Electronic bill presentment and payment

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Nacha creates broadly adopted payment and financial messaging rules and standards through consensus-led governance, international collaboration, and innovative development practices.

We continually advance the ubiquitous ACH Network and engage diverse stakeholders to accelerate a digital future of global financial services interoperability. Through solutions such as Orbipay, a business can efficiently manage the entire billing and payments process, providing a seamless experience for customers while reducing costs and improving cash flow for the business.

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Leveraging Orbipay allows businesses to better service their customers while also streamlining internal financial and operational processes, improving their organizations as a whole. About Nacha—The Electronic Payments Association Nacha—The Electronic Payments Association is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable electronic payments and financial data exchange within the U. In , there was a total of nearly 26 billion ACH transactions. Of these, Visit nacha. Electronic billing or electronic bill payment and presentment , is when a seller such as company, organization, or group sends its bills or invoices over the internet , and customers pay the bills electronically.

Electronic Bill Presentment and Payment (EBPP) | CDP – Communications inc

There are a number of advantages to electronic billing that include the faster presentation of invoices and reductions in costs in handling paper document. However to take full advantage of electronic billing both seller and buyer need to have in place computer systems able to handle electronic billing and have access to financial institutions that can do electronic payments.

The development of electronic billing and payments started in late 20th century, and whilst its exact origins are unclear, it is generally agreed that development of electronic billing coincided with the rise of the Information Age. It went hand in hand with the development of internet banking , introduction of accounting software and widespread use of the email. Certain electronic billing applications also provide the ability to electronically settle payment for goods or services.

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Billers, bankers, aggregators and consolidators can play various roles in the overall process. Once roles are defined, it is easier to identify which model is most appropriate for the client's strategy.


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Billers may also implement more than one model in order to best serve their clients. Because the industry is continuously changing and redefining, the options and opportunities will continue to expand. In developed countries existing legacy banking systems and rules has slowed down the development of electronic billing.

For example, in the United States financial institutions typically formally prohibit the use of their consumer electronic bill payment systems for payments to certain agencies such as: collection agencies, or recipients of court-ordered payments like child support or alimony. Any organizations or individuals outside of the United States are also usually excluded.


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Payments to government agencies for utilities such as water are usually permitted. Electronic bill pay systems fall into two categories, "pay-anyone" services and restricted biller list services. In a pay-anyone service, the provider will facilitate a payment to the payee regardless of whether they have an electronic connection with that payee or not. If they cannot deliver the payment to the payee electronically, they will print and mail a paper check on the payer's behalf.

This is the primary reason why some billers in a pay-anyone service require as much as a 5-day lead time for the payment to reach the payee. Restricted biller list payment services allow you to pay any biller that is in the provider's network, and in these services where the provider has an electronic relationship with the biller, the payments will be delivered electronically.