banking - History of Online Banking

The concept of online banking as we know it today dates back to the early 1980s, when it was first envisioned and experimented with. However, it was only in 1995 (on October 6, to be exact) that Presidential Savings Bank first announced the facility for regular client use. The idea was quickly snapped up by other banks like Wells Fargo, Chase Manhattan and Security First Network Bank. Today, quite a few banks operate solely via the Internet and have no 'four-walls' entity at all. In the beginning, its inventors had predicted that it would be only a matter of time before online banking completely replaced the conventional kind. Facts now prove that this was an overoptimistic assessment - many customers still harbor an inherent distrust in the process. Others have opted not to use many of the offered facilities because of bitter experience with online frauds, and inability to use online banking services. Be that as it may, it is estimated that a total of 55 million families in America will be active users of online banking by the year 2010. Despite the fact that many American banks still do not offer this facility to customers, this may turn out to be an accurate prediction. The number of online banking customers has been increasing at an exponential rate. Initially, the main attraction is the elimination of tiresome bureaucratic red tape in registering for an account, and the endless paperwork involved in regular banking. The speed with which this process happens online, as well as the other services possible by these means, has translated into a literal boom in the banking industry over the last five years. Nor are there any signs of the boom letting up - in historical terms, online banking has just begun. Online Banking provides detailed information on Online Banking, History of Online Banking, Online Banking Services, Future of Online Banking and more. Online Banking is affiliated with Offshore Banking Accounts. Article Source:http://EzineArticles.com/?expert=Ross_Bainbridge banking - Blind Banker Jefferson - A Short Biography Blind Banker Jefferson was born in Birmingham in 1960. He taught himself to play the guitar when he was only seven years old. A lot of people believe he sold his soul to the devil in return for his amazing talent. It is said he met the devil in the middle of a roundabout somewhere in Birmingham, and they did a deal. This story adds glamour to a somewhat boring life. The truth is, Jefferson's first love was banking. Before he could even speak he was sorting out all the coins and notes in his father's hardware shop. When he left school he got a job with a local bank as a lowly clerk. At the same time he was beginning to write blues songs - none of them any good. His career progressed slowly until the mid-nineties when he got his big break at a merchant bank in Canary Wharf. Then his songwriting flourished. In a few short years he wrote such classics as Canada Square Trouble Blues, Baby's Got A Brand New Credit Card, Take Me To Threadneedle Street, and I'm Gonna Sell That Stock. Unfortunately, he was only able to record one album before his untimely death. The album - Blind Banker Jefferson Gets Blue - sold poorly at first, but has now sold over five million copies worldwide. Mystery has always surrounded his death in 1998. No one really believes he had a heart attack. The main theory is that the devil claimed his soul. Some people say he was shot by the husband of an analyst he was having an affair with. It doesn't really matter. Blind Banker Jefferson is a legend, and his songs will remain popular as long as people are interested in music and banking.