EBPP Last modified: Wednesday, February 12, 2003
Short for electronic bill presentment and payment, the process by which companies bill customers and receive payments electronically over the Internet. There are two types of presentment models: direct model: a biller delivers the bill to customers via its own Web site, or via a third-party's site. consolidator model: bills from multiple billers are delivered to a single Web site, to be presented in aggregate to the consumer for viewing and payment.
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