Online bill payment can be defined as paying bills on the Internet via a bank account. There are three parties involved in this transaction- the payor, the bank and the payee. The bill can thus be paid from either the website of the bank or from the website of the company, institution or organization whose bill is being paid.There is a fourth party that has entered this matrix: websites that offer websites that offer financial management toolsfinancial management tools that specifically cater to a person’s financial needs. These sites offer to remind a person of outstanding bills that need to be paid, can manage multiple bank accounts and help the individual to make payments either at the website of the bank or payee.
A Deutsche Bank analyst came out this morning and downgraded GM’s stock to “sell,” effectively saying that the stock is worthless. The stock price has dropped more than 20% this morning, to about $3.29 per share.
Along with the Deutsche report, which listed a GM stock-price target of $0 per share, a report from Barclays Capital, set a target of $1 per share.
Without a bailout, according to both reports, GM has little chance of a recovery. With a bailout, shareholders are likely to find their equity in GM diluted and subordinated to the federal government.
Separately, Standard & Poor’s this morning downgraded GM’s financing arms, GMAC LLC and Residential Capital LLC, based on the parent company’s lackluster third-quarter earnings.
Collections and debt settlement efforts will also become more automated and offer e-payment solutions.
Delinquency with our accounts receivable is killing us. Epayments would help.
I’d like to find a collections solution that is cheaper than traditional collection agencies.
Cheaper and less offensive to my customers.