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Epayments Vendor Guide

By Jim Bruene on September 2, 2002 11:32 PM

Epayments Vendor Guide

Table 1

Who Offers What

Sources: Companies, 9/02 except; (e) Financial DNA estimate of Princeton eCom 2001 EPP revenue, published 2/02

Notes: (1) Stored value program that features online transfer of funds into a prepaid account; there are a number of other vendors supporting stored value programs including WildCard Systems (the system behind Visa Buxx), InfoSpace (formerly called eCash Technologies), Yaga (formerly MagnaCash), and RocketCash (now owned by The Coca-Cola Company) and others; (2) Originally founded in 1998 as CallMeBill, then bought by NetZee, and subsequently sold back to management in 2001; (3) RPPS division began in 1987; employment total is for entire company; (4) Primarily support clients of its online banking platform; (5) First Data owns a majority stake; product currently in testing and only works between NYCE system ATM cardholders; (6) Interbank transfer product in testing and works only between Star System ATM cardholders; (7) prior 12 months ending June 30, 2002; (8) calendar year 2001

 

Table 2

Monthly Bill Payment Transaction Volumes

monthly volume in millions at mid-year

 

Company

2002

Share

2001

1999

1997

CAGR

CheckFree

29

19

10

7

33%

Metavante

3.6

9%

2.5

0.5

0.2

78%

Princeton eCom1

3.4

8%

2.6

2.5

1.0 (e)

28%

Citibank

3.0 (e)

7%

2.0 (e)

1.0 (e)

0.8 (e)

30%

Online Resources

1.3

3%

0.9

0.1

<0.1

90%

NetZee (was CFI)

0.8 (e)

2%

0.6 (e)

0.4

0.2

32%

iPay (was NetZee)

0.1

0%

<0.1

<0.1

n/a

n/a

Others/in-house2

1%

0.5 (e)

2.0 (e)

(20%)

Total

42

100%

28

17

11

31%

 

Source: Companies and Online Banking Report estimates (e) +/- 33%, 9/02

(1) Not including telephone bill payment volume of 1.2 mil/mo in 2002, 1.0 mil/mo in 2001/1999 and 500,000/mo in 1997

(2) A large portion of the other category was Bank of America, which outsourced its processing to CheckFree beginning in 2000.

 

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