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Online business banking on the rise
Northwestern Financial Review, Oct 15-Oct 31, 2003
A survey released by Informa Research Services Inc. found that about 24 percent of companies with less than $1 million of annual revenue are using online banking, as are 44 percent of those with revenues between $1 million and $20 million. Smaller percentages use online bill payment. Seven percent of smaller firms and 15 percent of larger firms use the service.
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Informa, of Calabasas, Calif., said the percentage of businesses with less than $1 million of revenue that are using online banking had doubled from a similar survey it conducted last year. The figure for the larger companies increased by 9 percentage points.
Copyright NFR Communications Inc Oct 15-Oct 31, 2003
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