Bill direct payment model

Vincent Polim 2301922404

Biller Direct is an electronic payment model that allows users to be billed directly from electronic merchants that are already available through the portal or website of each merchant, if we notice each of them often receives bills by mail, but with technology that has developed rapidly bills can be sent and shown online or through the internet network.

Biller’s direct payment model is very useful for all especially merchants because by using this process the time used to pay for products will be reduced drastically because this payment process is done through the internet network or online, not only time saved but the resources that must be used are also less. In other words, the company will get a more efficient process, which is a very profitable thing for the company because the costs used will also be reduced. For example, credit cards where customers who have credit cards can use it to pay bills, wherewith the machine and internet, the payment process will be very quickly implemented

Reference:

KANGAN, J., 2020. Electronic Bill Payment & Presentment (EBPP). [online] Investopedia. Available at: <https://www.investopedia.com/terms/e/electronic-billpayment-presentment.asp> [Accessed 17 March 2021].

Watters, B., 2020. What the Rise of the Mobile Only Customer Means for Biller Direct –  Aliaswire. [online] Aliaswire. Available at: <https://www.aliaswire.com/what-the-rise-of-the-mobile-only-customer-means-for-biller-direct/> [Accessed 17 March 2021].