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Technology Stocks : CheckFree Holdings Corp. (CKFR), the next Dell, Intel?

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To: StocksMan who wrote (19986)2/20/2003 8:52:13 AM
From: StocksMan  Read Replies (1) of 20297
 
Gartner Says Banks Must Focus on Online Financial Applications to Remain Competitive in 2003 and Beyond

Thursday February 20, 8:03 am ET

Online Bill Payment Will Be the Fastest-Growing Online Financial Application in 2003

STAMFORD, Conn.--(BUSINESS WIRE)--Feb. 20, 2003-- As consumers continue to seek ways to save time and money, the use of online bill payment is becoming increasingly popular. In 2003, online bill payment in the United States is predicted to increase nearly 38 percent to 40 million users, forcing banks to make it a top priority in order to remain competitive, according to Gartner, Inc. (NYSE: IT - News and ITB - News).

"In 2003, online bill payment will be the fastest-growing online financial application, and banks will compete fiercely with billers to lure consumers over to their sites to view and pay bills," said Avivah Litan, vice president and research director for Gartner. "Most of the growth in online bill payment will occur at the same site where consumers view their bills. . ."

biz.yahoo.com
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