A method for remitting funds to a specific retailer via telephone, generally involving dialing a designated number and providing account details. This allows customers to settle outstanding balances or make purchases using a phone line as the primary mode of communication. For example, individuals with an existing account may use this service to pay their monthly statement directly.
Utilizing a dedicated point of contact for financial transactions offers convenience and accessibility for individuals without readily available internet access or those preferring verbal communication. In the past, such systems were especially prevalent when online payment platforms were less common, providing a crucial link between customers and businesses. They remain relevant for certain demographics and situations where direct human interaction is preferred or required.
