Deploying a complete EBPP (Electronic Bill Presentment and Payment) system allows businesses to benefit from reducing
the inefficiencies and costs associated with traditional paper-based processes. The benefits of EBPP are compounded when
the entire purchase-to-pay process is completed electronically. Presenting and processing documents electronically saves
time and money and if you complete the EBPP process by accepting online payments the time and cost saving benefits
are augmented. You get paid quicker and cash flow is improved.
Through partnering with various Payment Service Providers (PSPs), Accountis can support a range of electronic payment
methods such as credit card, debit card, electronic funds transfer and Internet specific payment services such as PayPal.
Through sister company, Payactive, the latest BACS technology, BACSTEL-IP, is also offered. Transactions using all of
these methods can be carried out swiftly and securely using the latest Internet technologies. One of the most popular ways
to pay online is by using credit and debit cards. Research and Consultancy group Celent say that using cards to pay online
has made up around 80% of total e-commerce transactions for the last three years. Accountis has teamed up with leading
UK Payment Service Provider, DataCash, to provide a secure payment gateway for online credit and debit card processing.
DataCash are specialists in the real-time, online processing of credit and debit cards for any sized business, offering
transaction authorization and daily settlement.
So, how exactly does online credit card processing work and how does it fit into the EBPP process? This article aims to
discuss how this online payment method integrates with electronic billing and the resulting benefits.