Security First Network Bank: Difference between revisions
m Tagging and general fixes |
|||
| Line 4: | Line 4: | ||
'''Security First Network Bank''' was the first pure internet bank and was founded in October 1995 based in [[Pineville, Kentucky]]<ref>[http://www.fdic.gov/bank/analytical/banking/1995summ/art3full.html FDIC Banking Review, Vol. 8 No. 3 - Article III February, 1996]</ref>. Several months later, the bank relocated to [[Atlanta, Georgia]]. |
'''Security First Network Bank''' was the first pure internet bank and was founded in October 1995 based in [[Pineville, Kentucky]]<ref>[http://www.fdic.gov/bank/analytical/banking/1995summ/art3full.html FDIC Banking Review, Vol. 8 No. 3 - Article III February, 1996]</ref>. Several months later, the bank relocated to [[Atlanta, Georgia]]. |
||
It was established as a [[savings bank]] with a wholly owned software company (Security First Technologies). Eventually teller services were added in Atlanta, Georgia. [[Royal Bank of Canada]] (RBC) acquired the banking portion of the Security First while the software development company was spun off as S1 Corporation. RBC subsequently acquired Centura Bank of North Carolina, rebranded the online banking segment as [[RBC Centura]], and made several adjustments to customer terms of service at that time. |
It was established as a [[savings bank]] with a wholly owned software company (Security First Technologies). Eventually teller services were added in Atlanta, Georgia. [[Royal Bank of Canada]] (RBC) acquired the banking portion of the Security First while the software development company was spun off as S1 Corporation. RBC subsequently acquired Centura Bank of North Carolina, rebranded the online banking segment as [[RBC Centura]], and made several adjustments to customer terms of service at that time. |
||
Before Security First some banks had experimented with a variety of schemes for providing online banking. Usually this involved some kind of token that was placed in an account that could only be used on the Internet. The tokens were not protected by [[FDIC|depositors insurance]]. |
Before Security First some banks had experimented with a variety of schemes for providing online banking. Usually this involved some kind of token that was placed in an account that could only be used on the Internet. The tokens were not protected by [[FDIC|depositors insurance]]. |
||
| Line 13: | Line 13: | ||
* [http://www.s1.com S1] - as Security First Technologies is now titled. |
* [http://www.s1.com S1] - as Security First Technologies is now titled. |
||
== |
==References== |
||
<references/> |
<references/> |
||
(Profits Whirl) |
(Profits Whirl) |
||
2. http://www.bizjournals.com/atlanta/stories/1996/06/17/newscolumn6.html |
2. http://www.bizjournals.com/atlanta/stories/1996/06/17/newscolumn6.html |
||
| ⚫ | |||
{{Uncategorized stub|date=September 2010}} |
|||
| ⚫ | |||
{{US-bank-stub}} |
{{US-bank-stub}} |
||
Revision as of 10:31, 25 September 2010
 |
Security First Network Bank was the first pure internet bank and was founded in October 1995 based in Pineville, Kentucky[1]. Several months later, the bank relocated to Atlanta, Georgia.
It was established as a savings bank with a wholly owned software company (Security First Technologies). Eventually teller services were added in Atlanta, Georgia. Royal Bank of Canada (RBC) acquired the banking portion of the Security First while the software development company was spun off as S1 Corporation. RBC subsequently acquired Centura Bank of North Carolina, rebranded the online banking segment as RBC Centura, and made several adjustments to customer terms of service at that time.
Before Security First some banks had experimented with a variety of schemes for providing online banking. Usually this involved some kind of token that was placed in an account that could only be used on the Internet. The tokens were not protected by depositors insurance.
Security First allowed direct access to accounts, bill payment and the viewing of check images, all of which are commonplace today.
External links
- S1 - as Security First Technologies is now titled.
References
(Profits Whirl)
2. http://www.bizjournals.com/atlanta/stories/1996/06/17/newscolumn6.html
 | This article has not been added to any content categories. Please help out by adding categories to it so that it can be listed with similar articles, in addition to a stub category. (September 2010) |
 | This United States bank–related article is a stub. You can help Wikipedia by expanding it. |