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Security First Network Bank (SFNB) was the first pure Internet bank in the United States. It had no physical branch bank offices and could only be accessed online. It was founded in Pineville, Kentucky, in October 1995 by Michael Karlin and James (Chip) S. Mahan III. [1] Several months later, the bank relocated to Atlanta, Georgia.
Security First Network Bank This page was last edited on 30 December 2019, at 02:27 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 ...
One of the first direct banks in the United States was the Security First Network Bank (SFNB), launched in October 1995, and was the first direct bank to be insured by the Federal Deposit Insurance Corporation. [1] While SFNB did not make much profit in its initial years, it demonstrated that the concept of direct banking could work.
Its secure operating system was used to help secure the world's first internet bank, Security First Network Bank (S1 Technologies). [1] SecureWare also worked closely with HP's federal division to develop security products, such as the trusted operating system, used by the U.S. Department of Defense for certain military information. [citation ...
S1 Corporation was originally the technology division of Security First Network Bank. [ 5 ] [ 6 ] The company acquired the South African firm Mosaic Software during 2004 and acquired internet banking company PM Systems Corporation in March 2010. [ 1 ]
A new Security Pacific Bank emerged in February 2005, the result of a name change by a bank formerly known as Network Bank USA and, prior to that, Golden Pacific Bank. The new Security Pacific Bank (which failed on November 7, 2008) [8] had no relation to Bank of America or the former Security Pacific National Bank, although it did use a ...
A host of security software vendors release anti-hacking products for use on home computers. U.S. President Bill Clinton announces a $1.46 billion initiative to improve government computer security. The plan would establish a network of intrusion detection monitors for certain federal agencies and encourage the private sector to do the same.
The previous two Net-only banks, Security First Network Bank (SFNB) and NetBank (formerly Atlanta Internet Bank), used thrift charters. CompuBank offered a variety of depository products and services including: basic checking, interest checking, savings, money market accounts, certificates of deposits, visa check cards, direct deposit and ...