The number of subscribers to the Company's electronic billing and payment (EBP) services grew by six percent over the prior quarter, equating to more than 2.8 million subscribers and driving an average of more than 11 million transactions processed per month. The Company noted that financial institutions are experiencing, on average, Internet-based sequential quarterly subscriber growth above 20 percent. By contrast, they are experiencing Personal Financial Management software-based sequential quarterly subscriber growth below four percent.
biz.yahoo.com
OK...we started in January with 2.6 Million Subscribers...and that number increased to 2.8 Million by the end of the Quarter.
What does this tell me?...well In January we Had about 2,000,000 Personal Financial Management Subscribers...and about 600,000 internet Banking Folks....Backwards Math.
2,000,000 x 1.04 = 2,080,000
600,000 x 1.20 = 720,000
0r a total of 2.8 Million subscribers end of March. IF that continued and I actually expect it to increase exponentially as more Banks go Live Internet this year coupled with a Portal here and there and I see by no later then March 2000 400,000 a quarter subscriber growth...IMO.
2,080,000 x 1.04 = 2,163,200
720,000 x 1.20 = 864,000
Or a total of ~3.0 Million subscribers in June.
2,163,200 x 1.04 = 2,249,728
864,000 x 1.20 = 1,036,800
Or a total of ~3.3 Million subscribers in September
2,249,728 x 1.04 = 2,339,717
1,036,800 x 1.20 = 1,244,160
Or a total of ~3.6 Million subscribers in December
2,339,717 x 1.04 = 2,433,305
1,244,160 x 1.20 = 1,492,992
Or a total of ~4.0 Million subscribers in March 2000....Now they said a quarter ago they were building a ramp up on the portal to handle up to 1 Million new subscribers.
So playing guess the subscriber count game for March 2000..I say between 4 and 5 Million. Or combined PFM, Bank & Portal Growth of between 42.85% to 78.57% Year over Year....and I'm leaning towards the upper number as I think the Portal exposure is a Win/Win/Win.
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