EBPP


Also found in: Financial, Acronyms.

EBPP

(Electronic Bill Presentment and Payment) Sending invoices to customers over the Internet. When payment is due, an email 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 payment service.
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Oesterreichische Post said that EBPP is a cornerstone in its strategy.
Sellers also expect that EBPP will enable them to roughly halve the cost of resolving invoice disputes, to about $10 a dispute from $20.
Service providers deploying EBPP applications can expect to save up to $8 billion in 2001, according to Killen & Associates, a California-based e-business research and consulting firm.
For banks, EBPP represents something of a threat, in that it could lead to customer attrition and erode several revenue streams: the float associated with paper check processing, cash management fees, and other revenues associated with traditional payment processing.