16 August 2017
visit www.avoka.com

Nacha publishes EIPP white paper

02 August 2001  |  4219 views  |  0 Nacha publishes EIPP white paper

Nacha's Council for Electronic Billing and Payment has published a white paper outlining a framework for businesses to evaluate the comparative benefits of specific electronic payment mechanisms.

The paper is the second in a series produced by the Council's business-to-business task force on electronic invoice presentment and payment (EIPP). It outlines the features of B2B electronic payment methods - automated clearing house (ACH), alternative electronic networks (MasterCard RPPS, Visa ePay), and credit card - as well as traditional payments (cheque and wire transfer). For each payment method, the paper presents an overview, process flows for buyer- and seller-initiated payments, functional differentiators, and an economic analysis.

The first paper, issued in January 2001, analyses the three models of electronic invoice presentment that are emerging in the market - buyer direct, seller direct, and consolidator.

Jane Wallace, acting chair of the Council and CEO of the consumer and payments division at Princeton eCom, comments: "The Council for Electronic Billing and Payment believes that widescale adoption and product innovation will occur only when the executives in the B2B space have a broader understanding of electronic invoice presentment processes and related payment options."

Both papers are available on the Council's Web site at http://cebp.nacha.org/publicdocs/publicdocs.html

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Nacha pilot secures ATM card payments on the Internet

Nacha pilot secures ATM card payments on the Internet

23 July 2001  |  4136 views  |  0 comments
Nacha Internet payment programme exceeds membership goal

Nacha Internet payment programme exceeds membership goal

10 July 2001  |  2563 views  |  0 comments
Nacha launches Internet transactions payment programme

Nacha launches Internet transactions payment programme

06 June 2001  |  2778 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.abe-eba.eudownload the paper now

Top topics

Most viewed Most shared
hands typing furiouslyBI and Analytics - A New Perspective
10957 views 0 | 2 tweets | 12 linkedin
Coinbase raises $100mCoinbase raises $100m
10082 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9425 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9186 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8290 views comments | 6 tweets | 21 linkedin