U.S. military personnel who are NationsBank customers soon will be able to conduct transactions from anywhere in the world through the Internet.
NationsBank Military Banking, headquartered at the Fort Sam Houston banking center in San Antonio, Texas, serves more than 85,000 customers worldwide, offering specialized products and services for active duty or retired military personnel.
According to a June 26 announcement, the Internet banking services will include 24-hour access to bank accounts to pay bills online, open new accounts or view current ones, transfer funds between accounts and review 24 months of stored financial data.
NationsBank has signed a letter of intent to use the Internet-based technology platform of Security First Technologies (S1) for the service. A specific launch date still has not been determined.
S1 is a wholly owned subsidiary of Atlanta-based Security First Network Bank, the world’s first Internet bank, and more than three dozen financial institutions now offer Internet services using S1’s software applications, the announcement said.
The announcement also said that the Internet transactions would be processed by the S1 Data Center in Atlanta.
For more information, call Nicole Lipson at (404) 812-6775; fax, (404) 812-6727. Her e-mail address is nlipson@S1.com and the S1’s web site may be found at http://www.s1.com