An increasing number of US consumers are choosing biller-direct sites to pay their bills, preferring them to similar services provided by banks. A recent report found that 73% of online payments were made via biller-direct sites in 2016, compared with 62% in 2010. The group said the strong uptick in transactions during the first quarter demonstrates the widespread use of ACH payments as well as the increased use of Same Day ACH transactions. The rise of the internet has also led to a surge in mobile payments, which have been growing at an annual rate of more than 50% since 2012.
An increasing number of US consumers are choosing biller-direct sites to pay their bills, preferring them to similar services provided by banks. A recent report found that 73% of online payments were made via biller-direct sites in 2016, compared with 62% in 2010. The rise of the internet has also led to a surge in mobile payments, which have been growing at an annual rate of more than 50% since 2012.