Electronic Bill Payment Methods Have Been Adopted by 39% Of Customers.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ireland Ireland, Irish Eire (âr`ə) [to it are related the poetic Erin and perhaps the Latin Hibernia], island, 32,598 sq mi (84,429 sq km), second largest of the British Isles. -- Research and Markets (http://www.researchandmarkets.com/reports/c35131) has announced the addition of the Javelin Strategy & Research report: eBill Payment Timing: Unfulfilled Consumer Desires are a Looming looming: see mirage. Threat to Loyalty to their offering. To date, electronic bill payment has been adopted by 39% of consumers, leaving a large untapped marketspace  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. still available as product capabilities evolve. This report presents the results of field research conducted to better understand consumer preferences for various electronic bill payment timing methods, in order to determine how changes in the timing of payment debiting would affect adoption levels and providers' profits. Bill payment adoption represents a significant profit generation opportunity for banks could a change in payment debiting method provide the next frontier for improved adoption, and thus profitability? Sample Major Findings --Consumers prefer to have funds debited from their accounts on the day payments are made to biller bill·er n. One that bills, as: a. A clerk who prepares bills. b. A machine used in preparing bills. (sameday)and not several days in advance of when payments are made (advance deduction deduction, in logic, form of inference such that the conclusion must be true if the premises are true. For example, if we know that all men have two legs and that John is a man, it is then logical to deduce that John has two legs. ) --How would a potential shift from advanced to sameday payments debiting affect banks' customer satisfaction, adoption and activation activation /ac·ti·va·tion/ (ak?ti-va´shun) 1. the act or process of rendering active. 2. the transformation of a proenzyme into an active enzyme by the action of a kinase or another enzyme. 3. levels? --As more of consumers' bill payments become electronic, how can strategists forecast the impact of realtime payments on their bottomline profits? Topics Covered I. Overview II. Major Findings III. General Findings Consumers Prefer to Have their Funds Debited from their Accounts the Day Payments are Made to Billers Consumers Do Not Know their True Payment Debiting Method Banks Choice of Payment Deduction Timing Will Affect its Bill Pay Growth CSP (1) (Certified Systems Professional) An earlier award for successful completion of an ICCP examination in systems development. See ICCP. (2) (Commerce Service P Versus BillerDirect Market Share is Dependent on Institution's Choice of Debiting Method I.V Conclusions Summary of Major Findings V. Appendix: Methodology Table of Charts --V. Those Who Perceive SameDay are More Satisfied With Payment Timing of Payment Debiting --VI. Respondent's Perception of Bank's Payment Debiting Method --VII. Bank's Future Shift to Advance Deduction Will Significantly Decrease Satisfaction --VIII. If FI Changed from Advanced Deduction to SameDay, Satisfaction Would Increase --IX. Most Perceive that Billers Offer SameDay Payment Debiting For more information visit http://www.researchandmarkets.com/reports/c35131 |
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