Electronic Bill Payment & Presentment - EBPP

AAA

DEFINITION of 'Electronic Bill Payment & Presentment - EBPP '

A process used by companies to collect payments via the internet, direct dial access, ATM or other electronic method. Electronic Bill Payment & Presentment (EBPP) is a core component of financial institutions' online bank offerings. There are typically two types of EBPPs: biller-direct and bank-aggregator. Biller-direct refers to electronic billing offered directly by the company providing the good or service. Bank-aggregator refers to paying multiple bills electronically through your bank.




INVESTOPEDIA EXPLAINS 'Electronic Bill Payment & Presentment - EBPP '

Most large banks will offer these bill payment services and some form of EBPP as a part of their online banking system. Typically you can pay your bills from the comfort of your own home if you have a computer that has a web browser and a connection to the internet.




RELATED TERMS
  1. Bill Presentment

    The submission of a bill of exchange for payment. A bill, such ...
  2. Electronic Check Presentment - ...

    A process that allows financial institutions to exchange digital ...
  3. Interchange

    A transfer of information from one computer to another electronically. ...
  4. Accounts Receivable - AR

    Money owed by customers (individuals or corporations) to another ...
  5. Federal Reserve System - FRS

    The central bank of the United States. The Fed, as it is commonly ...
  6. Automated Clearing House - ACH

    An electronic funds-transfer system run by the National Automated ...
Related Articles
  1. Savings

    Can I use a prepaid credit card to pay bills or to transfer money to other accounts?

    Learn how prepaid credit cards enable convenient bill payments and transfers. Explore different fees charged for such transactions.
  2. Options & Futures

    Choose To Beat The Bank

    From internet banking to credit unions, it's in your power to cut fees and maximize service.
  3. Options & Futures

    Automating Your Bill Payments

    Automation can be a painless (and free) way to remove the stress of bill scheduling from your life - if you do it right.
  4. Economics

    Indian Banking Regulations -- What You Didn't Know

    Through these regulations, the Reserve Bank of India steers India's banking sector away from risk and toward its goals for India's economy and society.
  5. Economics

    How do leverage ratios help to regulate how much banks lend or invest?

    Learn what leverage ratios mean for banks, how regulators restrict leverage, and what impact ratios have on a bank's ability to lend or invest.
  6. Savings

    What are some examples of overdraft protection?

    Establish overdraft protection plans to ensure that your bills are paid on time. Use overdraft protection carefully to avoid excess fees.
  7. Credit & Loans

    What’s the difference between overdraft protection and overdraft settings?

    Learn what overdraft settings are, how they impact your relationship with your bank and how they govern the overdraft protections on your demand accounts.
  8. Just how are bank stress tests performed and what is the logic behind them? And is a stress test useful for evaluating a bank's stock?
    Investing Basics

    An Investor's Guide To Bank Stress-Testing

    Just how are bank stress tests performed and what is the logic behind them? And is a stress test useful for evaluating a bank's stock?
  9. Credit & Loans

    What is the difference between a prepaid credit card and a gift card?

    Although prepaid and gift cards are used in the same manner, a prepaid credit card can be used repeatedly, while a gift card is generally only used once.
  10. Personal Finance

    What's the difference between an IBAN and a swift code?

    Learn about IBAN and SWIFT codes, the differences between them, and how to utilize both to successfully complete any international money transfer.

You May Also Like

Hot Definitions
  1. Deferred Revenue

    Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been ...
  2. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  3. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
  4. Simple Interest

    A quick method of calculating the interest charge on a loan. Simple interest is determined by multiplying the interest rate ...
  5. Special Administrative Region - SAR

    Unique geographical areas with a high degree of autonomy set up by the People's Republic of China. The Special Administrative ...
  6. Annual Percentage Rate - APR

    The annual rate that is charged for borrowing (or made by investing), expressed as a single percentage number that represents ...
Trading Center