Cardinal launched, with the other partners' assistance, the
Security First Network Bank in October 1995.
As part of the deal, Royal Bank and its US-based subsidiaries
Security First Network Bank, an internet bank, and Bull & Bear Securities, an online brokerage, have committed to marketing agreements across AOL properties in the US and Canada totaling more than $7.5m.
The in-laws developed
Security First Network Bank, the first internet bank on the web, which they formerly launched in 1995.
"You always know what your balance is of whether a deposit has cleared," says Kim Humphreys, director of public relations at
Security First Network Bank in Pineville, Ky.
Current S1 customer include Citibank, Eastern Bank, The Principal Financial Group and its own
Security First Network Bank. HP has been working with S1 since its inception in 1995 and promises to feature it as one of the p lanks of its forthcoming internet strategy announcement, which is due within two weeks and will focus on new services HP intends to brand as "Internet Chapter 2" (02/08/99).