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.