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Why plastic is unappetizing to utilities. (payment of utility bill with credit cards) : An article from: Public Utilities Fortnightly (1994)
This digital document is an article from Public Utilities Fortnightly (1994), published by Public Utilities Reports, Inc. on November 1, 1997. The length of the article is 1598 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: Public utilities will have the option of accepting credit cards for their bills once competition begins, but customer demand will ultimately determine this policy. In 1997, 2% of utilities accept credit cards because most state laws strictly limit what is a “reasonable and necessary expense” for providing service. Discount fees on a $100 electricity bill would cost a utility approximately $2, while investing $100 for 30 days at 5% would earn 42 cents. Credit card fraud is another deterrent for this practice.
Citation Details Title: Why plastic is unappetizing to utilities. (payment of utility bill with credit cards) Author: Durairaj Asaithambi Publication: Public Utilities Fortnightly (1994) (Magazine/Journal) Date: November 1, 1997 Publisher: Public Utilities Reports, Inc. Volume: 135 Issue: n20 Page: 18(3)
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