Electronic Bill Presentation and Payment

Electronic Bill Presentation and Payment (EBPP) is winning more and more approval and interest in the World among bill and invoice issuers, cus-tomers and banks.  Comarch’s initiative to meet this market is the iFin EBPP Platform IT solution for invoice presentation, sending and payment.
The iFin EBPP Platform is an up-to-the-minute solution for e-invoice electronic document sup-port. The iFin EBPP Platform is the flagship product of iFin24 sp.z.o.o., which is a part of the Comarch Capital Group.

Electronic Bill Presentation and Payment (EBPP) is a financial service involving the presentation of bills (e-invoices) to payers through a bank’s Internet banking system. The customer can then make a ‘one-click’ payment. There are three phases in this process:

• presentation of an e-invoice payments list to the payer when he has logged into the Internet banking service with which he has an active account
• presentation of the electronic version of the electronic bill (e-invoice) linked to the pay-ment in question
• ‘one-click’ bill payment - immediate payment option in which the invoice does not have to be viewed.

The iFin EBPP Platform delivers:

• e-invoice storage for statutory six-year period to meet the requirements of issuers and customers validation, verification and mapping for e-invoice formats
• 100% effectiveness in getting documents to the right addressees
• access to reports and analyses on the documents’ status in the process

The iFin EBPP system combines the functionality and experience of systems such as:

• The Comarch ECOD Platform (Electronic Document Support Center). This system is responsible for the transmission of electronic documents. Comarch is Poland’s biggest electronic document services supplier for Electronic Data Interchange (EDI) systems.  Now, more than 8,000 customers use the Comarch ECOD Platform, which represents more than 90% of the EDI traffic in Poland.  These are mainly companies in the FMCG, Banking, Pharmaceutical, Electrotechnical, Oil, transport and building sectors.
• Comarch Internet Banking, which is an Internet banking system so far implemented at six of Poland’s leading banks. The systems at these six banks account for over 25% of all Internet banking customers in Poland.

Benefits to Bank

• a wide range of banking services and products
• new profit opportunities
• recognition from customers for an innovative and modern approach
• opportunities to increase market share
• more customer behavior data with the opportunity to customize products
• publicity from invoice issuers
• no heavy investment requirement

Benefits to Customers (payers)

• online access to bills 24/7
• independence from unreliable post office services
• e-invoices sent automatically which can be viewed and paid in the Internet banking system
• time savings
• receipt of e-mail and SMS notifications of incoming bills and approaching payment deadlines
• straightforward, intuitive one-click bill payment
• subscription service to periodical payment status reports
• access to invoice and billing history
• better control of personal finances with detailed billing, comparison of expenditure in current and previous periods and expenditure forecasting