WILMINGTON, Del. -- Juniper Financial, the online banking venture started by Bank One Corp. veterans Richard W. Vague and James Stewart, will announce today that it has formed an alliance with Mail Boxes Etc. that will let Juniper's future customers make deposits at the mailing company's franchise offices.
Account holders at Juniper, which is to be up and running this fall, would be able to send noncash deposits by overnight mail at nearly any Mail Boxes Etc. branch without paying postage costs. The arrangement is meant to solve a problem that plagues online banks -- how to let customers deposit funds quickly and safely.