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Before
Security First, some banks had experimented with a variety of schemes for providing online banking. Usually this involved some kind of token that was placed in an account that could only be used on the Internet. The tokens were not protected by the Federal Deposit Insurance Corporation.
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along with a wholly owned software company (Security First
Technologies). Eventually teller services were added in Atlanta. On September 30, 1998,
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Security First allowed direct access to accounts, bill payment and the viewing of check images, all of which are commonplace today.
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227:(RBC) acquired the banking portion of the Security First Network Bank, while the software development company was spun off as
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http://www.thefreelibrary.com/America's+First+Bank+on+the+Internet,+Security+First+Network+Bank,...-a017645199
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in the United States. It had no physical branch bank offices and could only be accessed online. It was founded in
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RBC Centura Banks, Inc, SEC Form 10-K, December, 2002
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