Online Bill Payment | MasterCard RPPS®

Your single connection to comprehensive electronic payment services for the 21st century.


Online Bill Payment: The Opportunity and the Solution With mass adoption of online bill payment now a reality, more and more banks and financial institutions are discovering the benefits, leadership, and vision of MasterCard RPPS^®. More...		A Single Connection—with Near 100% Reach—from an Industry Leader MasterCard RPPS offers a single point of connectivity to virtually every consumer in the United States who is paying bills online at a financial institution's Web site, and just about every industry service provider. More...


Faster Payments and Greater Operational Efficiency and Accuracy Online bill payments transmitted via MasterCard RPPS significantly boost operational efficiency versus paper, reducing the number of check-and-list items and the employee-hours devoted to slow, expensive, error-prone manual processing. More...		Get Started Today and Enjoy Extensive Support MasterCard RPPS adds value across the entire electronic payments landscape. We're ready to manage your online bill payment tasks so you can concentrate on building your business in this expanding environment. More...

With mass adoption of online bill payment now a reality, more and more billers, financial institutions, and service providers alike are discovering the real benefits of this powerful electronic service. To make the process as seamless, secure, and error-free as possible, industry leaders look to the experience, leadership, and vision of MasterCard RPPS.

Billers are finding that not only do electronic bill payments from their customers post faster and more accurately than paper remittances, but the processing costs are also a fraction of those for paper. Financial institutions and service providers, which have long appreciated these advantages, are now finding new reasons to embrace online payment services, including the superior profitability of their online customers and the excellent cross-sell opportunities of the online marketing channel. With more than a third of consumers now paying their bills online, according to a Harris Interactive study, many are finding their financial institution's Web site an attractive financial management tool that provides a reliable, secure, one-stop payment option.

According to Financial Insights, 21.8% of electronic bill payments were made online at online banking sites in 2003 versus 78.2% at biller-direct sites. By 2008, online banking payments will account for 42.7%.
A 2006 Dove Consulting study indicates that 31% of consumers paying bills online used online banking sites exclusively in 2005, 19% used both online banking and biller-direct sites, and 50% use biller-direct exclusively.
According to the Dove study, the use of checks has dropped precipitously in recent years, from 72% of consumer bill payments in 2001, to 60% in 2003, to just 49% in 2005.
By 2010, checks' share of the payment market could fall below 25% of non-cash payments, according to a Dove Consulting study conducted in 2004 for the Federal Reserve.
In five years, consumers in the United States will receive more bills through the online channel than through traditional channels, and the average number of monthly household bills paid online will more than double, according to a recent report by Jupiter Research. Jupiter forecasts that 6.4 billion U.S. bills—50% of the U.S. total—will be presented online by 2009.

Whatever your role in the process, your single connection to MasterCard RPPS links you to the vast majority of industry service providers and delivers valuable automated solutions. The MasterCard RPPS network is designed to optimize data accuracy, speed delivery, and secure your transactions. This translates into potentially significant cost savings, enhanced productivity, and stronger customer relationships versus paper-based payments and less-sophisticated electronic payment methods.

Established in 1987, MasterCard RPPS processes tens of millions of electronic payments every month with unsurpassed reliability, and we continually lead the way with innovative features to enhance your electronic payment capabilities.

We leverage the broad expertise of MasterCard Worldwide to offer a wide variety of solutions—from prepaid card loading to integrated online commercial invoicing and remittance processing.
MasterCard RPPS continues to champion fully electronic payment solutions, playing a significant role in the conversion of paper remittances into electronic transactions.

MasterCard RPPS offers a single point of connectivity to virtually every consumer in the United States who is paying bills online at a financial institution's Web site, and just about every industry service provider.

Our extensive reach keeps more payments electronic across the entire payment process, lowering your processing costs and improving productivity.
Our multiple connectivity options and our accommodation of a wide variety of file formats help minimize your development time and costs, so you can take full advantage of our powerful network swiftly and inexpensively.

Electronic bill payments transmitted via MasterCard RPPS are posted and settled much more quickly than paper-based payments or other types of electronic transactions.

Account editing, routing, settlement, and posting functions are all typically completed within 24 hours.
Settled in a good funds environment, MasterCard RPPS transactions provide a high level of payment assurance that standard paper remittances simply cannot duplicate.
Advanced risk-management procedures provide robust security for all your transactions.

Automated delivery of electronic payments significantly boosts operational efficiency versus paper, reducing the number of check-and-list items and the employee-hours devoted to slow, expensive, error-prone manual processing.

Sophisticated edits greatly reduce the potential for returns by validating account information before MasterCard RPPS transmits a payment. Billers receive only the record types they can process, avoiding the costs, inconvenience, and delay that can result from incorrect transmissions.
Automated payment reversals, at the biller's option, can reduce manual processing of exception items.
Intracurrency settlements allow participants in numerous countries to send and settle MasterCard RPPS transactions within the same currency.

To learn more, click here for a printable version of the MasterCard RPPS Online Bill Payment Fact Sheet.

MasterCard RPPS adds value across the entire electronic payments landscape. Learn more today!

MasterCard RPPS delivers the most advanced electronic payment services available, setting the standard for the industry. We understand and fully support your needs—and we’re ready to manage your online bill payment tasks so you can concentrate on building your business in this expanding environment.

Our dedicated customer-service staff offers expert, timely assistance. When you contact MasterCard RPPS Customer Service and Operations, you’ll reach a trained product analyst who can resolve any issue or problem.
Public advocacy, consumer awareness programs, marketing initiatives, sales support, and proactive account management are designed to improve your bottom line.

To learn more about all of our payment services, please contact MasterCard RPPS Sales and New Business Development at 1-800-535-2130.

E-mail: rpps_sales@mastercard.com

Web site: www.mastercardintl.com/rpps