Predicting Alternative Payments Vendor Success: Balancing Needs Among Banks, Merchants, and Consumers : Market Research Report

Predicting Alternative Payments Vendor Success: Balancing Needs Among Banks, Merchants, and Consumers

Published by: Javelin Strategy & Research

Published: Jun. 1, 2009 - 49 Pages

Overview
Primary Questions
Findings and Analysis
Methodology
Introduction: Why is There a Need for Financial Institution Attention to “Alternative” Methods of Payment?
Consumers Embrace “Alternatives” That Help Them Spend Within Their Means
What Creates Value and Will Drive Consumers to Use New Methods of Payment?
What Creates Value for Financial Institutions?
What Creates Value for Merchants?
The Vendors: Overview and Assessment
Conclusions: Utility and Familiarity Bring Strength of Solution: Acculynk Brings PIN-Debit Online; eBillme Leverages the Familiar Online Bill Payment Process; Home ATM: The CNP Transaction Becomes Card Present; Mazooma: Push From the DDA For a Lower Cost Transaction; Moneta: Seeking Balance as the Fast Track to Network Growth; NACHA SVP: Long Term Efforts to Find Balance Among Constituents; Noca; SeerGate: Creating Alternative Solutions, not Just Applications; Verient: Balance and Strength Through Multiple Products
Related Research
Companies Mentioned
Table of Figures: Figure 1: Consumer Usage of Payment Methods Last 30 days for 2007 and 2008; Figure 2: Alternative Versus Traditional Payments Percentages 2007-2013; Figure 3: Alternative Payment Vendor Ratings; Figure 4: Aggregated Triangle of Value; Figure 5: Acculynk Screenshot; Figure 6: Acculynk Triangle of Value; Figure 7: eBillme Screenshot; Figure 8: eBillme Triangle of Value; Figure 9: HomeATM Device; Figure 10: HomeATM Triangle of Value; Figure 11: Mazooma Screenshot; Figure 12: Mazooma Triangle of Value; Figure 13: Moneta Screenshot; Figure 14: Moneta Triangle of Value; Figure 15: NACHA SVP Screenshot; Figure 16: NACHA SVP Triangle of Value; Figure 17: Noca Screenshot; Figure 18: Noca Triangle of Value; Figure 19: SeerGate Screenshot; Figure 20: SeerGate Triangle of Value; Figure 21: Verient Screenshot; Figure 22: Verient Triangle of Value

Abstract

Financial institutions are faced with increasing competition from non-FI payment brands seeking to usurp transaction volume and consumer mindshare, particularly in the online channel. Combined with the consumer shift away from credit cards to various forms of pay-now methods, financial institutions must seek to embrace “alternatives” to maintain the primary position as arbiter of consumer payments. This report reviews nine vendors: Acculynk, eBillme, HomeATM, Mazooma, Moneta, NACHA SVP, Noca, SeerGate, and Verient, and rates their value for consumers, merchants and financial institutions.

Primary Questions

Why should financial institutions invest in online alternative methods of payment?
What drives value in an alternative method of payment for various constituents: consumers, merchants, and financial institutions?
What are the emerging alternative methods of payment that best meet the needs of each constituent and why?

Get Full Details About This Report >>

US: 800.298.5699

Int'l: +1.240.747.3093

About MarketResearch.com
MarketResearch.com is an online aggregator selling over 250,000 market research reports, company profiles and country profiles from over 650 research firms. Our reports will provide you with the critical business and competitive intelligence you need for strategic planning and marketing research. Coverage includes the US, UK, Europe, Asia and global markets.

Predicting Alternative Payments Vendor Success: Balancing Needs Among Banks, Merchants, and Consumers

Table of Contents

Abstract