B 2B Payments Directory Association
The Business Payments Directory Association (BPDA) is dedicated to creating a comprehensive Business-to-Business (B2B) Directory, designed to streamline electronic payments by providing a centralized database of business payees and their corresponding payment information. By addressing the challenges of finding electronic banking addresses, the BPDA aims to promote the increased adoption of electronic payments within the industry.
In collaboration with Discover Financial Services and NACHA, the BPDA is developing a proof of concept platform built on blockchain technology to establish a standardized, searchable database for electronic payment information. This initiative supports multiple payment types while ensuring the retrieval of necessary payment routing instructions and related business details, enhancing the overall efficiency of B2B transactions.
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