Financial Services Industry
Industry: Email Alert RSS FeedFrom the Outside: Launching the Age of EBPP
Bank Technology News, March, 2002 by Cathleen Conforti
Financial services experts agree that the widespread implementation of electronic bill presentment will dramatically elevate EBPP volume. For example, Jupiter Media Metrix predicts that the number of U.S. households in which bills are received by mail but paid online will jump to 25.8 million by 2005, compared with 7.7 million today. Even more remarkable, the research firm expects the number of households that receive and pay bills online will skyrocket to more than 40 million in 2005 from less than 3 million this year.
Jupiter is not alone in forecasting extraordinary growth in the field.Gartner research indicates that 15 percent of U.S. households will have adopted EBPP by mid-2003, up from just 3 percent in 1999. Industry watchers The Nilson Report and The Green Sheet...
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