Pay-by-SMS, or pay-by-text as it is commonly known, is an electronic bill pay channel wherein customers opt-in to receive a text message containing their current balance, bill due date and reminder that their bill is ready. Customers can then provide a one-word response to instantly and securely pay their bill using their saved credit card, debit card, digital wallet or bank account information associated with their account. Once complete, customers then receive a text confirmation confirming receipt of payment.