Americans write, and US financial institutions process, about 48 billion checks per year - 216 million each business day.
American Bankers Association
Barclays Bank, UK, limits ATM withdrawals to about $500 daily and runs pictures on ATM screens on what to do if there is evidence of tampering of the machine. It also uses a new "shield your PIN" icon. ATM fraud increased in the UK from $52.2 million in 2002 to $70 million in 2003.
Finextra.com, 8/12/04
According to a survey in August, "Phishing" scam e-mails were recognized by only 28% of Internet users in the US.
MailFrontier.com, August, 2004
20% of People in the US who go away for vacation wind up being charged late fees by their billers while traveling. Another 20% say their credit rating was affected by late payments caused by vacations.
Wells Fargo & Co., Company Information Center, August 12, 2004
The average American household spends from 2-4 hours a month paying bills. Receiving and paying bills online can reduce that time to 15 minutes.
Ibid.
68.7 million households will pay most monthly bills online by the year 2008
Jupiter Communications, reported by Wells Fargo, 8/12/04
72% of all U.S. households are online.
Nielson/NetRatings , reported by Wells Fargo 8/12/04
29% of the PCs in the U.S. are laptops, commonly used by bank officers. In 2002, PC owners filed 620,000 claims for computer thefts - almost all for stolen laptops.
Credit Union Tech Talk, August, 2004
About one in three (approximately 30 million) U.S. households do not have a credit card. About 25 million wage earners don't own bank accounts.
The PELORUS Group Research Report - Raritan, NJ, July 20, 2004
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