Preview

Internet Banking

Satisfactory Essays
Open Document
Open Document
280 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Internet Banking
Internet banking When was the last time you walked into a branch of your bank? Let me paint the picture for you! It is Friday evening and you just got off of work. Now you’re headed to the bank in order to deposit your paycheck. It’s a fairly routine process that all people have able to wait for a long time. However, when you actually arrive at the bank, you notice there’s a long queue line at the windows. It looks like you’ll be waiting a while before you can get home. Clearly anyone can see what’s wrong with this picture. No one wants to spend Friday evening in a line at bank. In the incredibly technologically advanced world that we live in today, it seems as though there is almost nothing that be done on the computer. Do you heard about internet banking? According to the 11th Malaysia Internet Survey conducted by ACNielsen (2001), internet banking is one of the most popular services utilized by Malaysian surfers. ACNielsen (2001) found that internet banking is expanding is expending in any Asian countries including South Korea, Malaysia, Hong Kong, Singapore, China and Taiwan. Internet banking is just one of the many options that we have available to us in this day and age. So,the benefits of internet banking are convenience, save time, excellent service, and cost effective. References: ACNielsen Online.(2001). AC Nielsen Online Taiwan online banking report . Available at : www.acnielsen.cm.tw/news.asp?newsID-38 The History of Online Banking And Its Projected Future Banking Online Security Authority A survey of electronic cash,electronic banking and internet gaming-report by


References: ACNielsen Online.(2001). AC Nielsen Online Taiwan online banking report . Available at : www.acnielsen.cm.tw/news.asp?newsID-38 The History of Online Banking And Its Projected Future Banking Online Security Authority A survey of electronic cash,electronic banking and internet gaming-report by Fincen.

You May Also Find These Documents Helpful

  • Better Essays

    Risky Situations

    • 2619 Words
    • 11 Pages

    Lima, T. (2004, Sep 13). Does online banking put your money at risk?. Retrieved from http://www.pcworld.com/article/117757/article.html…

    • 2619 Words
    • 11 Pages
    Better Essays
  • Good Essays

    Hsbc vs Lloyds

    • 931 Words
    • 4 Pages

    E-banking has become essential for banks in the last several years, mostly in developed countries. With the introduction of online banking, banks have been able to reach millions of customer’s that are not even in their geographical area and bring them a quick & easy way to check their statements, balances, view recent transactions and many more facilities that were not possible to do before, unless they went to the branch of their local bank. With this introduction, it brings the customer lots of advantages as opposed to before the launch of e banking, but with the advantages alongside indeed brings disadvantages.…

    • 931 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Hsbc-Internet Banking.

    • 7034 Words
    • 29 Pages

    The purposes of this report were to gather practical knowledge about corporate online banking as well as personal online banking system. It also gave us an opportunity to know about the experts who are leading and making strategic decisions to enhance the expansion of online banking in our country. With the set guidelines and proposal by our faculty and with the friendly cooperation of the staffs of HSBC, this report comprise of an organization and project part.…

    • 7034 Words
    • 29 Pages
    Powerful Essays
  • Powerful Essays

    Essinger, James, (1999) “The Virtual Banking Revolution”. The Customer, the Bank and the Future. 1st ed., International Thomson Business Press, London, UK.…

    • 5240 Words
    • 21 Pages
    Powerful Essays
  • Best Essays

    Introduction to Online banking has revolutionized the way people and business used to do banking. Online banking became an easier and comfortable method to carry out transactions as compared to the traditional banking practices. Moreover introduction to mobile banking has made possible for the customers to do transactions and other banking related operations, with the help of the mobile equipments, round the clock. However, the medium chosen for online banking is the internet and all the vulnerabilities of the internet apply for the online banking systems.…

    • 2802 Words
    • 12 Pages
    Best Essays
  • Good Essays

    Using automated teller machine has emerged for at least two critical reasons. The first one is that notion that it serves as a substitute path and network other than conventional branch channels for employees to contact banks. In this information technology generation, more and more employees, especially youth and teenagers who are considered to accept modern and advance technology easily, are accessing remote mediums-telephone banking and other forms of banking services which include desktop banking and other virtual banking-to carry out or conduct their financial operations and activities. These online users and customers and target market does not even need more management and administration over their personal finances while valuing their time as they can access this “anytime, anyplace, anywhere” with their customised access to financial services (Jordan and Kats, 1999).…

    • 843 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Electronic Banking

    • 1301 Words
    • 6 Pages

    Daniel, E. (1999). Provision of Electronic Banking in the UK and the Republic of Ireland. International Journal of Bank Marketing, 17(2), 72-82.…

    • 1301 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Saleh, Z. I., (2003) “An examination of the Internet security and its impact on trust and adoption of online banking”, Capella University…

    • 2016 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Information technology which is the foundation of modern electronic banking through desktop computers and terminals provide the tools for delivery of new products and innovations characterized by ATM’s cash dispensers, credit and cash card, information technology through electronic banking is radically changing how banking is done all over the would. The volume and speed of banking transactions has improved tremendously as a reject of the growth of electronic banking which has created a lot of changes and business opportunities for banks. What used to be termed electronic data processing has been transformed into electronic banking through…

    • 2180 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    A German industrialist Dr. Wilhelm von Siemens proposed the concept of VAT in 1918. And, it was first introduced by Maurice Lauré (Joint Director of the French Tax Authority, the Direction générale des impôts) in 1954. Over 130 countries worldwide have introduced VAT over the past three decades and India is amongst the last few to introduce it. In France, it is the most important source of state finance, accounting for nearly 50% of state revenues. At the beginning, VAT was only applied to large businesses but over time it was extended to include all business sectors.…

    • 1328 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Assignment on Online Banking

    • 3569 Words
    • 15 Pages

    He said, “37 banks are providing all-out online service, while six are getting preparations to provide online service. Almost 79 percent institutions are under online service now.”…

    • 3569 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    Online Banking

    • 3136 Words
    • 13 Pages

    In this age of Information Technology all the fields of life are being affected by new inventions and innovations. Almost all kind of organizations are steeping into the field of IT, in an effort to increase their productivity and expand their customer bank. Same goes for the Banking Sector. Today all the banks of the world are adopting the tool of On-Line Banking. Since it is the easiest way of banking yet lesser time consuming, the world has gone for it.…

    • 3136 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    E-banking

    • 1317 Words
    • 6 Pages

    Round the clock Banking: E-Banking facilitates performing of basic banking transactions by customers round the clock globally.…

    • 1317 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Online Banking

    • 1266 Words
    • 6 Pages

    The summary of a survey conducted in order to find the awareness and usage of Online banking.…

    • 1266 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Online Banking

    • 8705 Words
    • 35 Pages

    This 'Online Banking' Project is a model Internet Banking Site.This site enables the customers to perform the basic banking transactions by sitting at their office or at homes through PC or laptop. The customers can access the banks website for viewing their Account details and perform the transactions on account as per their requirements. With Internet Banking, the brick and mortar structure of the traditional banking gets converted into a click and portal model, thereby giving a concept of virtual banking a real shape. Thus today's banking is no longer confined to branches. E-banking facilitates banking transactions by customers round the clock globally.…

    • 8705 Words
    • 35 Pages
    Powerful Essays