Automatic Bill Payment

The nickname for famed gambler William J. Payment, who, though extremely rich, was purportedly so bad at poker that he "paid off like an ATM." Also, a term for a service most banks provide where they will automatically deliver bill payments for clients on a pre-arranged schedule.
The service provides a good deal of convenience compared to the prehistoric practice of check writing, a process that involved scribbling ink onto paper and using the U.S. mail, possibly delivered by steam ships and stage coaches. However, the service becomes less than convenient when you change Wifi providers and forget to update your bill pay and you end up donating approximately $300 to Verizon and getting your new service cut off for non-payment.