Online business banking rising sharply

Northwestern Financial Review, Jun 15-Jun 31, 2002

Online banking use doubled last year among small businesses, according to a study by Informa Research Services. The study looked at 2,000 businesses with annual revenues of $50,000 to $1 million and companies with revenues of $1 million to $20 million. For companies in the first category, online banking use increased 70 percent since the 2001 survey.

For those in the second category, it grew 95 percent.