Electronic Bill Presentation and Payment (EBPP) is about electronic accounting. The aim is to electronically process the paper-based structures that have been customary up to now for the creation, dispatch and payment of invoices.
Since the creation of invoices is characterized by company-specific financial structures, electronic invoices can be sent as an attachment to an e-mail, via
theWorld Wide Web (WWW) or by means of Electronic Data Interchange
(EDI). The invoice recipient thus receives invoices in different file formats in different ways.As far as financial institutions are concerned, they are not necessarily willing to implement the EBPP protocol because EBPP does not fully support other banking services and because they are afraid of losing lucrative transfer orders.
EBPP offers the possibility of sending the debtor a summary of all invoices.
This consolidating model is called the Consolidator Model (CM).