MICROSOFT is to launch an Internet banking site in partnership with up to four British banks.
Published:
22 March 1999 y., Monday
The move represents an attempt by the software giant to grab a share of an increasingly popular market. While the big four British clearing banks - Barclays, NatWest, Lloyds TSB and HSBC - are introducing their own Net banking services, Microsoft will team up with smaller banks and is understood to be negotiating with Royal Bank of Scotland, Bank of Scotland and Co-operative
Bank.The Finance Channel, the site_s working title, will become part of the Microsoft Network . Any user will find The Finance Channel on MSN_s home page with a list of links to banking services. The relationship between the banks and Microsoft is likely to be similar to that with supermarkets such as Tesco, backed by Royal Bank of Scotland, and Sainsbury, backed by Bank of Scotland. Online banking is a huge growth area in both Britain and America. It is expected that there will be about 2.5m Net bank users by 2002 in Britain alone, with a figure of about five times that likely in America.
Šaltinis:
Sunday Times
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New rules for the EU's single market will make it easier to live and do business anywhere in Europe.
more »
MEPs were disappointed that the Commission's EU budget review document had not sought the radical revision that the EU needs, they told Budgets Commissioner Janusz Lewandowski in a Policy Challenges Committee debate on Thursday.
more »
On 25 October, the Commission adopted the decision to financially support the 2011 electoral process in the Central African Republic.
more »
New EU framework for crisis management in the financial sector for managing problems before they spiral out of control.
more »
The financial crisis laid bare the limits of self-regulation, demonstrating the need for strong EU economic governance, surveillance and policy co-ordination, say two non-legislative resolutions voted by Parliament on Wednesday.
more »
The European Commission has approved an application from Germany for assistance from the European Globalisation adjustment Fund (EGF).
more »
Global and EU- level taxes on financial sector would help to fund international challenges such as development or climate change and fix the fallout from the global economic crisis.
more »
The European Investment Bank and African Development Bank today agreed to provide EUR 45m to design, build and operate onshore wind farms on four islands in the Cape Verde archipelago.
more »
MEPs want future EU budgets to accommodate new policy priorities as well as negotiations on new sources of financing.
more »
The European Parliament's Budgets Committee on Monday backed EU funding for 3,731 workers in Portugal, the Netherlands, Spain and Denmark who were made redundant due to the closure of their companies.
more »