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

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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.


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