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An Overview of Online Banking in the United States
Americas love everything to be fast and easy; it is the way of life in America. We live in a fast paced world, where every single second counts. So when something comes by that seems to be a time saver, we love the idea and want to give it a try.
As with many other new ideas, Americans are making the move from the brick-and-mortar banks of the past to new online banks. We are finding it ever more convenient to bank online and at home.
Statistics show that many Americans are using online banking to save money and time. For instance, 22 million Americans used online banking as their main way to deal with their finances in 2004. So unless something extremely spectacular happens to either the Internet or all the online banking sites, then it seems likely that the 22 million figure will rise year after year; and many more Americans will sign up for an online banking service.
The statistics themselves highlight the growing trend of Americans who are using the online banking services. The only problem that Americans may want to know more about the service is the safety precautions that online banks take to secure sensitive customer information.
Many Americans each year are victims of identity fraud; and it seems like they can't get a break when it comes to this problem. So Americans are always concerned about their safety, especially when it comes to giving out sensitive information over the Internet.
There Internet is rife with spyware and viruses that exist for the sole purpose of extracting information from you. This is the main reason why so many Americans are staying away from the online banking scene and instead are using either telephone banking or going down to their local branch to keep a track of their accounts and transferring money.
More Resources
Online Banking News BofA online banking down for 4 hours
Bank of America Corp. says its online banking service was down for about four hours but service has been restored. Online banking - Bank of America - Business - Financial services - Banking Services
SafetyPay Issues White Paper Outlining Revenue-Generating Strategies for Online Banking Channels
M IAM I BEACH, Fla.--(BUS INESS W IRE)--SafetyPay™, a secure payment facilitator and clearinghouse benefiting online shoppers, online merchants and banks worldwide announced the availability of its white paper: Banking on Online Banking, which details the importance of expanding and monetizing the online banking channel and innovative payment methods. As consumers replace cash, checks and credit ...
China launches 'super online banking'
BE IJ ING, CH INA: China's central bank has started a "super online banking system" that would allow customers to access any number of accounts through a single website.
Server Patch Severely Degrades Australia's Westpac Online Banking
News reports like this one in ITNews for Australian Business say that a server patch on Monday evening severely degraded the online banking service of Australia's Westpac bank for about 9 hours yesterday.
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