Today's bill payment is O.K., but what is offered today will in a few short years be discarded as is a 5-year-old PC.
So let's skip to the end of the book and see what soon will be. Eventually, paying someone will be quite literally as simple, fast and efficient as dialing a phone or sending an email. Just like Hotmail birthed and aided the growth of email, so will the spread of a universal payment methodology take place.
Bill payment of the future will literally allow you to pay one in real-time via email or phone. The recipient will receive payment as fast as an email or telephone call. The recipient will immediately have access to the funds. It will be very much like making an ATM POS purchase in the real world.
E-Bills and payments will be sent and received via email. This payment method will replace not only wire transfer, but eventually will surpass ACH volume. Why? It is what people want and it is more efficient, fast and simple. Overall there will be a tri-vergence of email, telecommunications and EFT.
I can't give away more than this, but I do hold 'The Ring' and await benevolent friends to respond, before those who oppress take the Ring.