EBPP -- The Opportunity
Spend $1.50-$5.00 to produce and send hard copies of bills
Most large billers offer e-billing & e-payment via their own web sites today
Want broad, standardized distribution & consumer adoption
e-billing offers one-to-one tailored marketing opportunities
18,000,000,000 Consumer Bills Annually
- Spend 2-6 hrs/mo and $.34+ to pay each of 12+ average monthly recurring bills
- Have access .. ᡴ% are Internet users
- Looking for real-time convenience of ATMs and automation of repetitive bill-paying tasks
- View banks as trusted agents
Large banks investing 20-25% of their IT budgets on EBPP through 2005