Electronic billing

Electronic billing is the electronic delivery of invoices (bills) and related information by a company to its customers. Electronic billing is referred to by a variety of terms,including the following:

• Electronic bill payment
• EBPP — electronic bill presentment and payment (typically focused on business-to-consumer billing and payment)
• EIPP — electronic invoice presentment and payment (typically focused on business-to-business billing and payment)
• "e-billing"
• "e-invoicing"
• "electronic invoicing"
• ePayables
• eInvoice
• Telecommunications billing

While there are current efforts to standardize systems for electronic billing and invoicing, there is currently a wide variety of options for businesses and consumers. Most fall into two categories:

• CSPs (customer service providers) which allow a business to invoice clients electronically
• bank aggregators, which allow consumers to pay multiple bills, typically through their bank

Increasing acceptance of e-billing by consumers and the business community (according to Kiplinger magazine, 77% of business owners now favor electronic billing),as well as increased concern for security and the environment, is speeding up the shift to electronic billing from paper billing.

See also

• E-commerce payment systems
• Legal Electronic Data Exchange Standard

External links

• Electronic Payments Association
• IP Payments