A Look Back on Online Banking (1 and 5 years from 2000) (NetBanker)

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A Look Back on Online Banking (1 and 5 years from 2000)

By Jim Bruene on December 9, 2000 5:54 PM

One Year Ago in Online Banking Report

We focused on the emerging person-to-person payment market, featuring little-known startup, Confinity, whose PayPal system received an OBR Best of the Web designation. At the time of publication, just 9 of eBay’s 3.4 million auction lots offered a PayPal payment option, exactly one year later, the number had grown to about 3 million of 5.7 million total lots. PayPal also surpassed the 5-million-user mark in early December 2000.

OBR Nov. 29, 1999

Five Years Ago in Online Banking Report

We profiled one of the movers and shakers in online banking, Mark Twain Bancshares, which was experimenting with DigiCash’s eCash system. Its Web site was crude, but at least they were pushing the envelope. Back then, its VP of Capital Markets, Frank Trotter was running the DigiCash experiment. Since then, Mark Twain has been sold and DigiCash went out of business,¹ but the enterprising VP is now CEO of everbank, an OBR Best of the Web winner in February 2000

OBR Nov. 30, 1995

¹The eCash system has been resurrected by eCash Technologies www.ecash.net

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