The evolution of Electronic Bill Presentment and Payment Market 2014-2020

The evolution of Electronic Bill Presentment and Payment Market 2014-2020

  • Submitted By: hawer
  • Date Submitted: 09/15/2015 1:01 AM
  • Category: Technology
  • Words: 1248
  • Page: 5

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Electronic Bill Presentment and Payment (EBPP) is a process of electronically delivering the bills to the individuals
and receiving the bill payment via the internet or through an electronic network. For instance, a customer receives
the telephone bill via an e-mail. This e-mail also has a hyperlink mentioned by the service provider for the payment
options. After reviewing the entire bill, the customer clicks on the hyperlink, selects the mode of payment and
initiates the transfer of funds. The electronic bills delivery and receipt of payments can also be conducted via two
separate networks. For example, in business to consumer transactions such as payment of utilities, the bills are
received at the site in the form of paper and payment is done using debit or credit cards.
Browse the full Electronic Bill Presentment and Payment Market report at
Implementing the system of EBPP by business establishments automates, streamlines and manages processes that
involve payments. The benefits of implementing EBPP technology is that it reduces the time and costs associated
with processing by eliminating the need to print and post paper mails, optimize working capital, improves marketing
capabilities and be ahead in the competitive environment. Also, the customer...

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