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ECT News Community   »   E-Commerce Times Talkback   »   Re: Online Bill-Pay Services, Banks Drop Fees

Re: Online Bill-Pay Services, Banks Drop Fees
Posted by: Jefferson Graham 2004-03-28 08:52:01
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If you're paying an online service to handle your bills electronically, you might want to think twice before you cut the next e-check. Many banks are dropping their fees for making e-payments, and America Online just introduced a free service for its subscribers to both receive and pay bills, with the added bonus of e-mail notification when bills are due. Market researcher Gartner estimates that 35 million people pay their bills online now, a number that will grow to 65 million by 2007.

Re: Online Bill-Pay Services, Banks Drop Fees
Posted by: JRWells 2004-03-30 07:21:55 In reply to: Jefferson Graham
Jefferson, Great article, but we need to remember that it has taken banks about 10 years to recognize what consumers knew early on. It doesn't make sense to charge extra for e-bill pay and e-banking services which are inherently less costly and more efficient than the free paper-based systems they replace.
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