In Brief: Online banking more popular than ever

Apr 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: 'Call of Duty: Black Ops 3': 5 ways it's different

Related Stories

Shares of cybersecurity firm FireEye up on 4Q beat (Update)

Feb 11, 2015

FireEye Inc., the high-profile computer security company called in to investigate massive hacks at Sony Pictures and Anthem, reported fourth-quarter earnings Wednesday that show its business is growing but profit so far remains ...

Recommended for you

Making LED-illuminated advertisements light and flexible

51 minutes ago

VTT is involved in a European project, developing novel LED advertising displays, which combine thin, lightweight and bendable structures with advanced optical quality. The project will implement, for example, a LED display ...

User comments : 0

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.