By providing its customers with free CIBC Personal Digital Signatures, CIBC says it can make online banking faster and more convenient by eliminating the time and cost of visiting a branch or resorting to mail and couriers to provide signed documents. Initially, CIBC Internet banking customers can use their CIBC Personal Digital Signatures to apply and sign for unsecured personal lines of credit, transaction accounts, overdraft protection, VISA cards, and to contribute to existing savings accounts. Digital signatures, based on digital certificate technology, using public key cryptography, are legally recognized under recently enacted e-signature laws. According to WebCriteria, CompuBank came out ahead in the rankings based on the ease of use of its site. The sites were ranked in order of the time and effort required to open an account online.
Speed has consequences.
Tasks that users perceive as taking too much time and effort are frequently abandoned in favor of competitive sites that are easier to use. The financial industry has been making strong moves into the waters of mobile communications. Ferra will share his vast knowledge gained from supplying investment information over wireless devices at Richmond Events' The CIO Forum Financial Services and The e. With wider adoption, we could eventually see online fraud rates consistent with those of telephone-initiated transactions. Additionally, the ability for businesses and consumers to access a virtually unlimited supply of information on the Internet via wireless devices will help fuel the growth and investment in the mobile data industry.