Movielink and Verizon announced the launch of a co-branded movie downloading service for Verizon Online's consumer broadband subscribers -- "Verizon Online's consumer DSL and FiOS Internet Service customers can now purchase and download movies to watch at home or on-the-go through this special agreement with Movielink. The new service offers a full library of titles, including a special selection of hit films for 99 cents or less from Movielink, the first broadband video-on-demand (VOD) service to offer hundreds of major motion pictures for legitimate download. A broadband connection is required to download the movie, but once it's on their hard drive, users can view it at any time from home or on the road without being connected."
The Open Banking business model has been advantageous for Third-Party Providers (TPPs), helping them to extend their offerings into other areas of financial services with new capabilities. Open Banking is also advantageous for traditional banking institutions, despite the perceived loss of custodianship over their data, by providing greater accessibility to more bank services. Furthermore, Open Banking can help serve Mobile Internet providers that are able to leverage it to create tailored services according to customers’ preferences and/or economic limitations. Open Banking Market Development Since traditional banking services are made more convenient by TPPs via greater data access, customers can proactively manage their finances and shape the development of new financial offerings. This is particularly noticeable in the realm of Digital Payments, where retail merchants and customers transact through eCommerce, which has the greatest number of use cases for Open Banking. These includ