[1] This replaces the traditional method where invoices are sent in paper form and payments are done by manual means such as sending cheques.
Advantages to electronic billing include the faster presentation of invoices and reductions in costs compared to handling paper documents.
If they cannot deliver the payment to the payee electronically, they will print and mail a paper check on the payer's behalf.
This is the primary reason why some billers in a pay-anyone service require as much as a 5-day lead time for the payment to reach the payee.
The report mentioned: ACI Worldwide, Alacriti, Aliaswire, Amazon, American Family, BillGo, BillingTree, Billtrust, BlytzPay, Canam Steel, CapitalOne, Comerica, County of Los Angeles, Dade Systems, Dominion Energy, Drive Time, Eversource, Excelon, Farmer's Insurance, Fifth-Third Bank, FIS, Fiserv, Georgia Power, Grameen America, High Radius, Internal Revenue Service, InvoiceCloud, John Hancock, KUBRA, Liberty Mutual Insurance, Mastercard, Miami-Dade County, Mint.com, Mitsubishi, Mountain America Credit Union, MyCheckFree.com, National Grid, NCR, New York Life Insurance, Nissan, Ohio Mutual Insurance, Oklahoma Wesleyan University, OneMain Financial, Opportun, Paymentech, Paymentus, PayNearMe, PayPal, PNC Bank, Point and Pay, Pulte Mortgage, QuickBooks, Repay, Santander, Solano County, California, Southwest Gas, State of California, Stripe, SWBC, TDBank, Technology Credit Union, Transactis, Uber, United Auto Credit, U.S. Bank, Veridian Credit Union, VPS, WageWorks, Wells Fargo, Westlake Financial, and Wyndam Vacation Rentals.