Over 80% of all credit unions larger than $50 M in assets plan to offer eStatements by the end of 2003.

--CUNA & Affiliates 2002/2003 Technology & E-Commerce Survey Report


Why eStatements?


Stay competitive in today’s fast-paced technologically driven society. When it comes to electronic statement delivery, it’s no longer a question of “if”, but a question of “when” and “how.”      

Benefits

Key benefits of offering eStatements include:

  • Saving money by reducing paper, printing, and postage costs.
  • Greater visibility for marketing initiatives, when delivered in PDF format.
  • Enhanced account holder satisfaction with speedier delivery of statements.
  • Competitive advantage with market leadership of eStatement adoption.
  • Improved cross-sell ratio through interactive online marketing.
  • Increased web site activity due to the registration process and marketing links within the eStatements.
  • eStatements deliver an average savings of 60-70% compared to paper statement costs.

Overview

With BIT’s turnkey solution, you can begin providing eStatements in just a few short weeks. It doesn’t require large financial or technological investments on your part at all. You don’t have to worry about the capital for purchase of hardware or software. You don’t have to worry about lengthy implementation time frames. And you don’t have to worry about human resource issues.

Ongoing Development

BIT is presently running a second generation eStatement application, with a third generation in development. We continually solicit feedback and ideas from our clients, through focus groups and one on one dialogue, to drive our product development efforts. We pride ourselves on continually moving forward with new functionality, and not resting on our laurels. BIT delivers approximately two new program enhancement per month to our clients.

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