Oesterreichische Post said that EBPP
is a cornerstone in its strategy.
Sellers also expect that EBPP
will enable them to roughly halve the cost of resolving invoice disputes, to about $10 a dispute from $20.
Service providers deploying EBPP
applications can expect to save up to $8 billion in 2001, according to Killen & Associates, a California-based e-business research and consulting firm.
For banks, EBPP
represents something of a threat, in that it could lead to customer attrition and erode several revenue streams: the float associated with paper check processing, cash management fees, and other revenues associated with traditional payment processing.
industry continues to increase dramatically.
But as Forrester first predicted in 2003, annual EBPP
growth rates are slowing dramatically and will continue to do so over the next five years.
What features will increasingly differentiate banks' EBPP
offerings, and how should banks (or banks' competitors) respond?
Now -- for the first time ever -- financial institutions can offer a superior, free bill pay service and actually profit from it," said Hill Ferguson, General Manager of EBPP
Solutions at Yodlee.
We also know that partnerships and collaboration between players in the EBPP
space is what it will take to move EBPP
It is a comprehensive multilevel EBPP
product for managing billing accounts, and can dramatically improve interactive self-care by managing complex corporate bills, as well as dealers and resellers.
From the leading portals to global retail banks and brokerages, the financial services community is looking for a more affordable way to offer a rich EBPP
solution for consumers, and at the same time accelerate the adoption of online banking and payments.
In his overview of the state of the EBPP