Netbank: The Conservative Internet Entrepreneurs
Author(s) -
Cheryl Rothstein,
Richard T. Watson
Publication year - 2004
Publication title -
communications of the association for information systems
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.576
H-Index - 48
ISSN - 1529-3181
DOI - 10.17705/1cais.01410
Subject(s) - the internet , quarter (canadian coin) , business , commerce , internet privacy , geography , world wide web , computer science , archaeology
NetBank is a successful Internet startup. In late 2001 it was the only Internet Bank that really succeeded in the U.S. By the end of 2001, Netbank operated nation wide with nearly a quarter of a million customers. The number of accounts grew at 275 percent per annum compounded since incorporation. This case describes the development of NetBank and addresses the issues it faced in handling rapid growth as it implemented Internet banking.
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