Re: news item on Atlanta bank

["Nicolas J. Hammond" <njhm@ns.njh.com>]

P. J. Ponder wrote ...
>   from:
>   [http://netday.iworld.com/news1.shtml]
> 
>   news@iworld.com
>   
>   "CyberBank" Opens for Business
>   
>   [October 18] -- Atlanta Internet Bank reports its
>   cyberdoors are open for business as the world's first
>   Internet-only bank.

Security First Network Bank officially opened just over one year ago
(they had their one year anniversary this past Thursday).
SFNB actually had been on-line about 4 months before that
(I helped with their security when I was with a different company).
SFNB was the first Internet-only bank.

SFNB is planning on opening some bricks + mortar branches which
means that, technically, AIB's press release may be correct
(only "Internet-only" bank), but it will be a couple of months 
before AIB is actually on the Internet. According to local 
newspapers AIB is only available through AT&T's
network - it will be a couple of months before they are on the Internet.

>   Currently available to AT&T WorldNet Service
>   subscribers, Atlanta Internet Bank's initial products
>   include interest-bearing checking accounts, direct
>   deposit, electronic bill payment, account transfer
>   capability, and ATM cards.
>   [...]


-- 
Nicolas Hammond                                 NJH Security Consulting, Inc.
njhm@njh.com                                    211 East Wesley Road
404 262 1633                                    Atlanta
404 812 1984 (Fax)                              GA 30305-3774