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Unformatted text preview: Vladimir Milosavljevic CIS 1200N Article #8 Orr, Bill (2008, April). A2A payments: next generation of online banking?. ABA Banking Journal , 100 , Retrieved April 15, 2009, from http://0-search.ebscohost.com.library.dowling.edu/login.aspx? direct=true&db=buh&AN=31757814&loginpage=Login.asp&site=ehost-live When online banking was first introduced as a new feature, it has had unique goal, just to enable customer to see his/her account online. Next new capability was online payment of different kinds of bills. Right now, people in the banking sector are talking about the new capability of online banking – account to account (A2A) payments between customers’ accounts in different banks. Company called CashEdge is a leader in money movement business, and it has announced lately that amount of money transferred through A2A payments has increased four times in just a one year period. CashEdge currently serves more than 600 financial institutions including Bank of America, Citibank, Wachovia, HSBC… Biggest concern of the banks...
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- Spring '09
- Milosavljevic 1200N Article, online money transfers, CashEdge, his/her account online