Advertisement
Promo

Enterprise applications Toolkit

Download now

Banking on Gambling: Banks and Lottery-Linked Deposit Accounts

PublisherUniversity of Pennsylvania
Format268.9KB PDF, requires Acrobat Rdr 5Date added11 Apr 2000
Topics Online Banking
Downloads140

Lottery-linked deposit accounts have proved to be popular around the world. From the point of view of a bank, these products are especially successful among relatively low-income customers, or in markets in which many people are outside the banking system. Below, we describe numerous examples of such accounts, and analyze their economics. Banks continually search for new products to offer depositors. One product available in many countries around the world is the lottery-linked deposit account (LLDA). Their ubiquity is a testament to a popularity that transcends particular cultures and societies. The development of the Internet, and especially the development of Internet gambling, suggests that one can expect these accounts soon to be available in markets where they are not currently offered.

Download now

Did you find this white paper useful?
27 out of 50 users found this white paper useful


  • Trackback
  • Clip Link

Related white papers

Celltel Delivers Secure Mobile Banking and Bill Payment in Sri Lanka With Valista Technology

Celltel, Sri Lanka's first and largest cellular network, provides the country's widest coverage and broadest range of premium services. Celltel needed to create an integrated mobile banking and bill payment...


Securing Online Banking on an Unprecedented Scale

This large commercial bank in Asia serves over 12 million customers. The challenge was to offer compelling eBanking services with reliable security measures to protect transactions and reassure customers and...


SBI Sumishin Net Bank: A Full-Banking Service, Internet-Only Bank

Headquartered in Tokyo, SBI Sumishin Net Bank is an "Internet-only" bank established as a joint venture between SBI Holdings and Sumitomo Trust & Banking. In Japan, competition in the Internet...


Customer Assurance Leads to Plunging Costs and Climbing Profits

The company is one of the largest financial organisations in Europe with 40 million customers, over 10,000 branches and an operating profit of over $5 billion ($7 bn). The challenge...


TODO1 Brings Mobile Banking to Latin America Using the Valista Service Delivery Platform

Headquartered in Miami, TODO1 is spearheading the development of electronic financial services in Latin America. TODO1 needed to deliver banking services to mobile phones for customers of a consortium of...


For Fail-Safe Firewall Protection From Cyberattacks, Charter Bank Depends on NetSolve's Around-the-Clock Monitoring

Charter Bank, a community bank located near Detroit in Wyandotte, Michigan, operates eight banking offices and a growing Internet banking business. In the summer of 2000, Charter Bank launched its...


Home Use Program Is Popular Employee Benefit at Top Financial Software Provider

Based in Hillsboro, Oregon, Corillian Corporation is the market-leading provider of highly scalable and secure Internet-banking and fraud-prevention applications, serving more than 25 percent of U.S. online banking users. Corillian...


Broadband Deals? Powered by Top 10 Broadband

150+ broadband packages

Compare 30+ mobile broadband deals

Mobile Broadband »
White Paper

Featured White Paper

Centrinet case study

Centrinet launched an innovative business service - Smartbunker - based on renewable energy and energy-efficient technology(efficient IBM BladeCenter servers and Cisco networking hardware), It's the UK's first managed data centre service committed to zero carbon energy. This unique proposition drastically reduces power consumption by around 60%.

Download Now

Other White Papers

Contact Centres: Optimum service at optimum cost

Getting the balance right between meeting the inbound call expectations of busy customers and...

Fact Sheet : IBMXIV Storage System

The IBM XIV® Storage System is a ground-breaking, high-end disk system, designed to support...

See All White Papers


Skip Sub Navigation Links to CNET Brand Links

Help

Become part of the ZDNet community.

Newsletters