Citibank drops transaction fee for sending money online.

• Position: Marketing News - Brief Article

In an apparent effort to increase its online payment business, Citibank has developed a new pricing structure that eliminates transaction fees for online fund transfers through its C2it payment service. Citibank says online auction users--among the system's most active users--wilt be particularly interested. Further, online auction sellers will earn an additional $5 for every new user they refer to C2it. By including the C2it logo on a for-sale item, the seller receives the bonus each time a buyer clicks on the logo and enrolls in C2it program...