electronic bill payment and presentment

EBPP:

ELECTRONIC BILL PRESENTMENT AND PAYMENT

EBPP

Electronic Bill Presentment and Payment (EBPP) is the electronic presentation of statements, bills, invoices, and related information sent by a company to its customers, and corresponding payment for goods or services.

Participants

Biller- An entity that bills a Customer. Customer- The party that receives the bill. Could be a

consumer or a business. Biller Service Provider (BSP) - An agent of the Biller that

provides services such as bill formatting, data parsing, bill hosting and bill consolidation.

Customer Service Provider (CSP) - An agent of the Customer that provides service access. Could be a personal finance management software, direct banking site, or a Customer aggregator

Biller Payment Provider (BPP) - Processes payment and remittance information on behalf of the Biller.

Customer Payment Provider (CPP)- Processes payment and remittance information on behalf of the Customer, could be the Customer's bank or a third party.

Payment/Remittance Network(s)- Transfers payment and remittance information between the BPP and CPP.

Process

Service Initiation

Presentment

Payment & Remittance

Service Initiation

Biller

Customer Service Provider (CSP

Biller

Customer Service Provider(CSP)

Presentment Models

Biller Direct Third Party Consolidation/Aggregation Customer Consolidation Emerging Models

Biller Direct

Third party consolidation /aggregation model( Thick and Thin)

Tyh

Customer Consolidation model

Payments

Biller Originated Customer Originated Third-Party Originated

Biller Originated

Customer Originated

Third party originated

Consumer Benefits

Direct control over the timing and amount of the payment

A savings on the cost of checks, postage and envelopes

Simplify bill payment processing and record retention

Centralize and streamline all bill payment functions and storage on their computer

Review bills and make payments when they want, 24 hours a day

Reduction or elimination of paper filing and storage

Biller benefits

Improve customer service Leverage the delivery power of the Internet Provide a unique opportunity to touch your

customers in a new medium Create one-to-one marketing opportunities Integrate with existing automated billing and

payment functions, such as cash management and accounts receivable

Reduce billing and payments processing expense Customer retention Improve cash flow and posting time

Sample online bills

Examples

www.bsnl.co.in

www.icicibank.com

www.billjunction.com