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Statistics, Facts, & Such

Instead of carrying cash for the collection plate, church-goers in Madrid, Spain can swipe their credit cards on the machine installed in the back of the church to make their donations. The bank that installed the machine gets 2%.
Newsweek, December 21, 1998

The average small business has a 50% chance of surviving the first year; a 30% chance of making it to the third year; and only a 10% chance of passing a 5th anniversary, according to Mark Watson, Small Business Expert.
DCD Times, December 16, 1998

TeleBank, www.telebankonline.com, the United States' first online bank, says it now has over 50,000 accounts, over $1 billion in deposits, and over $1.5 billion in assets.
Internet-telebankonline.com

International Banking Technologies (IBT), in Atlanta estimates there are now more than 7,100 banks located in supermarkets and supercenters, a 10.4% increase over last year. In-store banking began 15 years ago, in 1983.
First Data Corporation via PR Newswire, December 14, 1998

According to FDIC, the value of 1998's bank mergers exceeded the total of all bank mergers since the end of 1992.
FDIC Regional Outlook, Quarterly Issue, December, 1998

New Year's weekend saw 2000 Citigroup people around the world at work. By 2 p.m. Sunday afternoon all general ledger reconciliations and analyses converting to the Eurodollar were complete.
American Banker - January 8,1999, p8

According to Chase Manhattan Bank, 70% of U.S. banks are surcharging for ATM transactions.
American Banker - January 8,1999, p10

Copyright © 1999 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 9, No. 1, 1/99

First published on 01/01/1999

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