Electronic Payments

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One of the primary objectives of the BPC is to promote greater usage of electronic payments in B2B transactions. Electronic payments are generally recognized as less expensive and less fraud-prone than checks.

One key enabler for electronic payments and B2B payment efficiency is for payers to obtain trusted payment information for their suppliers. The BPC completed a B2B Directory project in 2016 that resulted in the Business Payments Directory Association (BPDA) (Off-site), a non-profit organization dedicated to creation of a B2B Directory. The B2B Directory is a public utility database, or “public phone book” of business payees and payee information that will allow payers to find the information needed to make payments to their payees electronically.

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