The Models Of Electronic Bill Presentment And Payment
Electronic Bill Presentment and Payment (EBPP) has become more common in the business to consumer market or what is commonly referred to as B2C market. The use of electronic payments has become more common on the Internet and merchants and consumers have attempted to use this service by the use of two models, biller-direct model and the consolidation/aggregation model.
The following questions have been addressed in this article:What are the advantages and disadvantages of the biller-direct model?
What are the advantages and disadvantages of the thick and thin consolidation models?
What are the other variations of the consolidation model?