NACHA – The Electronic Payments Association and The Clearing House (TCH) are offering EBIDS as an Automated Clearing House (ACH) product to increase the availability of electronic bills for consumers. EBIDS allows businesses to deliver eBills to online banking accounts for presentment to consumers and to receive authorized credit payments through the safe and secure ACH Network.

EBIDS uses open, interoperable, and secure standards to facilitate bill delivery and payment through online banking channels. NACHA’s ACH formats and rules enable banks, billers, and eBilling providers to standardize Electronic Bill Presentment and Payment (EBPP) transactions.

EBIDS offers new opportunities for financial institutions to serve both consumer and business customers by increasing adoption of online, paperless billing. Here are a few of these opportunities:

• Earn transaction revenue for presenting consumer bills.
  Financial institutions serving consumers will earn transaction revenue for every eBill they present to consumer customers.
• Extend treasury and ACH product services to business customers.
  Financial institutions serving business customers can extend their treasury and ACH product services to include eBill origination, payment concentration, and remittance delivery.
• Use the ACH—the lowest cost channel with the best potential reach.
  EBIDS uses the ACH Network, which is the lowest-cost channel and offers the best potential reach to banks, billers, and consumers.
• Reduce consumer attrition.
  eBill customers have lower attrition rates, maintain higher account balances, and increased cross-sell opportunities.
• Accelerate time to market with existing standards.
  EBIDS leverages the ACH Network and NACHA rules for enrollment, presentment, and payment. The use of existing industry standards accelerates the time to market.

Getting started is easy! Contact NACHA or The Clearing House:
NACHA: Robert Unger (runger@nacha.org, 703-561-3913)
TCH: Mark Tizzard (Mark.tizzard@theclearinghouse.org, 336-769-5441)