Corporate Insight Finds Significant Variations in Online Money Transfer Capabilities at US Financial Institutions.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Corporate Insight, the leader in researching and benchmarking the customer experience at 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. firms, recently examined the online money transfer capabilities of the top 16 financial institutions and found significant variation in terms of the design, recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. transfer options and transfer activity records offered at different banks. The research found that beyond basic internal transfers - a feature offered on all online sites - firms offer a wide array of transfer capabilities, from bank-to-bank and customer-to-customer fund movements to fee-based wire transfers. "We found that fifty percent of the firms we follow allow clients to transfer money to linked accounts at other banks, while only three firms allow their customers to transfer funds to other customers within their bank," said Douglas Douglas, city, Isle of Man Douglas, city (1991 pop. 19,950), capital of the Isle of Man, Great Britain. It is a popular resort, connected by rail to Ramsey and Port Erin, on the Irish Sea. Tourism is the chief industry. Miller, Senior Analyst at Corporate Insight and author of the Bank Monitor report. "We were surprised that only one bank allows customers to transfer funds to external accounts they do not own." In this 85 page report, entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: Online Transfer Functions: Moving Money at the Click of a Button (www.corporateinsight.com/ci.asp?men=cus&cus=rdp&index=570&tab=a)", Corporate Insight graded firms on their performance using the following criteria: availability, design, fees, and execution of provided transfer options. The report includes detailed findings of each firm's offerings, along with analysis and recommendations firms should consider when updating and upgrading their online funds transfer capabilities. For more information on this research and related services, please visit: www.corporateinsight.com. About Corporate Insight Corporate Insight is a leading provider of competitive intelligence, analysis, and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to the financial services industry. Founded in 1992, the firm has a blue-chip blue chip also blue-chip·per n. 1. A stock that sells at a high price because of public confidence in its long record of steady earnings. 2. An extremely valuable asset or property. 3. client base of industry leaders who rely on the company's commentary and insight gleaned through years of research examining the issues and trends that have shaped the industry. CI monitors the top firms on an ongoing basis, measuring, analyzing, and communicating industry best practices. Its products include Bank Monitor, Broker Monitor, Credit Card Monitor, e-Monitor, Mutual Fund Monitor, Mutual Fund - Advisor Monitor, and Annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. Monitor, as well as custom project work. For more information, please visit www.corporateinsight.com. |
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