Interesting highlights which indicate two things:
a) there is a huge opportunity in replacing checks, and
b) people are willing to pay for electronic payments
- 84% of consumers write paper checks at least monthly
- The average consumer writes 10.6 paper checks per month
- Ease of Use & Security were the top 2 “Most Important” characteristics of payment instruments, with 60% of consumers indicating one of these were most important. Cost was near the bottom of the list.
