EBPP: a flat-lining market shows a pulse.(When Checkfree signed a deal with Bank of America to assume the bank's electronic billpay service this spring, some of the torpor surrounding the electronic bill payment market lifted)(Brief Article)

ABA Banking Journal, September, 2000 by Bielski, Lauren

When Checkfree signed a deal with Bank of America to assume the bank's electronic billpay service this spring, some of the torpor surrounding the electronic bill payment market lifted

When Checkfree signed a deal with Bank of America to assume the bank's electronic billpay service this spring, some of the torpor surrounding the electronic bill payment market lifted.

Then, in May, the consolidator announced a merger with former foe Transpoint and the market perked up again. A temporary blip on the developmental monitor or indication of a permanent shift into action? It's too soon to say.

But Bank of America's role as patron and partner has added the gravitas of scale by nearly doubling the active users to Checkfree's 3.2 million base of consumers....

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.