ING continue to revolutionise world banking.
Verkoren said that, in the U.S., the online bank is considering offering a new product, which is being tested under the name "e-orange." …… With the online checking account, customers would be able to do everyday banking transactions, without using paper checks, but "it remains to be seen if customers will give up using those checks,"
In Spain, ING Direct set up a pilot project in September in which it offered customers current accounts for free. The offering, which allows customers to do everyday banking transactions through their ING Direct accounts, and has been successful so far ….prompted large traditional banks to react. Santander Central Hispano SA (STD) was first in dropping service fees
ING Direct is also active in Australia, France, Italy and Austria. Austria is still unprofitable, but its figures are consolidated in the German business, Verkoren said.
Verkoren said entry into Sweden, Portugal and Switzerland was being studied. "And in the long term, we will certainly consider emerging markets in Eastern Europe, Asia and South America," Verkoren said.
About 7,000 full-time employees work for ING Direct, with 114,000 employed worldwide by ING.
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