January 18th, 2010

From Green Right Now Reports

Despite monthly reminders from banks, phone companies, utilities, credit card providers and just about every kind of business that issues a monthly statement, a large percentage of the populace remains reluctant to go completely electronic. According to a report by Javelin Strategy & Research, nearly one-third of all households still receive at least one statement in both paper and electronic form.

The report — Green Billing 2010: How to Turn Off More Paper Statements as Consumer Attitudes and Alerts Technologies Change — says that institutions are making progress in eliminating paper statements, but going remains slow. Companies still spend billions of dollars on postage and paper, while printed statements pose an additional risk of fraud to the consumer.

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