According to a report posted by Bank of America, less and less customers are visiting banks to deal with withdrawing and depositing, relying on other methods of doing so. Instead of waiting in line at the bank, customers are relying more on virtual account access through the Internet and ATMs.
 
The report revealed that almost 50 percent of all deposits are made using ATMs, which marks a 17 percent increase from six months ago. About 2.8 million customers have begun banking via cell phone in the last year and a half, and Bank of America is responsible for 60 percent of …read more

I’ve just read about this new system and thought you might want to hear what this can do….

Loom Gold is a new, simple way to transfer value over the Internet. It’s more private than convention online banking and easier to use than a credit card. This system is so simple and generic, it just may be able to be duplicated on any URL, in any language and will allow private secure transfer of value between global users anytime – 24/7.

Security firm F-Secure thinks the ICANN board needs to consider a new top level domain (TLD) for banks and financial institutions to prevent fraud.

New options are available for digital currency users. No need anymore for a conventional bank account or credit card, DGC users can almost pay all their bills online.

Online Payment Processing Has Changed Since Last Year !!

Part two in a continuing series about e-gold.

Its never been so important to keep your PC and your PW’s safe. The online thieves are everywhere on the Internet and they want your digital money.

The FSA reports that the UK financial services sector has experienced an 8000% increase in phishing scams in the past two years.

No question about it, in the coming year or two doing financial business on the Internet will be defined by the payment system’s security protection. By 2008, the Tower Group predicts that 44% of all retail transactions will be virtual (without the customer present) and the magnetic stripe may be nearing the end of its card life.