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By switching to electronic bills, statements, and payments, every year the average household can:1
Saving this amount of greenhouse gas emissions is the equivalent of:
If 20 percent of households (22,876,800 households) were to switch to electronic bills, statements, and payments, every year the collective impact would:1
Saving this amount of greenhouse gas emissions is the equivalent of:
Reduce clutter.
The average household receives approximately 19 bills and statements and makes approximately 7 payments in paper form monthly 2.
Save time and money.
The average consumer saves 2.5 minutes per bill when paying electronically instead of with a check3. The cost of postage and check stock can add up to more than $100 per year; these costs can be saved by making payments electronically, instead of by paper check. Also, credit scores are significantly increased when a consumer receives payments by Direct Deposit and uses Direct Payment to pay recurring monthly bills and/or save and invest automatically.
Improve security.
Consumers receiving electronic bills and statements and making payments electronically can maintain tighter control over accounts in real time. Almost 85 percent of identity theft cases are due to "offline" transactions such as lost checkbooks and stolen bills, statements, and check payments4.
1. Project Performance Corp for the PayItGreen Alliance, 2008 | Sources:
2. Dove Consulting for PayItGreen, 2007
3. CheckFree, a Fiserv company
4. Javelin Strategy & Research, 2007
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