Consumer Payment Card News

Going Green

A new report has determined that if all U.S. households viewed and paid bills online, including credit card bills, it would save 2.3 million tons of wood; reduce fuel consumption by 26 million BTUs; decrease toxic air pollutants by 3.9 billion pounds; reduce toxic wastewater by 13 billion gallons; lower solid waste generated by 1.6 billion pounds; and remove 8.5 million particulates and 12.6 million nitrogen oxides from the air. The study released by Javelin Strategy & Research also reveals that 61 million households currently bank online (53% of the U.S. household population) which is projected to reach 82 million households by 2012, or 67% of U.S. households. Additionally, 39 million households pay bills at individual biller sites today, and this number is projected to reach 50 million by 2012.

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