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Chase Manhattan Launched Web banking in January

By Jim Bruene on February 11, 1999 1:35 PM | Comments (0)

Chase Manhattan

www.chase.com

1999-Feb-Chase.jpg

Chase Manhattan (New York; $365 billion; 30 million customers; 3.8 million ATM cards) finally launched Web banking in January, marking the last major U.S. retail bank to port online banking to the Web. But the bank has been an aggressive marketer of its non-Web online programs, so they haven’t felt much impact in terms of lost customers. The bank told Bloomberg they had 350,000 online subscribers in late Feb., a healthy 9.2% penetration of its ATM base. Edify supplied the online banking platform.
Contact: Ron Braco is SVP Electronic Commerce, ron.braco@chase.com , (212) 622-0097.

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