EBPP


Also found in: Financial, Acronyms.

EBPP

(Electronic Bill Presentment and Payment) Sending invoices to customers over the Internet. When payment is due, an e-mail is sent with a link to a Web page that contains the billing information and payments methods that are supported. Customers can "click here" to pay bills via the payments service they are enrolled with. The Web page can also provide links to more support and information than would normally be included in a paper bill as well as offerings for new services. See Web payments service.
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In acquiring new EBPP technology, Litan cautions, "Enterprises should be cautious about adopting disparate applications that later must be patched together.
Key Considerations for Successful Implementation of EBPP II-18
The five-year EBPP market forecast is based on a survey of more than 68,000 households, Forrester's largest annual consumer survey.
These consumers frequently visit their financial institution website, making them good candidates for cross-sell opportunities -- 76% of the EBPP users visit their financial institution's Web site at least weekly while only 40% of the non-EBPP users visit the Web site as often.
CheckFree is working with Collective Dynamics and the other Charter Members to study consumer behavior in the EBPP market as adoption continues to spread to mainstream consumers," said Roger Johnston, research director at CheckFree.
Revenue -- Financial Service Providers can finally make EBPP an attractive business opportunity, earning new interchange and finance fee revenue through the use of credit and debit card payments.
In its analysis of electronic bill presentment and payment providers, Barlow Research Associates found very few currently available EBPP solutions that are applicable to the small business market.
EBPP helps billers establish a dynamic and interactive communication channel with their customers.
Insurance, Manufacturing, Government Industries Round Out Top Four EBPP Users
For a consolidator to offer EBPP, it must receive detailed billing statements from original billers.
Company to Offer Comprehensive and Personalized Services for EBPP Applications