Online bill payment tipping point?

NACHA reported this morning that online bill payment volumes increased sharply during the first quarter of 2003.

During the first quarter of 2003, NACHA estimates that more than $48 billion in online bill payments were made in which the Automated Clearing House (ACH) Network was the payment system used. That figure is half of the amount of $96 billion for all of 2002. At the current growth rate, the amount would exceed $200 billion for all of 2003. In contrast, a recent survey estimated online sales figures of $76 billion for 2002 and $96 billion for 2003.

Meanwhile, CRMdaily reports on Forrester research on business to business usage of electronic invoice presentment and payment.

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