What electronic payment feature helps businesses send invoices electronically to consumers?

The feature that enables businesses to send invoices electronically to consumers is Electronic Bill Presentment and Payment (EBPP). This system allows businesses to present their bills or invoices through electronic means, such as email or online platforms, making it easier for consumers to view and manage their payments. In addition to presenting bills, EBPP often includes a mechanism for consumers to pay those bills directly through the same electronic platform, streamlining the entire invoicing and payment process.

This approach enhances efficiency by reducing the need for paper invoices and checks, and it allows for quicker payment processing. Consumers benefit from the convenience of managing their bills online, which can lead to improved cash flow for businesses as payments are received faster compared to traditional paper methods.