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Bill presentment

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Definition Edit

Bill presentment is

[a]n e-banking service whereby a business submits an electronic bill or invoice directly to the customer's financial institution. The customer can view the bill/invoice on-line and, if desired, pay the bill through an electronic payment.[1]

References Edit

  1. FFIEC IT Examination Handbook, E-Banking, Appendix B: Glossary (full-text).

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