Report Highlighted At The IEC 2000 Conference.When it comes to saving money, consumers would rather lick lick 1. a stroke with the tongue, normally used in cleaning the coat or ingesting a substance from a flat surface. See also licking. 2. a mixture of salt plus other macro-elements, especially phosphorus, trace elements, vitamins and other feed additives, fed loosely in a box their own stamps than pay a bank fee for paying bills online. In 1999, only three million US households were paying their bills online compared with seven million households who view their accounts online and an impressive 20 million stock portfolios that were tracked online in 1999. When it comes to giving up the old tattered tat·tered adj. 1. Torn into shreds; ragged. 2. Having ragged clothes; dressed in tatters. 3. a. Shabby or dilapidated. b. Disordered or disrupted. checkbook, consumers are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. savings as an incentive - and saving time is not enough. In a recent GartnerGroup survey of consumers who were already using online banking or online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. services, 60 percent said they are not willing to pay a fee at all for online bill payment. Today, four out of five banks charge customers for paying bills online. The average monthly fee is more than $6. "Market pressures to recoup recoup To sell an asset at a price sufficient to recover the original outlay or to offset a previous loss. investments and show growth eventually will force Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the bill payment service providers to offer financial incentives to attract a critical mass of consumers," says Avivah Litan, Research Director Payments Systems, at GartnerGroup. "As with many Internet offerings, the consumers will have their way when it comes to fees in the bill payment marketplace." By 2002, GartnerGroup predicts that 15 million US households will be using online bill payment. "Marketers at banks need to find more attractive pricing points for this service," continued Litan. "Or they should bundle lower checking account fees as a retention incentive. Once all those account numbers are entered into the system, consumers will be reluctant to begin again with a different online bill payment system." |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion