The New Bank Branch: Internet Cafes, Rented Rooms


	The New Bank Branch: Internet Cafes, Rented Rooms

cendana287

8-3-2009 4:53 PM

43 views

tags:

economy, banks

cendana287 says:

ATMs, SmartPhones, Internet can do away with costly branches.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/ef862ff0-6e1f-42b1-bf7c-f9903ee6c470/13205C06-71C9-42F0-B99C-5934149590CE/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.businessweek.com/bwdaily/dnflash/content/aug2009/db2009082_056111.htm?chan=rss_topStories_ssi_5" href="http://www.businessweek.com/bwdaily/dnflash/content/aug2009/db2009082_056111.htm?chan=rss_topStories_ssi_5" style="font-size: 11px;">www.businessweek.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/bwdaily/dnflash/content/aug2009/db2009082_056111.htm?chan=rss_topStories_ssi_5"><H2>
Big banks are closing branches and focusing on sales of high-margin products. Meanwhile, innovative small banks are getting creative to compete
</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/bwdaily/dnflash/content/aug2009/db2009082_056111.htm?chan=rss_topStories_ssi_5">But now that the housing bubble has burst, the banking industry is awash in too many branches—a problem it is looking to correct. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/bwdaily/dnflash/content/aug2009/db2009082_056111.htm?chan=rss_topStories_ssi_5">What's fueling the cutbacks is not just the drop in mortgage-generated business, but new technologies—introduced by the banks—such as Internet bill-paying and mobile banking, as well as the proliferation of automated teller machines that do far more than their predecessors.
</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.businessweek.com/bwdaily/dnflash/content/aug2009/db2009082_056111.htm?chan=rss_topStories_ssi_5">Next up: small check-reading apps for smartphones, PCs, and others devices that allow consumers to deposit checks anywhere they have an Internet connection, as is already the case for customers of USAA Savings Bank, who can make deposits even by iPhone. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/13205C06-71C9-42F0-B99C-5934149590CE/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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