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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