B 2B Payments Directory Association
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The Business Payments Directory Association (BPDA) has been established to create the Business-to-Business (B2B) Directory, a comprehensive database designed to streamline electronic business payments by providing essential payee information. This directory aims to eliminate barriers to electronic payment adoption, particularly the challenge of obtaining the necessary electronic banking address for transactions.
By enabling payees to register their Electronic Payment Identity (EPI) and specify their preferred payment methods, BPDA facilitates the retrieval of payment routing instructions and supports various payment types. The association is collaborating with Discover Financial Services and NACHA to develop a proof of concept platform built on blockchain technology, positioning the B2B Directory as a standardized resource for electronic payment information in business transactions.
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