The shift has occurred mainly due to the fact that the necessity for expedited payments has declined. However, the survey anticipates that as the US economy recovers, expenditures will slowly rise. While financial institutions are currently looking for fee incomes from expedited payment services, they must adapt to a recovering economy; this may mean adjusting the (currently too high) pricing levels and shifting their focus from expedited payment services as a necessity to expedited payments as an expression of customer convenience. Expedited payments prices are thus expected to decline slowly as volume slowly increases.
The 2009 Expedited Payments Forecast was carried out by Javelin Strategy & Research.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now