The Indian state of Orissa plans to introduce an online-payment system for the payment of electricity bills, a spokesperson for Orissa’s State Power Ministry tells PaymentsSource. “While other states have such systems for electricity for consumers in the urban areas, no one has done (it) in both rural and urban areas like we will,” the spokesperson says. Power-distribution companies in Orissa have signed a memorandum of understanding to offer the service. Consumers with payment cards and Internet access would make payments through an Orissa Web site. Urban utility customers would be able to pay bills using credit cards, debit cards, prepaid cards and online funds transfers, according to the spokesperson. Customers in rural areas would use biometric readers that read fingerprint algorithms to make payments from bank accounts. The state expects to deploy at least 5,000 biometric readers, the spokesperson says, noting the service for urban customers is scheduled to begin on Jan. 1 followed by rural service in February.
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Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank.
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