In a new report, Aberdeen Group, the IT consulting and market strategy firm, says that by 2005 the Internet bill payment and presentment (IBPP) market revenue will increase to $1.9 billion – an increase of over 500%.
“IBPP increases the efficiency of billing and payment procedures via the web,” said report co-author Andrei Arkhipov. “The Internet is transitioning from a static information network to an interactive financial exchange and is increasingly viewed as the medium by which businesses and consumers will interact on a financial basis.”
“IBPP will become very important to emerging net markets because of its ability to improve customer service and invoice-to-revenue processes,” stated co-author Judith Rosall. “IBPP represents a value-added service opportunity for these net markets.”
Suppliers profiled in this report are Alysis Technologies; Avolent, BillingZone, billserv.com, Bottomline Technologies, BroadVision, CheckFree, Click-n-Done.com, CyberBills, CyberCash, e-docs, Intuit, InvoiceLink, MasterCard, MessagingDirect, MicroVault, NETdelivery, PayMyBills.com, Paytrust, Princeton eCom, S1, So-lant (Novazen), Spectrum EBP, TriSense Software, VerticalOne, X.com, Yodlee, and YourAccounts.Com.
‘Internet Bill Presentment and Payment: e-Business Solutions for Improved Customer Service and Cash Flow’ examines current and emerging bill delivery models, explains the factors behind market adoption, and projects growth.
Founded in 1988, Aberdeen Group provides IT consulting and market strategy advice to the IT supplier community. Headquartered in Boston, Massachusetts, Aberdeen Group has offices in Palo Alto, California, and Amsterdam, The Netherlands.