The "Webification" Of Cash Management: There's an $11-billion market out there for vendors facilitating what is, in a sense, a return of the old.(Industry Trend or Event)

From: Bank Technology News | Date: January 1, 2001| Author: Murphy, Patricia | Copyright information

The market for corporate treasury services is being blown open by the Internet and its supporting technologies. Small banks that never before offered treasury services (beyond what was needed to support the basic DDA requirements of local businesses) are now competing head-to- head with banking giants for shares of a market that generated an estimated $11 billion in revenues last year, according to Ernst & Young LLP. Indeed, banks big and small are now discovering the Internet make...

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