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Deep Dive: Billing And The Use Of Real-Time Payments

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BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts. BBP enables only payment of bills from participating businesses, meaning certain invoices cannot be reconciled. . How RTP Has Changed the Bill Payments Game.

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Mastercard: Moving Beyond The Cards With Payment On Delivery, Online Bill Pay

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And to get there, the company is leveraging the functionalities gained from its 2017 acquisition of Vocalink and its 2019 buy of Transfast to shift payments beyond traditional card rails. Much as is the case with the Payment on Delivery, he said, data that accompanies the transaction is rich — and, to the payers, reassuring.

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