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Transfer Services: Taking the Paper Out Of Account Transfers: More customers expect online account-to-account features, a trend that serves banks' interests well. Online funding boosts new account completion by a whopping 60 percent.

The Feds rate-cutting strategy to counteract the credit crisis has had consequences in Net banking. The alluring five-percent-plus rates that ING Direct, Citi, Capital One and others once offered for high-yield, online savings accounts (HYSAs) have dwindled to three percent territory.

At their peak, these direct bank HYSAs propelled demand for online account-to-account transfer services as savvy savers hunted for the best rates and wanted to switch money from account to account. Now, however, account to account (A2A) transfer growth has its own momentum even as HYSA growth slows considerably.

Leading the way in the account-to-account category are big-bank oriented ...

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