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A Look Back on Online Banking (2 and 6 years from 2001)

By Jim Bruene on December 9, 2001 11:47 AM

 

Two Years Ago in Online Banking Report

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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. Two years later, PayPal is offered as a payment option on more than 70% of eBay’s 6 million weekly auctions. Furthermore, PayPal has more than 11 million registered users in 37 countries. 

                        OBR, Nov. 29, 1999

 

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PayPal now accepts all major U.S. cards.


 

Six Years Ago in Online Banking Report

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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 they were pushing the envelope. Back then, 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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