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Non-Tech : NetBank(NTBK)-formerly Atlanta Internet Bank
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To: TLindt who wrote (80)3/11/1998 11:50:00 AM
From: Peter Mui  Read Replies (2) of 2414
 
>> "As of June 1997, we projected that an estimated 7 percent of U.S.
>> banks( 3 percent sampling error\3 ) offered on-line banking
>> services, which most typically allow customers to access account >> information and transfer funds between their accounts.

Thanks for the info. I wanted to clarify the "on-line" portion of the statement from the GAO. Many banks offer proprietary on-line services for their customers. For example, our company uses Chase on-line software and Citibank on-line software. This software consists of a dial-up routine and a Windows 3.1 compatible program that calls into the bank's own computer network. Both banks are on closed systems. As far as I know, Netbank is the only bank that is available openly on the internet.

Regards,
Peter
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