Advertisement

Kamis, 31 Mei 2018

[New] THE BILL PAY REPORT: How banks can use digital to stay ahead of a trillion-dollar opportunity...

Fully understand digital bill payments with this report.
BI Intelligence
The Bill Pay Report

This is how banks can use digital tools to stay ahead of a trillion-dollar opportunity in the bill pay market…

 
Access Full Report →
Between housing costs, utilities, taxes, insurance, loans, and more, US adults paid an estimated $3.9 trillion in bills last year.

That market is growing slowly, but it's changing fast — more than ever before, customers are moving away from paying bills via check or cash and toward paying online, either through their banks, the billers themselves, or using a third-party app.

Thanks to rising customer familiarity with digital payments, an increase in purchasing power among younger consumers more interested in digital bill pay, and a rise in digital payment options, nearly three-quarters of bills will be paid digitally by 2022, representing a big opportunity for players across the space.

In theory, banks should be in a great position to capitalize on this shift. Nearly all banks offer bill payment functionality, and it's a popular feature. Issuers also boast an existing engaged digital user base, and make these payments secure. But that isn't what's happening — even as digital bill pay becomes more commonplace, banks are losing ground to billers and third-party players. And that's not poised to change unless banks do, since issuer bill pay is least popular among the youngest customers, who will be the most important in the coming year.

For banks, then, that makes innovation important. Taking steps to grow bill pay's share can be a tough sell for digital strategists and executives leading money movement at banks, and done wrong, it can be costly, since it often requires robust technological investments. But, if banks do it right, bill pay marks a strong opportunity to add and engage customers, and in turn, grow overall lifetime value while shrinking attrition.

In a new report, Business Insider Intelligence explains the US bill pay market, identifies the major inflection points for change and what's driving it, and provides concrete strategies and recommendations for banks looking to improve their digital bill pay offerings.


Among the big picture insights you'll get from this report, titled The Bill Pay Report: How Banks Can Use Digital to Stay Ahead of a Trillion-Dollar Opportunity:

 
Access Full Report →
  • The bill pay market in the US, worth $3.9 trillion, is growing slowly. But digital bill payment volume is rising at a rapid clip — half of all bills are now digital, and that share will likely expand to over 75% by 2022.
  • Customers find it easiest to pay their bills at their billers directly, either through one-off or recurring payments. Bank-based offerings are commonplace, but barebones, which means they fail to appeal to key demographics.
  • Issuers should work to reclaim bill payment share, since bill pay is an effective engagement tool that can increase customer stickiness, grow lifetime status, and boost primary bank status.
  • Banks need to make their offerings as secure and convenient as biller direct, market bill pay across channels, and build bill pay into digital money management functionality.

This exclusive report also:

  • Sizes the US bill pay market, and estimates where it's poised to go next
  • Evaluates the impact that digital will have on bill pay in the US and who is poised to capitalize on that shift
  • Identifies three key areas in which issuers can improve their bill pay offerings to gain share and explains why issuers are losing ground in these categories
  • Issues recommendations and defines concrete steps that banks can take as a means of gaining share back and reaping the benefits of digital bill pay engagement
  • And much more.

The Bill Pay Report is how you get the full story.

To get your copy of this invaluable guide to the payments industry

 
Access Full Report →

Choose one of these options:

  1. Bundle and save 92% today when you purchase the Ultimate Payments Reports Bundle. You will gain immediate access to this report and 47 others on some of the most important topics impacting the digital media space. BUY THE BUNDLE AND SAVE 92%
  2. Purchase the report and download it immediately from our research store.
The choice is yours. But however you decide to acquire this report, you've given yourself a powerful advantage in your understanding of payments.
Business Insider Intelligence
Copyright © 2018 Business Insider, Inc. All rights reserved.
Powered By SailthrU

5G technology will revive a global smartphone market that's had near standstill growth for two years

VIEW ONLINE
5G technology will revive a global smartphone market that's had near standstill growth for two years

The smartphone market's growth has been at a near standstill for two years and is expected to experience more of the same in 2018; however, it could be revived by the arrival of 5G in late 2019.

As this chart from Statista shows, the largest spike the global market experienced in the last decade was in 2010, when the number of smartphone shipments went up 75% from 173.5 million units in 2009. Since then, the smartphone market has grown by progressively smaller increments, until 2016 when it only grew by 2.5%.

Last year, the smartphone market actually shrank (-0.1%) for the first time, and estimates from International Data Corporation (IDC) show the market research firm expects more of the same this year.

Next year, however, the data shows things will change for the smartphone market: The introduction of 5G, the next generation wireless technology, will drive more and more growth, and in 2022 the year-over-year change could be back to 2016 levels. 

Read »
Advertisement
Also On Tech Insider Today:
We have updated our Privacy Policy to reflect global privacy standards. We encourage you to read the updated policy in full. By continuing to use our sites, services and apps, you agree to these updated terms. If you would like to opt-out from receiving emails, please click

Unsubscribe here

.
Share this:

Facebook Share Twitter Share Email Share
  

Email sent to:   ipat39@gmail.com   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

150 Fifth Avenue, 8th Floor New York, NY 10011
Sailthru

Siemens, Bluetooth SIG, Harper DB: It's IoT Time! - IoT Evolution

 
5/31/2018
 

Featured Articles


Over the next few years, next generation networks will require a secure and efficient way to track all interactions, transactions, and activities of every device within the network.
On this inaugural episode of the all-new IoT in Health Podcast, Ken Briodagh sits down with Stephen Goldberg, CEO, Harper DB, to talk about the intersection of IoT and Healthcare.

Sponsored by: Globalstar




On this episode of IoT Time Podcast sits down with Chuck Sabin, Product Management and Planning, Bluetooth SIG, to talk about connectivity, security, data, and the Viking Birthday Song.
Processes are automated, machines are learning, and factories have become data centers. The Industry 4.0 revolution has been fueled by the Internet of Things and it is only gaining steam.
The Internet can be used as the main link between two devices through the Internet of Things, including how it can be successfully applied in education.
Ericsson's recent research on the IoT forecasts that by 2026, there will be 20 billion IoT connections worldwide, up from 7 billion in 2017.
According to a recent announcement, Siemens Building Technologies Division is acquiring Enlighted Inc., a provider of Smart IoT systems in buildings, headquartered in Silicon Valley.

Advertise With Us

General advertising Info: Click here

Become an IoT Evolution Columnist!

Become an IoT Evolution Columnist! Want to contribute your expertise to a growing audience of technology professionals? Become a writer, blogger or columnist for the IoT Evolution website and this newsletter. Contact Editorial Director, Ken Briodagh, at kbriodagh@tmcnet.com for details.



 

 

SHARE IOT EVOLUTION

 
       

IoT Evolution Expo

 

Business Transformation Through the Internet of Things

JAN 29 - FEB 1, 2019
FORT LAUDERDALE - FLORIDA

 

 

This email was distributed by: Technology Marketing Corporation, 35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 As a valued reader or attendee of TMC's publications and events, you will occasionally receive carefully-screened offers and free product information via email. If you no longer wish to receive this type of email, please go to http://www.tmcnet.com/enews/subs.aspx?eml=ipat39@gmail.com to adjust your preferences.

 
     

One jarring chart shows trade-war retaliation from Europe could be terrible news for people hooked on living the high life

VIEW ONLINE
One jarring chart shows trade-war retaliation from Europe could be terrible news for people hooked on living the high life

  • President Donald Trump just initiated a new trade war with some of America's closest allies, including the European Union.
  • S&P Global Market Intelligence has analyzed which industries are most vulnerable to retaliatory tariffs from Europe, and it could mean bad news for wealthy consumers.



Now that President Donald Trump has kicked off a new trade war with America's closest allies, companies and consumers are left with one glaring question: What happens when they retaliate?

S&P Global Market Intelligence has some ideas specifically pertaining to Europe. In analyzing products viewed as likely targets of a European counterstrike, it doesn't paint a pretty picture for makers and consumers of luxury goods.

The firm's findings refer specifically to the duties being considered for application starting in March 2021, which are represented by blue dots in the chart. Each data point shows the dollar value of US exports to the European Union for each industry over the past year.

As you can see, the biggest outliers — and thereby the areas most at risk — include jewelry, automotive glass, specialty electricals, and personal care.

You know, the type of stuff rich people buy.



Jewelry imports from the US totaled $1.46 billion in the 12 months through March 31, according to data compiled by Panjiva, which S&P acquired this year. In addition, automotive glass imports were worth $686 million, specialist electricals saw $506 million of activity, and personal-care-product imports amounted to $470 million, the data shows.

Pressure on these areas is sure to negatively affect the profitability of the US manufacturers of these goods, unless they're able to offset the tariff headwind with cost cuts. And beyond that, consumers may also find themselves out in the cold.

This will be particularly true in Europe, the end market for these imported goods, where they will most likely be sold at higher prices to compensate for tariffs. But it could also hurt US shoppers if those assumed price hikes are applied globally.

With all of this established, the question then becomes: Will higher costs really dissuade the wealthy from continuing to purchase luxury goods? Only time will tell.
Read »
Advertisement
Also On Markets Today:
We have updated our Privacy Policy to reflect global privacy standards. We encourage you to read the updated policy in full. By continuing to use our sites, services and apps, you agree to these updated terms. If you would like to opt-out from receiving emails, please click

Unsubscribe here

.
Share this:

Facebook Share Twitter Share Email Share
  

Email sent to:   ipat39@gmail.com   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

150 Fifth Avenue, 8th Floor New York, NY 10011
Sailthru

Google is partnering with Chinese smartphone vendor Xiaomi in another win for Android app developers

Google's mobile AR platform ARCore is arriving to China per a partnership with Chinese smartphone vendor Xiaomi. ARCore makes it easier for developers to craft AR apps and experiences for Android.

Business Insider Select

May 31, 2018   |   View Online »
 
Google is partnering with Chinese smartphone vendor Xiaomi in another win for Android app developers

Google is partnering with Chinese smartphone vendor Xiaomi in another win for Android app developers

Google's mobile AR platform ARCore is arriving to China per a partnership with Chinese smartphone vendor Xiaomi. ARCore makes it easier for developers to craft AR apps and experiences for Android.

Read More »
DIGITAL HEALTH BRIEFING: Best Buy sees opportunities in healthcare — Patients uneasy with precision medicine — UnitedHealthcare adds value-based care partnerships

DIGITAL HEALTH BRIEFING: Best Buy sees opportunities in healthcare — Patients uneasy with precision medicine — UnitedHealthcare adds value-based care partnerships

DIGITAL HEALTH BRIEFING: Best Buy is eyeing digital health as a growth opportunity and potential revenue channel by piloting an in-home health monitoring...

Read More »
Wearing glasses could really mean you're smarter, according to a new study

Wearing glasses could really mean you're smarter, according to a new study

According to a new study from the University of Edinburgh, there could be some truth to the idea that smart people wear glasses. But the association actually goes back a long way, and there are several reasons for why 'smart' people have bad eyesight.

Read More »
Google is reportedly renewing its assault on the iPhone X with a redesigned and upgraded Pixel 3 phone

Google is reportedly renewing its assault on the iPhone X with a redesigned and upgraded Pixel 3 phone

Google is reportedly working on two smartphones — the Pixel 3 and the Pixel 3 XL. The phones will have upgraded rear cameras, two front-facing cameras, and, on the larger phone, a notch.

Read More »
Advertisement
Canceling 'Roseanne' may have cost ABC $100 million — but it saved Disney a whole lot more

Canceling 'Roseanne' may have cost ABC $100 million — but it saved Disney a whole lot more

BI PRIME: It's hard to measure what canceling "Roseanne" so abruptly following the star's racist series of tweets may ultimately cost ABC. Industry estimates range; the show could've generated a few million dollars up to $100 million.

Read More »
People are so obsessed with trading cryptocurrencies that a hospital just launched a program to treat addictive behavior

People are so obsessed with trading cryptocurrencies that a hospital just launched a program to treat addictive behavior

Scottish addiction treatment center Castle Craig Hospital has launched a program geared to help people who are addicted to trading cryptocurrencies online.

Read More »
A little-known part of Italy's constitution makes it almost impossible for the country to leave the euro

A little-known part of Italy's constitution makes it almost impossible for the country to leave the euro

Article 75 of the Italian constitution could play a key role in defusing the developing crisis in Italian politics, which many believe could end up with...

Read More »
Mike Pompeo ate filet mignon with a hardline North Korean official, and tried to save the Trump peace summit

Mike Pompeo ate filet mignon with a hardline North Korean official, and tried to save the Trump peace summit

In an extremely unusual diplomatic meeting, US Secretary of State Mike Pompeo sat down for a three-course meal with Kim Yong Chol, an infamous confidant of North Korean leader Kim Jong Un. They are working to resurrect the currently cancelled summit between Donald Trump and Kim Jong Un in Singapore.

Read More »
'We rolled this out wrong': Spotify CEO regrets the way R Kelly and XXXTentacion were banned

'We rolled this out wrong': Spotify CEO regrets the way R Kelly and XXXTentacion were banned

Spotify's chief executive Daniel Ek has said he regrets the way his company banned rappers R Kelly and XXXTentacion without really explaining why. R Kelly and XXXTentacion were booted from Spotify's playlists earlier this month.

Read More »
This teenage tech prodigy tells us he can fix Bitcoin's energy consumption problem

This teenage tech prodigy tells us he can fix Bitcoin's energy consumption problem

Coding at 10, creating his first app at 13, and ranked by Forbes as one of the most influential young Europeans under 30 in 2017, Álex Sicart is a prodigy — and the Spanish teen is about to revolutionise cryptocurrency mining at Spain's biggest solar farm.

Read More »
Roseanne Barr blames Ambien for the racist tweet that caused ABC to cancel her show

Roseanne Barr blames Ambien for the racist tweet that caused ABC to cancel her show

Roseanne Barr took to Twitter early Wednesday morning to suggest that the racist tweet she sent about former Obama adviser Valerie Jarrett, which cancelled her ABC sitcom, was the result of taking the prescription drug Ambien.

Read More »

Share This Email

  

Read Business Insider On The Go

App Store    Google Play



Email sent to: ipat39@gmail.com

Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

Business Insider. 150 Fifth Ave, New York, NY 10011
Powered By SailthrU