This is how banks can use digital tools to stay ahead of a trillion-dollar opportunity in the bill pay market

This is a preview of a research report from Business Insider Intelligence, Business Insider’s premium research service. To learn more about Business Insider Intelligence, click here.

Between housing costs, utilities, taxes, insurance, loans, and more, US adults paid an estimated $ 3.9 trillion in bills last year.

Business Insider IntelligenceThat market is growing slowly, but it’s changing fast — more than ever before, customers are moving away from paying bills via check or cash and toward paying online, either through their banks, the billers themselves, or using a third-party app.See the rest of the story at Business Insider

See Also:

• Square just streamlined chip card transactions
• Costco just added contactless card compatibility
• Chase is partnering with Expedia on travel rewards