Citibank Is 'Forbes Favorite' in Winter 2003 'Best of the Web' Awards.Business Editors/High-Tech Writers NEW YORK--(BUSINESS WIRE)--Jan. 15, 2004 Forbes Magazine's "Best of the Web" Awards has named Citi.com its "Forbes Favorite" in online banking in the Winter 2003 edition. This is the sixth time that Citibank's service has been awarded this distinction by Forbes. In summing up the best attributes of the service, Forbes said of the web site, "Most intelligent banking site around. Its design is simple but robust and its functionality is top notch." Ajay Banga, President, Retail Banking North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , said, "Forbes is a prominent voice in the world of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. with very discerning consumers as its readers, so we value this acknowledgement very highly. Recognitions such as "Best of the Web" inspire us to continually strive to improve services for our customers." Citibank currently has approximately 4 million consumer bank customers in the U.S., and nearly 1.5 million bank online. Over the past year, Citibank customer activations for online banking services have doubled, and customer activations of online bill payment have increased nearly threefold. The Forbes review stated, "Citibank continues to hold top honors. Newly added global wires and transfers, as well as streamlined inter-institutional ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to (automated clearing house See ACH. ) transfers, enable customers to move money quickly between Citi and outside accounts...." Forbes also noted Citibank's easy customization features, free unlimited online bill payment and special capabilities such as online bank statements going back seven years. Account aggregation Account aggregation is a method that involves compiling information from different accounts, which may include bank accounts, credit card accounts, investment accounts, and other consumer or business accounts, into a single place. , money transfer capabilities and the availability of insurance and stock brokerage services (through affiliates) were also highlighted along with the fact that Citibank's online banking service is available in Spanish. The full review may be seen at http://www.forbes.com/bow. Citigroup (NYSE NYSE See: New York Stock Exchange : C), the preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae global financial services company with some 200 million customer accounts in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , Banamex, and Travelers Life and Annuity. Additional information may be found at: www.citigroup.com. |
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