How do B2B electronic payments and billing systems differ from B2C electronic payments?

What will be an ideal response?

B2B payments usually are much larger and significantly more complex than the payments made by individual consumers. The dollar values often are in the hundreds of thousands, the purchases and payments involve multiple items and shipments, and the exchanges are much more likely to engender disputes that require significant work to resolve. Simple e-billing or EBPP systems lack the rigor and security to handle these B2B situations. B2B payments are part of a much larger financial supply chain that includes procurement, contract administration, fulfillment, financing, insurance, credit ratings, shipment validation, order matching, payment authorization, remittance matching, and general ledger accounting.

Business

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