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Boston-Based Fleet Financial to Enter Home-Banking Market.(Originated from The Boston Globe)
Knight Ridder/Tribune Business News, February, 1997 by Stein, Charles
Feb. 26--Fleet Financial Group is about to enter the home-banking business.
The Boston-based bank next week plans to roll out Fleet PC Banking, a product that will allow customers on-line access to their accounts to transfer money and pay bills using their home computers.
The Fleet product uses Managing Your Money, personal financial software developed by Meca, a Trumbull, Conn. company in which Fleet is an investor. Other big banks that use the software include Bank of America, Nationsbank and First Bank Systems.
Fleet has no specific projections for how many customers may ultimately bank through a personal computer, said spokesman John Stevens. "But other banks that have used this software have been overwhelmed by the...
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