Finance
Yahoo unveils financial services
Slowly but surely, Yahoo (yhoo) is building up its financial services to look more like an online bank. The portal has unveiled a new service allowing customers to transfer money between their financial accounts through Automated Clearing House network, a money transfer system used by 23,000 banks, brokerages and credit unions.
Slowly but surely, Yahoo (yhoo) is building up its financial services to look more like an online bank. The portal has unveiled a new service allowing customers to transfer money between their financial accounts through Automated Clearing House network, a money transfer system used by 23,000 banks, brokerages and credit unions. With one click, for example, a person can go to Yahoo online and transfer money from a savings account at Wells Fargo to an investment account at E*Trade. Full story.--Greg Sandoval, Special to ZDNet