Citigroup, Microsoft will allow users to send money transfers

Published: 1 May 2001 y., Tuesday
Even as a slew of small online-payment ventures has fallen by the wayside, Citigroup Inc. has inked a new agreement with Microsoft Corp. that will give tens of millions of users of Microsoft’s Internet services easy access to sending money via e-mail. UNDER THE TERMS of the agreement, Citigroup, the nation’s largest financial-services company, will offer its “c2it” online money-transfer system, branded with Microsoft’s MSN name, to users of the MSN network of Web services, including online auction and shopping services as well as the Hotmail free e-mail service. (MSNBC is a Microsoft-NBC joint venture.) About 230 million users visit MSN monthly, the companies said. Many users will be preapproved to use the service to cut down on the hassle of extensive online application forms. The agreement also allows for Citigroup to advertise on Microsoft Internet services. Financial terms weren’t available. But Microsoft is aggressively going after advertising deals on MSN; just last week, it signed a five-year Internet-access pact with Qwest Communications International Inc. through which Qwest will spend $100 million on MSN advertising.
Šaltinis: THE WALL STREET JOURNAL
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Parex Bankas is to refinance LTL 19.5 million for small and medium-sized enterprises

Parex Bankas won the tender organised by UAB Investicijų ir Verslo Garantijos regarding the financing of very small, small and medium-sized enterprises, and is to lend LTL 100 million together with other three selected banks. more »

Commission approves aid package for German bank WestLB

The European Commission has approved, under EC Treaty state aid rules, the €5 billion risk shield for German bank WestLB and accompanying measures, following an in-depth investigation opened in October 2008. more »

Capital Requirements Directive - rapporteur Karas interviewed

MEPs have backed new rules to rebuild trust in Europe's battered banks through better financial supervision and risk management. more »

AB Bank SNORAS changes the interest rates on time deposits

Taking into consideration the tendencies in the market, starting from 11 May this year AB Bank SNORAS will change the interest rates on time deposits in Litas, Euro, Great Britain pounds and USA dollars. more »

VW, Porsche in merger talks

Now VW and Porsche who are looking into a merger. more »

Small business, big ideas

First European SME week supports small businesses and encourages entrepreneurship. more »

Twist of fate: $120,000 found at ATM

Officials at an El Paso bank said $120,000 found at an ATM doesn't belong to the bank. more »

MEPs adopt strict conditions for the placing on the market of seal products in the European Union

The placing on the market of seal products should not be allowed say MEPs. It is permitted only where the seal products result from hunts traditionally conducted by Inuit and other indigenous communities. more »

Obama's corporate tax crackdown

President Barack Obama is calling on Congress to overhaul tax policies that he said reward companies for shifting U.S. jobs overseas and allow wealthy people to evade taxes using offshore accounts. more »

Animals used in science, seal ban debated Monday

MEPs will discuss the protection of animals used for science Monday evening along with a proposal to ban the trade in seal products. more »