On line Bill Presentment ( estimated that > 15 million by 2002 will have their monthly bills delivered on line)
On line billing systems are merging with other standards for moving data and securing
data transactions.
Specifications include:
OFX: (open financial Exchange, is a client/server based
specification which enables financial instutions to support
transactions
conducted from Web enabled clients and is likely to become the main standard for handling
consumer
and smaller businesses in their banking, bill presentant and even may stretch to their
investments)
IOTP (internet open trading protocol, is an Internet Engineering Task
Force specification,designed for b2b
e-commerce
cases where the buyer and the seller do not know each other because it makes the payment
system
independent of either of them and because it specifies the hows and whys of bill
paying)
XML: (Extensible Markup Language) Early in development but likely
to emerge in a strong position