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Research Uncovers Surprising Insights
on Consumer Adoption Issues
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Study indicates strong interest in online bill payment
and suggests blueprint for attracting new users. |
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 Late in 2002, MasterCard RPPS® conducted a new study on consumer attitudes about online bill payment and bill presentment to better understand what drives adoption of these services among today's consumersand what barriers might be holding back potential users. "It was a very valuable exercise in consumer research," said Cathleen Conforti, MasterCard RPPS. "While the study confirmed many things confirmed many things we had anticipated, it also revealed some surprising information. We know there are consumers out there who don't know what online bill payment is. What we didn't knowand what our study revealedis that there are many consumers who think they know what online bill payment is, but really don't. When asked to define it, they confuse it with multiple bill payment methods.
"We think the research will open the industry's eyes to new possibilities for attracting customers," said Conforti. "In fact, it's already put a new consumer awareness initiative in gear here at MasterCard RPPS® to help financial institutions take advantage of the new information."
Getting consumer input
The research was based on input from focus groups meeting in Paramus, New Jersey; Atlanta, Georgia; and Chicago, Illinois. In each market, one group was composed of current online bill payers who accessed the service through their bank's website. The other group included non-online bill payers who are aware that they can pay their bills online.
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