Effective Date: October 11, 2022
Bill.com, LLC, and its affiliates, (collectively, “BILL” or “we”) is a leading provider of cloud-based software that simplifies, digitizes, and automates back-office financial processes for small and mid-sized businesses. Our mission is to make it simple to connect and do business. BILL also provides bill payment services on behalf of our partners to service their customers (“Partners”). Our Partners include some of the leading banks in the United States, including Commerce Bank, First National Bank of Omaha, JP Morgan Chase, KeyBank, PNC, and Wells Fargo.
In connection with providing services to our customers and our Partners’ customers, BILL facilitates and maintains a network in which millions of businesses (“Network”) interact with each other to send and receive invoices and payments. Any business or party that interacts with others in the Network to send or receive a payment, an invoice, or related communication is a participant of the Network (“Participant”). Participants may be subscribers of BILL or one of our Partners, as well as those subscribers’ vendors and customers. BILL and each of our Partners are service providers to Participants in the Network (each a “Network Service Provider”). The Network enables Participants to find each other, connect, and interact, enabling a faster and more efficient process for sending, receiving, and managing invoices and payments. Participants may interact with each other via the Network in a variety of ways to send or receive invoices and payments.
With all of the Participants on the Network interacting with each other, it is important that the Network is interoperable. Interoperability makes it easier for Participants to connect. The Network Rules are intended to achieve this goal by creating a common set of rules that apply equally to all Participants and their activities and interactions in the Network. The Network Rules provide the foundation for a successful interoperable network that provides consistency, predictability, stability and trust for the Participants and our Partners.