T: here is how it works.
Inuit has contracted with a company named Just In Time Services (JITS) to consolidate electronic bills. JITS, in turn, has an agreement with CKFR that allows JITS to house any ebills that a CKFR signed biller has sent out for consumers that register for ebill through QKN '98. So the billers send all of their ebills to CKFR, who in turn looks at where the consumer the bill belongs to came from. The consumer may have come from a banks web site, they may have come through QKN '98, they may have come from the billers web site (a la AEP). CKFR then sends the ebill to the endpoint. In the case of QKN '98, you would view your ebills, and there would be a "pay" button. When you push the pay button, it adds the bill to your register, and deducts the dollars from your available balance. The payment part goes to whoever the consumer has elected for online bill pay. In most cases, it is the consumers banks, which is using CKFR. The consumer can also elect to do bill pay directly with CKFR, without going through their bank. I personally love doing it through my bank, because I can also download all my banking transactions into my register, which saves keying time. The banks set the fee they charge the consumer, and CKFR charges the bank for providing the service. Simple, huh? |
