e-banking is defined as the automated delivery of new and traditional banking products and services directly to customers through electronic, interactive communication channels. E-banking includes the systems that enable financial institution customers, individuals or businesses, to access accounts, transact business, or obtain information on financial products and services through a public or private network, including the Internet. Customers access e-banking services using an intelligent electronic device, such as a personal computer (PC), personal digital assistant (PDA), automated teller machine (ATM), kiosk, or Touch Tone telephone. While the risks and controls are similar for the various e-banking access channels, this booklet focuses specifically on Internet-based services due to the Internet’s widely accessible public network. Accordingly, this booklet begins with a discussion of the two primary types of Internet websites: informational and transactional.
Web Banking or Internet Banking is a term used to describe banking transactions that are performed via a secured Internet application. Web Banking transactions include such things as paying bills, transferring funds, viewing account statements and paying down loans and mortgages.
Although Web Banking has been popular among young Internet-savvy people for many years, its popularity is expected to grow rapidly as Internet usage grows internationally and people discover the many advantages that it provides.
Web-Banking.org provides an overview of Internet Banking. It discusses conventional and virtual banks, e-banking services, Internet security and the cost/benefit considerations. Whether you are a complete novice to e-banking or an experienced web banking user wising to expand your knowledge, this site will provide new insights.
The large, established "brick and mortar" banks introduced Internet Banking services in the mid 1990s. Because access to the Internet was limited,... [continues]
Cite This Essay
(2008, 06). E- Banking. StudyMode.com. Retrieved 06, 2008, from http://www.studymode.com/essays/e-Banking-152786.html
"E- Banking" StudyMode.com. 06 2008. 2008. 06 2008 <http://www.studymode.com/essays/e-Banking-152786.html>.
- MLA 7
"E- Banking." StudyMode.com. StudyMode.com, 06 2008. Web. 06 2008. <http://www.studymode.com/essays/e-Banking-152786.html>.
"E- Banking." StudyMode.com. 06, 2008. Accessed 06, 2008. http://www.studymode.com/essays/e-Banking-152786.html.