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Article: Online Banking Report Projects a 40-Fold Increase in Electronic Statements and Messages by 2007.
- Article from:
- Business Wire
- Article date:
- March 19, 2003
CopyrightCOPYRIGHT 2003 Business Wire. 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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Business Editors
SEATTLE--(BUSINESS WIRE)--March 19, 2003
In the summer of 1996, tiny Britton & Koontz Bank in Natchez, Mississippi sent the first triggered account alert. Seven years later the popular service is being introduced to the masses by a number of major financial institutions including Bank One, Citibank, and Wachovia. In its recent report, "Electronic Messaging & Statements: Leveraging the Inbox," Online Banking Report projects that within five years the number of account-related statements and messages will grow 40-fold. An estimated 150 million such messages were sent in 2002 by U.S. banks, card companies, and credit unions, about 3 per ...