Online bank to offer remittance service via e-mail.TOKYO, Feb. 15 Kyodo
Japan Electronic Settlement Planning Inc. said Thursday it has concluded a tie-up agreement with U.S. online payment service provider PayPal for an electronic bank it plans to establish in April.
The deal will enable consumers, with accounts in the new bank tentatively called ''e Bank,'' to make remittances
Remittances are transfers of money by foreign workers to their home countries. via e-mail from August, the Tokyo-based company said.
Money will be automatically sent when a customer inputs a receiver's e-mail address See Internet address.
e-mail address - electronic mail address and the amount of remittance Money sent from one individual to another in the form of cash, check, or some other manner.
Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance.
REMITTANCE, comm. law. .
PayPal's service is widely used for auctions and other payments over the Internet in the United States ''This article or section is being rewritten at
The FCC has broadband defined in their publications as any Internet connection with a download speed that is greater than 200 kbit/s. . It currently has some six million accounts.
Japan Electronic Settlement Planning is jointly owned by Itochu Corp., Japan Telecom Co. and other companies.