System of Electronic billing process over the internet

Electronic billing or electronic bill payment and fair, is when a dealer similar as company, association, or group sends its bills or checks over the internet, and guests pay the bills electronically. This replaces the traditional system where checks were transferred in paper form and payments were done by homemade means similar as transferring cheques.

There are a number of advantages to electronic billing that include the briskly donation of checks and reductions in costs in handling paper document. Still to take full advantage of electronic billing both dealer and buyer need to have in place computer systems suitable to handle electronic billing and have access to fiscal institutions that can do electronic payments.

Types of electronic billing

• Biller-direct – where consumers make payments directly to one biller that issues bills that they admit at the website of the establishment that issued the bill. An illustration would be of a public mileage company offering this payment service to its consumers. A request has surfaced for outsourced billing providers who specialize in electronic billing processes and technology for companies that need to shoot bills directly to their guests.
• Bank aggregator where a payment is made at an aggregator or consolidator point, generally from a consumer's bank's website. This model allows the consumer to make payments to multiple billers that are pre-registered to admit payments. Exemplifications are One-up in the UK and bill in Switzerland.