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Article: Over One In Three US Households Will 'e-Bank' By 2007; Though Consumer Fears Persist, TowerGroup Research Finds Continued Growth in Online Banking Adoption.

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PR Newswire
Article date:
May 20, 2004
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BOSTON, TowerGroup Annual Conference, May 20 /PRNewswire/ -- While consumer concerns about banking online have yet to disappear, new research from TowerGroup finds that adoption of "e-banking" by US households continues to rise steadily.

"Online banking has officially become a standard delivery channel within a retail financial institution's integrated delivery system," said George Tubin, senior analyst in the Delivery Channels practice at TowerGroup. "In 1996, just 2.4 million US households had signed up for online banking. By 2003, that number hit 29.2 million. And by 2007, TowerGroup expects close to 37% of all US households to be registered to bank online ... 







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