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EBPP

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ALSO CALLED: Electronic Billing, Electronic Bill Presentment and Payment, EPP, eBilling
DEFINITION: On the Internet, electronic bill presentment and payment (EBPP) is a process that enables bills to be created, delivered, and paid over the Internet. The service has applications for many industries, from financial service providers to telecommunications companies and utilities.Although buying products over the Internet with a credit card has become a common occurrence, viewing the credit card bill  … 
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EBPP DEFINITION (continued): …  itself - and making payments to settle the bill electronically - has not. This is expected to dramatically change as new EBPP products are introduced that include features such as secure e-mail delivery, and also as EBPP technology becomes more common in business-to-business e-commerce.One of the obstacles to widespread adoption of EBPP lies in the complexity of billing systems and processes used by competing banks and financial institutions. Some have resisted implementing EBPP for fear of being unable to cross-promote other services to customers, although experts claim EBPP appears ideal for … 
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