Many people today have already adapted to the technological generation not only the teens but also those that are involved in business. Most of us prefer the faster way rather than the old fashioned way. Come to think of it, practicality's the way to navigate your way out of this busy world. Just like in the case of bill payment, why would you waste your time waiting and falling in long queues just to pay a single bill? I'm sure you've got more important things to attend to than to hang around static and unproductive. That's why EBPP is invented to address this very issue of inefficiency.

EBPP is an acronym which stands for Electronic Bill Presentment and Payment. This is a system of payment using the internet where companies invoice their customers and in return, get paid electronically over the internet. This is much easier than the usual way of paying bills due to the fact that transactions are done over the internet meaning you can view your accounts anytime, anywhere. You won't have to wait for your bills to arrive and you won't risk the chance of overlooking your bills because you get updates on your email. Companies who send out invoices would be saved from the cost to produce, distribution, and the collection of bills.

There are two types of EBPP models namely, direct model and consolidator model. In a direct model, bills are directly sent to the consumers through the biller's web site or using a third-party's side. A consolidator model, on the other hand, is done in such a way that bills from different billers are sent to a single web site to be presented collectively to the consumer.

In paying the bills, one can either use certain software or go directly into a specific web site catering EBPP to pay. In doing so, you will be needing to provide them certain information like your name, address, company where you work, account numbers, and other details essential to the completion of the procedure. This step is very risky and many are hesitant to engage in EBPP due to this factor and they worry too much about their security. To avoid such incidents from happening, one should make sure that he/she knows what he/she is dealing with and make sure that he/she has enough information about the bank or company he/she is doing business with.

Aside from being practical, this type of bill presentment and payment promotes an environmental conservation. Companies as well as their consumers are "going green" and becoming more aware about the present condition of our environment. In doing transactions over the internet, paper usage is being decreased and a lot of trees are saved in doing so. According to surveys, more than 674 million gallons of fuel are used in manufacturing paper cheques and they contribute more than 3.6 million tons of harmful greenhouse gases to the environment. And also, In Europe, it is estimated that 13 million trees are being cut down for the production of all paper invoices every year.