To: StocksMan who wrote (20016 ) 3/31/2003 1:16:21 PM From: AugustWest Read Replies (1) | Respond to of 20297 we knew paypal was just a time bomb waiting to go off. question is how much of an effect will it have on the over all operations of E-bay? On an unrelated issue.... (COMTEX) B: Banks win as more pay bills online Mar 31, 2003 (The Australian Financial Review - ABIX via COMTEX) -- Research by ACNielsen.consult shows Australian banks are using the Internet to increase market share. A study shows that, for those connected to the Internet, it has become the preferred method for paying bills, and that banks have reaped most of the benefits. Of Internet users, 68% used the Internet to pay bills, with 89% of those using their bank's web site. Around 67% of the bank web site users made use of a cheque or savings account. Credit cards were more used by those who paid bills via the biller's web site. According to a senior analyst with ACNielsen.consult, James Meldrum, the increased Internet banking usage was in line with a general trend for people to use their own funds, rather than rely on a credit card. The 18-to-24-year-old age group was over-represented in those paying bills online. The two most popular online banks were the Commonwealth Bank of Australia and the National Australia Bank. Publication Date: 1 April 2003 ACNIELSEN.CONSULT: VISA INTERNATIONAL: MASTERCARD INTERNATIONAL INCORPORATED: AMERICAN EXPRESS COMPANY: COMMONWEALTH BANK OF AUSTRALIA - ASX CBA: NATIONAL AUSTRALIA BANK LIMITED - ASX NAB By Mandy Bryan All copyright subsisting under the Copyright Act 1968 (Commonwealth) resides in us. No part of the copyright materials may be reproduced, re-used, re-transmitted, adapted, published, broadcast or distributed for any commercial purposes whatsoever without our prior written permission. -0- INDUSTRY KEYWORD: Communication Services Finance Services to Finance and Insurance SUBJECT CODE: INTERNET BANKING - AUSTRALIA INTERNET USERS - AUSTRALIA ELECTRONIC FUNDS TRANSFERS - AUSTRALIA BANK ACCOUNTS - AUSTRALIA MARKET SURVEYS - AUSTRALIA MARKET SHARE - AUSTRALIA *** end of story ***