STATS
- 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
Copyright © 2004 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 14, No. 6, 10/10
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