E-Business & E-Payments: How? Who? How Much?

BCC Research
January 1, 2002
148 Pages - SKU: WA751123
License type:
Table of Contents Related Reports
Countries covered: United States

E-Business & E-Payments: How? Who? How Much?

 
As e-commerce business becomes more of an everyday presence, a very important element of this phenomenon ¾ the payment process ¾ is drawing great interest. The report will present an overview of e-payments in the business-to-consumer and business-to-business sectors. Following this will be in-depth looks at both sectors. The payment alternatives in the business-to-consumer will be identified, and the mechanics of each alternative will be explained. Payment alternatives in the business-to-business sector will be identified, and the mechanics of each alternative will be explained. The role of third party processors in e-payment activities will be examined. The importance of strategic alliances and partnerships to e-payment activities will be assessed. Security and regulatory considerations relative to e-payment activities will be addressed, especially with respect to areas of concern. In addition, the requirements for secure payment systems and the available technologies will be reviewed. The report will quantify the distribution of payments by payment category in both the business-to-consumer and the business-to-business sectors. Among the categories to be measured will be credit card, e-check, e-cash, bill presentment, and payment in the business-to-consumer sector. In the business-to-business sector the pertinent categories that will be analyzed are credit cards, ACH, bill presentment and payment and a form of direct debit against a customer's predetermined credit line. Within the business-to-consumer sector, the source of payments will be quantified. Further, a review of charge-offs in the consumer e-commerce sector will be made to determine the adequacy of the payment alternatives in the reduction of losses, especially with regard to fraud. The rates and fees assessed consumers and merchants will be summarized. The impact on the payment process by supply chain management and reverse auction activities will be analyzed in the business-to-business sector. Profiles of major companies engaged in e-payment activities will be presented.



Additional Information

STUDY GOAL AND OBJECTIVE

The goal and objective of this study is to identify and analyze the customer and business payment alternatives relative to the purchase of goods and services over the Internet. These payment alternatives under various scenarios will be explained and quantified.

REASONS FOR DOING THE STUDY

The use of the Internet for transacting business between businesses and consumers (B2C) and B2B is fast becoming a viable channel for the convenient and cost efficient method of procuring goods and services. The B2B market sector in particular will see significant growth in that by 2006, the business transacted over the Internet will exceed 25% of the GDP. Because of the growth in the use of the Internet as a transactional channel, it is important to understand how these activities will affect the consumer.

CONTRIBUTION OF THIS STUDY AND FOR WHOM

This study will quantity B2C and B2B Internet dollar volume through 2006. Furthermore it will show trends in a number of areas as the e-commerce world goes forward. The results of this study will be of value to consumers; merchants; the corporate business world (especially financial services companies); state, local, and federal governmental agencies; vendors and suppliers; and economists, teachers, students, consultants, and investors.

SCOPE AND FORMAT

The study will present quantifiable and narrative evidence of the importance of e-payment based alternatives through 2006. The report is presented in a modular format to give readers the full flavor of the e-payment phenomenon.

METHODOLOGY

The methodology utilized in this study is as follows:

  • Determine current state of e-commerce environment
  • Ascertain growth of e-commerce through 2006
  • Determine major categories of growth in e-commerce
  • Ascertain payment alternatives for online purchase of goods and services
  • Determine and describe those companies providing e-payment alternatives
  • Describe the mechanics of e-payment alternatives
  • Quantify the dollar volume of e-commerce expenditures for each major e-payment alternative
  • Note: Average Annual Growth Rate (AAGR) percentages calculated through year 2006 are based upon a starting date of 2001 (five years) unless otherwise noted.

    INFORMATION SOURCES

    The following sources were utilized in the completion of this study:

  • Company annual reports
  • Company and organization press releases
  • Material from the following organizations:
  • FDIC, Division Research, and Statistics
  • The Census Bureau
  • U. S. Dept. of Commerce
  • Statistical Abstract of the U.S.
  • The Smart Card Alliance
  • General Services Administration
  • New York ACH
  • U.S. Industry & Trade Outlook 2000
  • Interviews with company officials of pertinent companies and organizations

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