electronic bill payment and presentment

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Various models of electronic bill payment and presentment

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electronic bill payment and presentment

  1. 1. EBPP: ELECTRONIC BILL PRESENTMENT AND PAYMENT
  2. 2. 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.
  3. 3. Participants
  4. 4. 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 
  5. 5. Process Service Initiation  Presentment  Payment & Remittance 
  6. 6. Service Initiation Biller Service Provider Customer (CSP
  7. 7. Biller
  8. 8. Customer Service Provider(CSP)
  9. 9. Presentment Models Biller Direct  Third Party Consolidation/Aggregation  Customer Consolidation  Emerging Models 
  10. 10. Biller Direct
  11. 11. Third party consolidation /aggregation model( Thick and Thin) Tyh 
  12. 12. Customer Consolidation model
  13. 13. Payments Biller Originated  Customer Originated  Third-Party Originated 
  14. 14. Biller Originated
  15. 15. Customer Originated
  16. 16. Third party originated
  17. 17. 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 
  18. 18. 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 
  19. 19. Sample online bills
  20. 20. Examples www.bsnl.co.in www.icicibank.com www.billjunction.com

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