Online bill paying on the increase

Nov 18, 2005

More than half of U.S. online households pay at least one bill online, according to a survey by CheckFree.

CheckFree Corp. announced Friday the most recent results of a survey conducted twice annually by CheckFree Analytic Research Services with The Marketing Workshop Inc. and Harris Interactive, revealing that 56 percent of U.S. online households are paying at least one bill online, up from 52 percent in June 2004.

The survey also found that 87 percent of users who pay their bills from a single "consolidated" Web site, such as a bank, brokerage, credit union or Internet portal, say they receive the service for free.

Also, for the first time online banking and bill pay features surpassed the more traditional bank-selection criteria of bank branch and ATM proximity to home. The availability of online banking and bill-pay features ranked third among the top three factors in selecting a bank for personal accounts, following "availability of free checking" and "reasonable fees and service charges."

"Today's Internet user has several options when choosing to pay bills online. Consumers can pay individual bills at a 'biller direct' Web site, such as a utility, telecommunications or credit card company, or pay any bill from a single 'consolidated' Web site like their bank," says Matt Lewis, executive vice president and general manager of CheckFree's Electronic Commerce Division.

"Paying bills online is in the mainstream, and for the first time online banking and bill pay has moved into the top three factors considered by consumers when choosing a bank," he added.

Copyright 2005 by United Press International

Explore further: Researchers discover low-grade nonwoven cotton picks up 50 times own weight of oil

add to favorites email to friend print save as pdf

Related Stories

Airbnb remodels online home

Jul 17, 2014

Online lodgings listings service Airbnb on Wednesday took the wraps off a major remodel of its online home complete with a new logo.

Recommended for you

Iliad founder says T-Mobile offer is 'real'

6 hours ago

French telecom upstart Iliad's founder said Friday that the company's offer for US-based T-Mobile is "real" and that he is open to working with partners on a deal.

Law changed to allow 'unlocking' cellphones

6 hours ago

President Barack Obama signed a bill into law on Friday making it legal once again to unlock a cellphone without permission from a wireless provider, so long as the service contract has expired.

Social network challenges end in tragedy

6 hours ago

Online challenges daring people to set themselves ablaze or douse themselves in ice water are racking up casualties and fueling wonder regarding idiocy in the Internet age.

Microsoft sues Samsung alleging contract breach

6 hours ago

Microsoft on Friday sued Samsung in federal court claiming the South Korean giant had breached a contract over cross-license technology used in the fiercely competitive smartphone market.

States debate digital currency

7 hours ago

Now that consumers can use digital currencies like bitcoin to buy rugs from Overstock.com, pay for Peruvian pork sandwiches from a food truck in Washington, D.C., and even make donations to political action committees, states ...

User comments : 0