Product Type: Market Research Report
Published by: Javelin Strategy & Research
Published: June 2009
Product Code: R3424-90Description Financial institutions are faced with increasing competition from non-FI payment brands seeking to usurp transaction volume and consumer mindshare, particularly in the online channel. Combined with the consumer shift away from credit cards to various forms of pay-now methods, financial institutions must seek to embrace “alternatives” to maintain the primary position as arbiter of consumer payments. This report reviews nine vendors: Acculynk, eBillme, HomeATM, Mazooma, Moneta, NACHA SVP, Noca, SeerGate, and Verient, and rates their value for consumers, merchants and financial institutions.
Primary Questions
- Why should financial institutions invest in online alternative methods of payment?
- What drives value in an alternative method of payment for various constituents: consumers, merchants, and financial institutions?
- What are the emerging alternative methods of payment that best meet the needs of each constituent and why?
Table of Contents - Overview
- Primary Questions
- Findings and Analysis
- Methodology
- Introduction: Why is There a Need for Financial Institution Attention to “Alternative” Methods of Payment?
- Consumers Embrace “Alternatives” That Help Them Spend Within Their Means
- What Creates Value and Will Drive Consumers to Use New Methods of Payment?
- What Creates Value for Financial Institutions?
- What Creates Value for Merchants?
- The Vendors: Overview and Assessment
- Conclusions: Utility and Familiarity Bring Strength of Solution
- Acculynk Brings PIN-Debit Online
- eBillme Leverages the Familiar Online Bill Payment Process
- Home ATM: The CNP Transaction Becomes Card Present
- Mazooma: Push From the DDA For a Lower Cost Transaction
- Moneta: Seeking Balance as the Fast Track to Network Growth
- NACHA SVP: Long Term Efforts to Find Balance Among Constituents
- Noca
- SeerGate: Creating Alternative Solutions, not Just Applications
- Verient: Balance and Strength Through Multiple Products
- Related Research
- Companies Mentioned
- Table of Figures
- Figure 1: Consumer Usage of Payment Methods Last 30 days for 2007 and 2008
- Figure 2: Alternative Versus Traditional Payments Percentages 2007-2013
- Figure 3: Alternative Payment Vendor Ratings
- Figure 4: Aggregated Triangle of Value
- Figure 5: Acculynk Screenshot
- Figure 6: Acculynk Triangle of Value
- Figure 7: eBillme Screenshot
- Figure 8: eBillme Triangle of Value
- Figure 9: HomeATM Device
- Figure 10: HomeATM Triangle of Value
- Figure 11: Mazooma Screenshot
- Figure 12: Mazooma Triangle of Value
- Figure 13: Moneta Screenshot
- Figure 14: Moneta Triangle of Value
- Figure 15: NACHA SVP Screenshot
- Figure 16: NACHA SVP Triangle of Value
- Figure 17: Noca Screenshot
- Figure 18: Noca Triangle of Value
- Figure 19: SeerGate Screenshot
- Figure 20: SeerGate Triangle of Value
- Figure 21: Verient Screenshot
- Figure 22: Verient Triangle of Value
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