Do Banks Really Want Your Business?

Article Abstract:

Bank services and products of commercial banks are deteriorating owing to a policy that bank strategists have established. If a customer can't provide the prescribed profit targets, the customer is to be ignored.

United States, Statistical Data Included, Target marketing

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Lockboxes in lockstep

Article Abstract:

Use of lockbox banks is increasing due to the proliferation of electronic media. Banks scan documents into a computer system, which can deliver on-screen images of items to customers. Electronic delivery eliminates the time-consuming effort once spent searching for stored paper records. The process will also enable automatic payment posting.

Technology application, Bank automation

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Electronic billing gets a test: Hamilton Standard and others are gambling that payables are electronic commerce fodder

Article Abstract:

Hamilton Standard is in the process of developing the first ever electronic bill presentment system for the business-to-business market with hopes that companies will accept the technology. The service, called NetTransact is an electronic billing and payment network for the business-to-business market and is also being participated in by Northern Trust. The service comes with a toll-free hotline for clients.

Telephone and telegraph apparatus, Telephone Apparatus Manufacturing, Customer Service Equip NEC, Equipment and supplies, Telecommunications equipment industry, Business-to-business market, Business to business market, Telephone systems, The Northern Trust Co., Hamilton Standard Electronics Systems Inc.

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