More on Billpay - Industry Facts

Here are some interesting tid-bits I found on the web today at checkfree.com about billpay. These numbers are impressive and show that if you are not paying your bills online today, you soon will be.

Industry Fast Facts

• CheckFree delivers more than 30 million e-Bills each quarter.
• Online bill payment is fast becoming a mainstream consumer practice, with at least one-third of U.S. households expected to pay bills via the Internet in 2004. (TowerGroup, May 2004)
• By 2007, 65 million U.S. adults will view their bills online. (Gartner, January 2004)
• The practice of electronic bill and invoice presentment are becoming increasingly common. Fully 47 percent of large consumer billers are expected to have an electronic billing application in place this year. (TowerGroup, May 2004)
• In the next five years electronic billing and payment services will grow by nearly 80 percent – nearly doubling the number of U.S. households paying bills online by 2008. (Forrester, November 2003)
• Paying bills online was the fastest growing consumer Web application in 2002, up from fourth in 2000. (Javelin Strategy & Research, April 2003)
• The use of online banking among U.S. consumers will grow from the present rate of 17 percent to 30 percent by 2007. In addition, market penetration will reach 50 percent of consumers in some desirable market segments during the same period. (Gartner, February 2003)