In the 1970s the federal government had a National Commission on Electronic Fund Transfers to examine the future impact of electronic value transactions. One of the commission members was from the U.S. Postal Service.

Because half of first-class mail volume is bills and bill payments, the Postal Service became concerned about the potential loss of significant revenue.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.