Banking On The Web Essay, Research Paper

The topic of this article is Banking on the Web and paying

bills online. This new technology will help a lot of people with

internet access to manage their accounts online. These

services have been available for some time, but many people

are unsure of the benefits. Paying bills electronically is quickly

gaining popularity.

Banks like Bank of America and Washington Mutual are trying

to make this more available. Checkfreem is the nation’s biggest

electronic bill paying service and is being offered by many

large bank companies.

Smaller banks are also trying to compete with their bill paying

ideas. One of then, TransAtlantic Bank, is giving away free

Internet for people who have $1000 in their account. But there

are still people who fear the “mistake” of using money over

the internet.

Gene Kriby, who works at Suntrust, agrees with the opinion

that customers would most likely stay with their bank if they

set up accounts over the internet.

I chose this article because it’s a current topic regarding the

future of the banking industry. This issue is important because

it will affect a lot of people and the economy of the nation.

Also, my classmates will find this interesting because it

focuses on the latest ussues affecting banking and finance.

This issue is impacting everyone, mostly the nation, because

it’s going to be affect the way we usually pay our bills and

manage our money. This issue will benefit everyone, because it

will make out lives much more easier. We can learn from this

article that technology is improving everyday and helps us take

care of things at a click of a mouse.