"Electronic Bill Presentment and Payment (EBPP)"
Electronic Bill Presentment and Payment (EBPP) is a technique that allows consumers to view and pay bills electronically. EBPP systems send bills from service providers to individual consumers via the internet.
Technology is the biggest difference between EBPP systems and the traditional method of bill payment. Rather than receiving a bill through the mail, consumers receive their bills in an email, or are prompted to visit a website to view and pay their bills.
Models of EBPP:
Consolidation
Numerous bills for any one recipient are made available at one Web site, most commonly the recipient’s bank. The principal attraction of consolidation is that consumers can receive and pay numerous bills at one location.
Biller direct
The bills produced by an organization are made available through that organization’s Web site. This model works well if the recipient has reasons to visit the biller’s Web site other than to receive their bills.
Direct email delivery
Bills are directly emailed to the customer. This model most closely imitates the traditional method. It is convenient for those who have an email account and the customer must only open an email to receive their bill.