International Data Corp.Electronic bill payment and presentment (EBPP (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 the payment services that are supported. ) is finally starting to build real momentum, International Data Corp. says worldwide revenues of the Internet-based EBPP market jumpd 540 percent in 1999 to $32 million--and they are, expected to escalate es·ca·late v. es·ca·lat·ed, es·ca·lat·ing, es·ca·lates v.tr. To increase, enlarge, or intensify: escalated the hostilities in the Persian Gulf. v.intr. at a 100 percent compund annual growth rate through 2004, pushing revenues over the $1 billion mark. The growth reflects improved sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. of EBPP products as well as their increased implementation in B-2-B commerce. |
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