Major factors driving adoption of Electric Bill Presentment and Payment (EBPP) among modern organizations include developments in technology, lessor cost of e-payments, increased control, assured security, privacy and convenience, presence of technology-savvy individuals, higher penetration rates of broadband and increased use of online banking services.
Market Research HUB has added a new report titled "Electronic Bill Presentment and Payment (EBPP) Report on Global and United States Market, Status and Forecast, by Players, Types and Applications 2018 - 2025" to its vast collection of reports. Electronic Bill Presentment and Payment (EBPP) is a process of electronically delivering the bills to the individuals and receiving the bill payment via the internet or through an electronic network.
For instance, a customer receives the telephone bill via an e-mail. This e-mail also has a hyperlink mentioned by the service provider for the payment options.
After reviewing the entire bill, the customer clicks on the hyperlink, selects the mode of payment and initiates the transfer of funds. The electronic bills delivery and receipt of payments can also be conducted via two separate networks.
For example, in business to consumer transactions such as payment of utilities, the bills are received at the site in the form of paper and payment is done using debit or credit cards.
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Implementing the system of EBPP by business establishments automates, streamlines and manages processes that involve payments. The benefits of implementing EBPP technology is that it reduces the time and costs associated with processing by eliminating the need to print and post paper mails, optimize working capital, improves marketing capabilities and be ahead in the competitive environment.
Also, the customer service costs tend to drop due to lesser errors in electronic transactions than in paper transactions. Further, EBPP technology enables settling of disputes electronically by presenting interactive bills and eliminating lengthy telephone conversations.
This report studies the global Electronic Bill Presentment and Payment (EBPP) market, analyzes and researches the Electronic Bill Presentment and Payment (EBPP) development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
Visa, Inc. (US)
CyberSource Corporation (US)
Bottomline Technologies, Inc. (US)
Communications Data Group (US)
CSG Systems International, Inc. (US)
Discover Financial Services (US)
Enterprise jBilling Software Ltd. (Canada)
Fiserv, Inc. (US)
ACI Worldwide (US)
Pagero AB (Sweden)
RDM Corporation (Canada)
SIX Payment Services Ltd. (Switzerland)
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Market segment by Regions/Countries, this report covers
Market segment by Type, the product can be split into
Electronic Bill Presentment
Electronic Bill Payment
Electronic Bill Posting
Market segment by Application, the market can be split into
Banks & Financial Institutions
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