Electronic Bill Presentment and Payment (EBPP)
Definition - What does Electronic Bill Presentment and Payment (EBPP) mean?
Contrary to popular belief, EBPP is not the same as E-commerce or buying items over the Internet.
Techopedia explains Electronic Bill Presentment and Payment (EBPP)
During past decades, banks have partnered with different financial and service companies to allow customers to pay their bills online through a bank’s specific online facility; that is, if the customer has an account with the bank. This is more of a ploy to get people to open a bank account than actual EBPP. Real EBPP should be done through a single facility directly controlled by the organization that does the actual billing, and it should be very similar to E-commerce, which is very simple and allows the user to choose from many methods of payments.
The growth of EBPP has mainly been delayed by financial organizations, such as banks, owing to their refusal to relinquish control of lucrative cash-management services and to disputes over the adoption of a uniform security and implementation standard.