Internet Payments Will Drive E-Payment Growth
Wednesday, December 22nd, 1999 TechnologyTampa-based PSI Global believes that growth in electronic bill presentment and payment (EBPP) services via the Internet will drive a rapid upswing in electronic bill payment volume over the next five years. By 2005, PSI Global says, one fifth of all bill payments will be electronic, with the bulk of that activity represented by Internet EBPP payments. EBPP transactions are expected to grow more than 200 times their 1999 level to a total of nearly 5 billion bill payments. ``Once Y2K issues are resolved and resources are freed-up, we expect to see an increasing number of billers turning their focus to EBPP,' said Beth Robertson, vice president and director of billing and payment research at PSI Global.
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