need to conduct remote transactions (via the Internet or across physical distance), both face the risk of buyer-side fraud …

In theory, banks that conduct all their business over the Internet will have low overhead expenses. If these saving … materialize, Internet banks could use them to fuel fast growth while still earning normal profits. This article analyzes a small … sample of "pure lay" Internet banks launched during the late 1990s. Compared with young branching banks, these young Internet …