Three broad model of electronic bill presentment and payment, Other Subject

Assignment Help:

Three broad models of EBPP have emerged. These are

1.   Consolidation, wherever many bills for any one receiver are made accessible at one Web site, most usually the recipient's bank. In several countries, such as New Zealand, Australia, and Canada, the postal service as well operates a consolidation service. The definite task of consolidation is occasionally performed by a third party and feed to the Web sites where customers accept the bills. The main attraction of consolidation is that customers can accept and pay numerous bills at the one location, therefore minimizing the number of login IDs and passwords they must keep in mind and retain.

2.   Biller Direct, where the bills formed by an association are made offered through that association's Web site. This model works well if the receiver has reasons to visit the biller's Web site other than to take delivery of their bills. In the shipment industry, for illustration, customers will visit a carrier's Web site to follow items in transit, so it is practically suitable to take delivery of and pay freight bills at the similar site.

3.   Direct email delivery, where the bills are emailed to the client's Inbox. This form most intimately imitates the analog postal service. It is suitable, because approximately everybody has email and the consumer has to do nothing excluding use email in order to obtain a bill. Email delivery is proving especially popular in the Business to business market in many countries.


Related Discussions:- Three broad model of electronic bill presentment and payment

How & what are process of tutoring!, Hello  Please suggest me process of...

Hello  Please suggest me process of online tutoring? Please reply ASAP

Different types of socialisation undergone by an individual, Question : ...

Question : Read the following statement and answer the following questions: ‘The personalities we develop depend largely on the environment in which we live. When a child's

Matlab help, I need to identify the optic disc using matlab. How would I do...

I need to identify the optic disc using matlab. How would I do this?

Logic, #qIf you have two candles on a boat but no source of fire. How will ...

#qIf you have two candles on a boat but no source of fire. How will you lighten a candle if you are in the middle of the river? uestion..

Illustrate how miranda might be counselled, Client: Miranda 30 year old fem...

Client: Miranda 30 year old female, completed her higher school certificate at the age of 19, and is now a housewife. She married a foreigner and has two children, the elder a son

Business math, Calculate the cash discount and the net amount due for the f...

Calculate the cash discount and the net amount due for the following transaction. Amount of Invoice Terms of Sale Cash Discount Net Amount Due $12,660.00 2/10, n/45 $ $

Introduction to Psychology, "Sometimes, it is tempting to analyze people yo...

"Sometimes, it is tempting to analyze people you know in terms of disorders they seem to show. What are the risks of assuming this kind of role as an amatur Psycholgist."

Banking system in the united kingdom and that in germany, QUESTION 1 (...

QUESTION 1 (a) The Central Bank of a country performs several key functions within its economy. Besides being the Regulator and Supervisor of Banking Institutions, discuss the

Application techniques and procedures used in sfbt, Question: (a) Show ...

Question: (a) Show ego-defense mechanisms giving a real life example for each. (b) What are the basic concepts of reality therapy? (c) Using real life illustrations, ho

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd