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An Anderson Consulting study reveals that only 39% of European businesses have taken any steps to incorporate any type of electronic commerce into their current operations. It is estimated there are 100 million users of eCommerce worldwide - 25 million of them in Europe.

Worldwide eCommerce accounts for about $10 billion worth of business per year, and is expected to reach $500 billion by the year 2002.

1.332 million people filed for bankruptcies in 1997, and Visa predicts 1.35 million in 1998 - an all time record according to a study by SMR Research Corp. of Hackettstown, NJ.

In preparation for the year 2000, the Gartner Group information technology consulting company, says the cost of fixing one line of computer code was $1.10 in 1996; $3.10 in 1998; and will probably rise to $6.70 in 2000.

Eight states have legal caps on overdraft fees: Idaho-$15; Missouri-$20; Nevada-$25; New Jersey-$20; New York-$15; South Dakota-$30; and Tennessee-$20.

Mentis Corporation, Durham, NC, predicts more than 90% of financial institutions in the United States will be using Pentium-class PCs in their branches by the year 2000. They report the number of online branch terminals surpassed one million in number by 1997.

Forrester Research, Inc., surveying 9,100 Internet users in August, 1998, says only 37% of new Internet users have ever clicked on a banner ad. The percentage increased to only 62% after over three years online.

Copyright © 1998 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 8, No. 11, 11/98

First published on 11/01/1998

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