Task 5. Read the text “Creating an Internet-Exclusive Bank” and translate it.

Date: 2015-10-07; view: 367.

Task 6. Find answers to the following questions in the text and write them down:

1. How do banks use the Internet?

2. What is a group of bankers and entrepreneurs busy with in Atlanta?

3. What will the bank look like?

4. What can the AIB offer you?

CREATING AN INTERNET-EXCLUSIVE BANK

There are currently many obstacles to overcome before electronic cash is widely accepted over the Internet. But banks haven't hesitated to exploit the Internet to provide financial products and services. Many “traditional” banks today offer some services on the Internet; others have chosen to use the Internet as the sole distribution channel for financial services.

In Atlanta, a group of bankers and entrepreneurs are creating one such Internet bank called the Atlanta Internet Bank (AIB). The AIB will have no drive-up windows and no lobbies in which you can get a bank representative's help. Instead, you'll perform all your banking transactions through the Internet. Initially, the AIB plans to offer checking and money market accounts and bill payment services; later it will add brokerage services and credit products.

Can you imagine that? Some day you may never see a bank building. Instead, all banks will exist in virtual cyberspace on the Internet.