Banking at home
PA New York Chemical Bank, the United Stales' sixth largest bank, says that it will provide the first major home banking and information system commercially available in the United States.
Computerised banking at home has been available on an experimental basis in many areas of the country, and Shawnut Bank of Boston also announced that it would soon begin testing such a banking service in Massachusetts.
Chemical said it had been testing its system, which it calls Pronto, for three years, including a programme involving 200 New York area households since last November.
It said it would begin offering the system to cheque account customers in the New York area later this year at a monthly fee in the range of SUSS to $lO. and that it expected as many as 3000 customers by early 1983. Using home computers, customers will be able to pay bills, transfer funds among their own bank accounts, obtain information on bank balances and credit card use, and keep track of spending. Future plans call for providing investment information. including stock prices and interest rates, news and other information and giving customers the ability to make purchases and pay for them electronically, said Mr John Farnsworth, senior vice president in charge of Chemical's financial services division. '
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Press, 13 September 1982, Page 25
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214Banking at home Press, 13 September 1982, Page 25
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