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.
Resources
- Retail Debit Balances Best Practices and Procedures (PDF) (2016)
- Best Practices for Handling Retail Debit Balances Webinar Recording (YouTube) (2016)
This technical report is a useful tool for retail industry members and software vendors who desire to improve and standardize how debit balances are handled by various trading partners. - B2B Directory Concept Paper (PDF) (2014)
2014 whitepaper from the B2B Directory workgroup documenting the directory concept - Survey of Business Practitioners – Final Report (PDF) (2012)
Summary of results of the 2012 survey of business practitioners about Electronic Payments & Remittance Data: Pain Points & Solutions