Banks and other consolidators of electronic bill pay like Yodlee will likely make up more than half of the online bill pay market within three years, says Forrester Research, which also suggest that ability to attract younger consumers will be the next payments battleground for banks.

Forrester says that by 2012, consolidators’ share of the online bill payment market in the U.S. will pass direct billing by merchants for the first time, and by 2014 the overall market will grow to 63 million households from the current level of about 48 million.

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