they're both pretty great. You make payments directly to the biller's website in the direct biller approach. This is a good option if you want to keep your money in one place and don't want to pay extra fees for processing. It also means that you'll have less work to do when it comes time to pay your bills. You won't be juggling multiple accounts or trying to remember which version has which invoices. A bank aggregator might be right for you if you're more hands-on. With this model, you pay your bills through an aggregator site, like PayPal or Mint. You can then use these sites' tools to see your accounts in one place and ensure they're paid on time (or early!).


Related Terms by Financial Technology

Frequency Hopping - Code Division Multiple Access (FH-CDMA)

Frequency hopping is one of the oldest tricks in the book. It's basically how you get away with stealing someone else's lunch money while they're distracted by a game of kickball. Frequency hopping happens when you change the radio frequency of your signal so quickly that it's impossible for anyone to tell where you really are or what you're saying. In other words, it's like changing the channel on a TV set so fast that no one can tell where it is—or even if it's still on! It's a great way to hide from bullies, but it also works well for hiding from law enforcement agencies and other people who might not want you around—like cops or your parents when they're trying to find out where you are after curfew. When it comes to FH-CDMA, there's one thing that's for sure: it's not just for people who like to hop around. As when you're using FH-CDMA, you're hopping around—and your signal is hopping right along with you! That's because the FH-CDMA technique uses a specific algorithm to switch between all available frequencies based on a preplanned or random schedule. The receiver stays tuned to precisely the same center frequency as the transmitter (because they're in sync). FH-CDMA is like a little kid in a big pool. It's small, but it can swim pretty well. DS-CDMA is like an adult in the same collection—it's bigger and slower, but it knows how to float on its back and read a book while still staying dry. FH-CDMA is the best for people who want to use their devices without worrying about getting wet; DS-CDMA is better for those who want to keep their heads above water and see what's going on around them.

...See More


Your life is about to take a turn for the better. Frost is an anonymous file-sharing application allowing you to download and share files with other users—all free. You can access music and videos or get your hands on documents you need for work. We all know that when it comes to downloading, the less you have to pay, the better—but Frost goes even further! Not only is it unrestricted, but it's also open-source and written in Python. That means anyone can use it to create their version of Frost without paying fees or royalties. Frost is a well-known Freenet newsgroup and file-sharing system. Designed by Ian Clarke, Freenet is a distributed decentralized data store resistant to censorship. Frost was created in response to the growing trend in censorship of newsgroups and file-sharing systems. The idea was to make a system that could not be censored without shutting down the entire internet. Freenet works by storing data in multiple places across the network (it will keep it on your computer if you want it to, but it doesn't have to). This means that if one part of the network is shut down, all other parts will still be available, making it hard for governments or companies to get rid of information they don't like without taking down the whole thing at once. If you've been using Freenet for a while, you may have noticed that the Frost product is no longer associated with Freenet. It's now a standalone service, relying on donations to compensate developer contributions. Their website says this move was made to "ensure the long-term sustainability of Frost." The Frost team has been working on making it easier for users to donate money and support the project, but they need help to buy something through their site. If you want to join the community of people using Frost today, download it now! It's easy as pie (and delicious).

...See More

Free Space Optics

How is optics different from light? Optics is a type of light, meaning it's not a thing but a way of looking at the world. Light can be seen as energy and can be used to send information via "optical communication." What does optical communication mean? Visual communication is using light to send data from one point to another. This form of communication is often used when fiber optic cables are too expensive or difficult to install. How does it work? Optical communication uses light to send information via "free space optics," which means the light travels through the air rather than a cable. These lasers produce optical signals that any device can receive with an optical port, similar to how a computer gets a wireless call. These small beams of light can carry up to 10 Gbps of data, which is over 100 times faster than the standard DSL or cable modem service; the low-powered lasers also make this a safe technology. Since the light is not a high-powered, heavily focused laser beam like in many other laser-driven technologies, it is not dangerous to human eyes. Since the light is not a high-powered, heavily focused laser beam like in many other laser-driven technologies, it is not hazardous to human eyes. Free space optics (FSO) is one of the most exciting technologies. It's also one of the most versatile, as you Can use it in applications ranging from military communications to commercial data transmission. With its unique combination of high bit rate, low bit error rates, license-free long-range operations and immunity to electromagnetic interference, FSO has a lot going for it. The most crucial advantage of free-space optics is that it lets you get close to any object you want.

...See More