Biller-Direct Payments

Biller-Direct Payments
An electronic billing system where consumers make payments directly to the biller's website as opposed to using a third-party aggregator or banking site.
Electronic Billing (E-Billing)
Electronic Billing (E-Billing) refers to the modernized process of sending invoices and accepting payments for goods and services via the Internet. It consists of biller-direct payments and bank-aggregator payments, enhancing efficiency and reducing paper usage.

Accounting Terms Lexicon

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