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. National Automated Clearinghouse ...

    A non-profit membership association charged with overseeing the ...
  5. Electronic Payments Network - EPN

    An electronic automated clearing house (ACH) that serves as the ...
  6. Accounts Receivable - AR

    Money owed by customers (individuals or corporations) to another ...
Related Articles
  1. Choose To Beat The Bank
    Options & Futures

    Choose To Beat The Bank

  2. Automating Your Bill Payments
    Options & Futures

    Automating Your Bill Payments

  3. How Visa Counts On Your Free-Spending ...
    Stock Analysis

    How Visa Counts On Your Free-Spending ...

  4. Don't Sign That! Legal Pitfalls of Signatures ...
    Personal Finance

    Don't Sign That! Legal Pitfalls of Signatures ...

comments powered by Disqus
Hot Definitions
  1. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  2. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  3. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  4. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  5. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  6. Budget Deficit

    A status of financial health in which expenditures exceed revenue. The term "budget deficit" is most commonly used to refer ...
Trading Center