The Electronic Payments Association and its Council for Electronic Billing and Payment (CEBP) released today results of a study that documents volume, causes, and costs of bill payment exceptions[1] across several payment channels. [1] The 2012 Exceptions Benchmarking Study defines bill payment exceptions as payments that are unable to be posted accurately and promptly upon [...]
The post Bill payment exceptions cost industry $720 million annually appeared first on Payments Cards & Mobile.