Which option provides a summary for payment information between the consumer and the biller?

The correct option for providing a summary of payment information between the consumer and the biller is the Bill Summary. This term refers to a document or report that outlines the details of payments made, due amounts, and other relevant information related to the billing process. A Bill Summary assists consumers in understanding their payment history, outstanding balances, and the nature of charges, thereby fostering transparency in the transactions between the consumer and the biller.

In contrast, other options do not encapsulate this specific role effectively. A Bill Payment Service Provider refers to the intermediary that facilitates payment transactions between consumers and billers, rather than summarizing payment information itself. The Billing Cycle pertains to the time period during which bills are generated and payments are expected, and it does not provide a direct summary of the payment information. Bill Notification usually involves alerts or reminders about upcoming bills or due dates rather than a comprehensive overview of payment history or summary. Hence, the Bill Summary is the most appropriate choice for conveying a complete overview of the payment details exchanged.