PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

While Fewer Brits than Americans Use Online Banking, 84% of U.S. Adults Use Online Banking by Computer or Mobile Device

By Karen Augustine
August 12, 2014
in Mercator Insights, Uncategorized
0
0
SHARES
0
VIEWS
Share on LinkedIn
Bitcoin icon. Internet button on white background.

Bitcoin icon. Internet button on white background.

Mercator Advisory Group’s Customer Monitor Survey Series latest Insight Report, Online Banking: A Shift to Mobile Platforms, indicates that online banking is pervasive in the United States. The survey fielded in November 2013 finds that 84% of U.S. consumers perform banking activities to manage their account information using their home computers or mobile devices and 69% use only their computers.

Apparently, Brits are less likely than their American counterparts to take advantage of online banking according to a recently released study published by the United Kingdom’s Office of National Statistics (ONS). That study states that while 84% of British households have internet access, just 53% have accessed online banking within the past three months of their August 2013 survey. Given the difference in the survey sample of the ONS study compared to the Customer Monitor Survey Series survey, which was conducted online, U.S. adults are approximately 20 percentage points more likely to be using online banking than their U.K. counterparts.

Despite this relatively low usage of Internet banking, ONS reported that U.K. consumers had the highest rate of online purchasing in comparison to other European Union countries as 82% of U.K. internet users (or 72% of U.K. adults) buy goods and services online, higher than Norway (80%)followed by Denmark and Sweden (both at 79%). According to the Mercator Advisory Group Insight Report Consumers and Debit 2013: A Shift to Alternative Payments report, which is based on a Customer Monitor Survey Series survey conducted online in June 2013, 84% of U.S. adults buy goods and services at online retailers.

U.S. consumers are beginning to rely more heavily on online banking as their digital “branch” or banking source for managing their accounts and for customer service. Online and mobile banking are the fastest growing methods used by consumers to communicate with their financial institutions. With banks around the world enhancing online banking activities and experience, we expect more banking consumers to embrace online banking for its convenience as they have embraced online shopping.

For more information on the growth of online banking and online account opening experiences, see Mercator Advisory Group’s CMSS Insight Report, Online Banking: A Shift to Mobile Platforms, based on an online survey of 3,000 U.S. adults conducted in November 2013 to be reflective of the U.S. Bureau of the Census demographic profile accessible by Customer Monitor Survey Series members.

0
SHARES
0
VIEWS
Share on LinkedIn
Tags: Banking Channels

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    risk management

    Embedding Risk at Every Stage of the Payment

    September 25, 2026
    physical payment cards

    Physical Cards Reimagined—More Than a Payment Tool

    September 24, 2026
    agentic commerce

    Delegation with Limits: What Merchants Want from Agentic Commerce

    September 23, 2026
    AI in payment collections

    From Data to Action: How Automated Intelligence Is Changing Collections

    September 22, 2026
    circle stablecoin

    As Prepaid Fraud Evolves, So Do the Rules

    September 21, 2026
    bots fraud, bank security in data sharing, J.P. Morgan fraud protection TSYS, 3D Secure 2.0

    The Evolution of 3D Secure Puts it at the Center of Fraud Prevention

    September 18, 2026
    fraud detection signals

    Why Fraudsters Look Trustworthy and Good Customers Look Suspicious

    September 17, 2026
    Fraud Monitoring, Nacha ACH Rules, Same Day ACH

    10 Years Running, Same Day ACH Continues to Break New Ground

    September 16, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result