by Mark Arnold

We took our family vacation this year to New York City. Broadway shows. Empire State Building. Statue of Liberty. Wow – everything moved so fast. It reminded us of a few lines from the popular 1989 Don Henley / Eagle’s tune New York Minute.

In a New York Minute, everything can change …
In a New York Minute, things can get a little strange …
In a New York Minute, everything can change …

Replace the words “New York” with “Internet” and you get a just as apt and even more startling look at the online cultural phenomenon in 2013. Consider the following statistics about what occurs on the global internet every sixty seconds:

• More than 204 million emails are sent
• Amazon rings up about $83,000 in sales
• Around 20 million photos are viewed and 3,000 uploaded on Flickr
• At least 6 million Facebook pages are viewed around the world
• More than 61,000 hours of music are played on Pandora
• More than 1.3 million video clips are watched on YouTube

What does this mean for your bank or credit union?

Everything.

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