A vendor service that involves rendering an invoice on a Web site and providing for electronic payment in the form of an authorization for a wire transfer or a credit card charge. See WWW.
(Electronic Bill Presentment and Payment) Sending invoices to customers over the Internet. When payment is due, an e-mail is sent with a link to a Web page that contains the billing information and payments methods that are supported. Customers can "click here" to pay bills via the payments service they are enrolled with. The Web page can also provide links to more support and information than would normally be included in a paper bill as well as offerings for new services. See Web payments service.