For more than a decade, automated teller machines, online bill paying, wireless transactions and myriad other Internet-driven services have been broadening the service base for financial institutions. Consumers responded enthusiastically and clamored for more Net convenience and speed. In the quest for ever-greater state-of-the-art consumer services and increased service-fee revenue, financial institutions are always striving to “sweeten the online pot” by creating innovative cyberspace options. The virtual safe deposit box (VSDB) answers the signal.

What is VSDB?

VSDB is a file-storage solution for keeping urgent digital documents “bank-vault” safe, while providing secure online access and storage protection, separate from a personal computer. Depending on the service provider, there are several options available for consumers to input their documents into their virtual accounts. Some consumers scan, compress and e- mail their files; others manually input the goods; and many fax their documents to a toll-free number, where the documents are […]

Orginal post by dhiram