The Reserve Bank of India recently proposed 'anytime anywhere' bill payment system. With reference to it, which of the following statements is/ are correct?

A

The centralized bill payments infrastructure will consist of two types of entities

B

It will function as a tiered structure for operating the bill payment system

C

It will be known as Indian Bill Payment System (IBPS)

D

Both 1 and 2

E

Both 2 and 3