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Checks in Decline: The Tipping Point in Electronic Payments and Its Impact on US Cash Management

Product Type: Market Research Report
Published by: TowerGroup
Published: January 2005
Product Code: R301-1005
Description
This TowerGroup Research Note examines the growing urgency for banking executives to refocus their product management and development to facilitate payment and remittance processing in a complex world where payment methods are rapidly converging. Those institutions that provide creative solutions that allow their corporate customers to efficiently process payments regardless of payment method while simultaneously improving customer and vendor relationships not only will replace their own lost check revenues but also will gain a larger share of the evolving cash management pie.
Table of Contents
TowerGroup Take-Aways




Report Coverage




Background


Exhibit 1: US Noncash Payments (2000-03)




Corporate Drivers and Responses


Exhibit 2: US Companies' Likelihood of Migrating Most B2B Payments to Electronics in Three Years (2004)

Exhibit 3: Barriers to the Use of B2B Electronic Payments in the United States (2004)


Business Process Efficiency

Optimization of Working Capital

Investment in ERP Systems

Sarbanes-Oxley Requirements




Banking Industry Response




Summary
Ordering and More Information
Price and Delivery Options


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