RealTime IT News

Net.B@nk Launches Online Account Access on Yahoo!

Internet bank Net.B@nk partnered with giant Yahoo! Inc. Tuesday to offer Net.B@nk clients the ability to view their accounts on the popular portal.

Financial terms were not disclosed.

Yahoo! (YHOO) users can now view their Net.B@nk (NTBK) account information on Yahoo! Finance and My Yahoo!. Net.B@nk customers who register for the new online service at Yahoo! can view their Net.B@nk checking, CD and money market account balances, as well as their transaction history, any time they visit the designated sites. Account information is updated daily and users may choose which Net.B@nk accounts they prefer to view.

Net.B@nk customers can also conduct transactions via a link from Yahoo! to their Net.B@nk accounts. Once logged in, Net.B@nk customers can pay bills online, transfer funds between accounts. Clients may also apply for home equity loans and lines of credit, online brokerage accounts, credit cards and home mortgages. All transactions will be conducted on the Net.B@nk Web site.

The agreement also provides a comfortable level of security as Net.B@nk and Yahoo! both employ the Secure Sockets Layer (SSL) security standard that is widely used by popular Internet browsers and merchants transacting on the Web. Yahoo! has also implemented a security key, which users will be prompted to verify to access their Net.B@nk account balances or transaction information.

"Providing our registered users with access to their personal banking information on Yahoo! is a tremendous benefit, as it gives users the ultimate convenience and flexibility when it comes to managing their finances online," said Tim Brady, Yahoo's senior vice president of network services.