In Brief: Online banking more popular than ever

April 10, 2006

Online-banking users increased by 27 percent in the fourth quarter of last year from the same period a year ago, according to a survey.

"Consumers continue to migrate to online banking, with the nation's largest banks attracting more than 8.5 million new online banking customers in 2005," Serge Matta, director of comScore financial services solutions, said in a news release. "At the same time, it is clear that adoption rates are slowing. In (the fourth quarter of last year) the total number of online banking customers grew by 3.1 percent over the previous quarter, representing the lowest sequential quarterly growth in three years."

ComScore is a private research group that specializes in analyzing consumer behavior. The group found that users were becoming less concerned about security online and were more attracted to the convenience of doing their banking on the Internet.

Copyright 2006 by United Press International

Explore further: Researchers find students have trouble judging the credibility of information online

Related Stories

Security flaws in online banking sites found to be widespread

July 23, 2008

(PhysOrg.com) -- More than 75 percent of the bank Web sites surveyed in a University of Michigan study had at least one design flaw that could make customers vulnerable to cyber thieves after their money or even their identity.

New wave of banking: Check deposit via smart-phone photo

July 21, 2010

Customers at Chase Bank have a new way to deposit checks: Just snap, snap and tap. Chase has introduced an iPhone application allowing consumers to deposit checks with the camera-enabled smart device, which means no more ...

Recommended for you

Samsung to disable Note 7 phones in recall effort

December 9, 2016

Samsung announced Friday it would disable its Galaxy Note 7 smartphones in the US market to force remaining owners to stop using the devices, which were recalled for safety reasons.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.