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Article: Online Banking Usage Jumps 100% in the Micro Market and Grows by 26% in the Small Business Market; Following on the Heels of Explosive Growth in 2002, Online Banking Hits Critical Mass in 2003.
- Article from:
- PR Newswire
- Article date:
- September 16, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALABASAS, Calif., Sept. 16 /PRNewswire/ -- A new study of 2,000 micro and business market companies indicates that online banking usage has doubled again in the last 12 months. In this study, micro market companies are defined as businesses with annual revenue between $50,000 and $999,999, while business market companies are defined as those with annual revenue between $1,000,000 and $19,999,999.
"2002 was a year of surprising growth for online banking, and 2003 has proven to be even more significant," said Mike Marselli, manager of the Informa Research Services study. "As recently as 12 months ago, only 12% of all businesses with less than $1 million in ...
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