Small Business Resources, Business Advice and Forms from AllBusiness.com

The...er...aggregation of account aggregation

By Linsely, Clyde
Publication: Bank Marketing
Date: Monday, January 1 2001

What's new with banks on the account aggregation front? Quite a lot, actually.

For example:

One-Stop Money Management. You're hailing a cab on the street when you realize that you haven't paid the phone bill, which is due today.

No problem. As you climb into the cab you whip out

your Palm Pilot and pay it. And as the tam pulls away, you set up a bill-paying protocol so you won't forget again. You call up a history of the checks you've written, verify your credit card balances, confirm your airline reservations and get an up-to-the-minute report on the status of your stock portfolio.

Salem Five Cents Savings Bank, based in Salem, Mass., was one of the first banks in the United States to offer its customers online access to all their personal financial information via the Internet. Salem Five's online account consolidating feature, OneView Service, is available to customers from their personal computers as well as from wireless hand-held computers and from cell phones enabled with Wireless Application Protocol (WAP).

In addition, make sure to read these articles:

Starting a Catalogue Company
Host Hattie Bryant of Small Business School interviews Brent Beck and Harry Rosenthal of Sundance Catalog, a catalog company based in Salt Lake City, Utah.