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NACHA - eBill system 4/14 Businesswire NACHA said its Electronic Billing Information Delivery Service (EBIDS), which speeds up the ability of consumers to receive electronic bills (eBills) at the online provider of their choice, began operation. The first transaction was the presentment & payment of a Verizon bill. Verizon is one of the founding participants of EBIDS. ‘Verizon believes that the EBIDS model will expand consumer use of electronic bill presentment & payment,’ said Angeline DePauw, Verizon. ‘EBIDS will improve our work processes & reduce operation & accounting costs.’ EBIDS expands the capabilities of the ACH Network—a universal, electronic channel with open standards—to include the distribution of consumer bills to financial institutions. Benefits include: Increased revenue for banks Reduced costs & extended reach for businesses Privacy for consumers Paperless transactions ‘EBIDS securely, safely, & simply accelerates the process of e-billing & payment,’ said Steve Ellis, Wells Fargo. ‘By eliminating paper & providing easy access to bill information, EBIDS is a win-win-win: for banks, consumers & businesses.’ The USPS handles 20b paper bills for consumers each years. Using the ACH Network to process paperless eBills is an environmentally friendly alternative.