billclerico.com

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.