Final answer:
The statement about the biller direct method of EBPP is true. It involves a company posting invoices online and notifying customers to make payments, similar to the direct transfer process of using a debit card.
Step-by-step explanation:
The statement is true. In the biller direct method of an electronic bill presentment and payment (EBPP) system, a company indeed posts its bills or invoices on its own Web site, or a site hosted by a third party, and notifies customers typically via email that their bill is available to view and pay. This process is similar to how a debit card works; it serves as an instruction to the user's bank to transfer money directly and immediately from their bank account to the seller or service provider. This method ensures prompt payment and is efficient for both the billing company and the customer, as it simplifies the invoice and payment process.
Using the biller direct method, companies can more easily track payments and manage their billing processes. For example, imagine a scenario like that of Noel who discovered a billing error. Such a system could potentially help in quickly alerting the concerned parties and halting any erroneous payments.