Define and explain how EBPP systems work. Describe each of the main EBPP business models
What will be an ideal response?
EBPP refers to electronic billing presentment and payment systems, which are forms of online payment systems for monthly bills. Analysts expect electronic bill presentment and payment to become one of the fastest growing e-commerce businesses in the United States over the next several years because everyone involved stands to benefit from the process. Billers will cut costs by eliminating printing, paper, envelopes, postage, and the processing of paper checks and payments. Furthermore, EBPP will offer billers an opportunity to enhance customer service and target market. Customers will save time and eliminate checks and postage. Companies can use EBPP to present bills to individual customers electronically or they can contract with a service to handle all billing and payment collection for them. There are two main types of EBPP business models: biller-direct and consolidator. In biller-direct systems, a biller delivers the bill to customers via its own Web site or via a third-party's site. A service bureau is often used to provide the necessary infrastructure. The second major type of EBPP business model is the consolidator model. In this model, a third party, such as a financial institution or portal, aggregates all bills for consumers and ideally permits one-stop bill payment (pay anyone).
You might also like to view...
Discuss the basic forms used in a job-order costing system
Restating or paraphrasing what the speaker says is considered a rude and unprofessional listening technique.
Answer the following statement true (T) or false (F)
Describe the six factors of competitive advantage.
What will be an ideal response?
In which of the following circumstances would it be most appropriate to use the holding period return?
A) to compare the capital gains on a house held for 8 years and a mutual fund held for 6 years B) to compare the calendar year performance of stocks purchased in March to stocks purchased in September C) to compare the dividend yield of stocks to the interest rate on bonds D) to compare the performance of several stocks, each of which was held throughout an entire year