No more than 10 per cent of US households are ready to embrace online banking before the turn of the century, according to a study by Calfornian research group SRI Consulting. The firm polled 3,600 US families and found that although 33 per cent had access to PCs in the home, only seven per cent had tried online banking and most of those had given it up quickly. The survey results appear to support the views of John Reed, chairman of Citicorp bank, who last week warned that it could take 50 years for online banking to win mass acceptance (see story, 09/12/96).
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