Quality Fashaw MWF 1-150 October 29, 2004 Educator Sistrunk.


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Online bill installment
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Online Bill Pay: A simple option Gene Fashaw MWF 1-150 October 29, 2004 Professor Sistrunk

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Table of Contents Click on point to bounce straightforwardly to slide What is Online Bill Pay? Points of interest v. Concerns Business and Consumer Protection Companies that offer online bill pay Direct Billers versus Banks Who benefits? Future Direction Who is at future danger? Meeting End notes Bibliography

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What is Online Bill Pay ? In the most recent decade, the web has achieved change in the way we handle our funds. In 1997, Checkfree " dispatched the principal completely incorporated electronic charging and installment arrangement in the nation and the primary Internet bill or "e-Bill." 1 Since then, an expanding number of organizations are permitting their clients to pay there bills on the web. You can pay charges specifically through your funds or financial records, or utilize a charge or Mastercard. Today, "about 30% of U.S. customers now say they pay bills on the web, the biggest share ever recorded in the four years since the American Banker/Gallup Consumer Survey initially asked this question." 2

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Online Bill Pay... Concerns Advantages Ability to pay at whatever time Save on postage and envelopes No postal deferrals Saves time Security Questions of unwavering quality Comfort Lag time

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Business and Consumer Protection 10 million Americans were casualties of fraud in 2002, and this wrongdoing cost organizations more than $47 billion. James Van Dyke, trusts that utilizing the Internet for managing an account and paying bills really diminishes the danger of data fraud and keeping money extortion. 5 % of all fraud could be lessened if paper charging were wiped out. Utilizing the Internet for bill paying and managing an account can lessen hazard by up to 18%. 3

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Companies There are various association that offer there clients the alternative to pay their bills internet, including : All of which offer some type of online bill pay administration.

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Direct Billers Banks versus 68% of the individuals who pay bills online do as such with billers, not banks. 4 Many banks charge an expense for bill pay administrations in which you can pay every one of your bills without a moment\'s delay. Direct billers can give itemized charge rundowns, speedier exchange rates and record history data. 5 Banks are endeavoring to pull in clients to it\'s bill pay administration through different means. Buyers confront a slack time between installment start and biller receipt when paying through banks, however that time is diminishing

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Who profits by online bill pay? Banks why should willing adjust to the present patterns, as U.S. Bank and Bank of America, have wiped out expenses for online bill installment. 6 Organizations that offer its clients online bill pay straightforwardly Companies that power the administrations gave, for example, Checkfree Consumers who are agreeable and request online bill pay

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Future Direction A study demonstrated that there has been an enduring ascent in the measure of individuals utilizing online bill pay; 18% in 2002, 24% in 2003, and 29% in 2004. 7 Online bill installment "is still an outsider idea for some buyers." 8 so approaches to advise clients are enhancing Banks are moving toward free web managing an account to rival direct billers. More organizations are starting to offer online bill pay administrations

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Who\'s at future danger? Banks unwilling to get rid of expenses for online bill pay Banks, as more individuals choose to pay bill through the billers Postal administrations that are being supplanted by online bill pay and online exchanges Organizations that neglect to advise shoppers of there administration or don\'t offer it by any means

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Interview David Fontaine Director, Public Relations Checkfree Corporation (678) 375-1682

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http://www.checkfree.com/about.htm "Online Satisfaction Rises Along with Web Bill Pay," Daniel Wolfe. American Banker. New York, N.Y.: Oct 5, 2004.Vol.169, Iss. 192;  pg. 14.A "Data fraud Online: Debunking the Myths," Jack M. Germain, TechNewsWorld, 01/17/04 2:00 AM PT "Banks Face Dilemma in E-Payment Trend," By Elizabeth Millard, E-Commerce Times 04/29/04 5:26 AM PT "Banks Face Dilemma in E-Payment Trend," By Elizabeth Millard, E-Commerce Times 04/29/04 5:26 AM PT "Banks Face Dilemma in E-Payment Trend," By Elizabeth Millard, E-Commerce Times 04/29/04 5:26 AM PT "Online Satisfaction Rises Along with Web Bill Pay," Daniel Wolfe. American Banker. New York, N.Y.: Oct 5, 2004. Vol.169, Iss. 192;  pg. 14.A "In a nutshell: Web Video Brings in Bill-Pay Customers," Steve Bills. American Banker. New York, N.Y.: Aug 17, 2004.Vol.169, Iss. 158;  pg. 17 End Notes

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Bibliography "Banks Face Dilemma in E-Payment Trend," By Elizabeth Millard, E-Commerce Times 04/29/04 5:26 AM PT "Fraud Online: Debunking the Myths," Jack M. Germain, TechNewsWorld, 01/17/04 2:00 AM PT "In short: Web Video Brings in Bill-Pay Customers," Steve Bills. American Banker. New York, N.Y.: Aug 17, 2004.Vol.169, Iss. 158;  pg. 17 "IRS Enlists Banks to Push E-Pay," LAURA THOMPSON OSURI.  American Banker. New York, N.Y.: Sep 3, 2004.Vol.169, Iss. 171;  pg. 4 "Online Satisfaction Rises Along with Web Bill Pay," Daniel Wolfe. American Banker. New York, N.Y.: Oct 5, 2004.Vol.169, Iss. 192;  pg. 14.A David Fontaine, Director, Public Relations Checkfree Corporation (678) 375-1682

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THE END

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