Internet Banking
Internet banking, which is also known as online banking has changed the way banking business conducted all over the world. Banking transactions can be executed at any time and from anywhere. You can retrieve account balances for time deposits and other banking services are available in sitting at home or at work. Unlike the past where people had the time to visit a bank jostling, they are now just a computer to conduct their regular banking transactions.
Online banking has also been a boost for e-commerce. The banking sector in cooperation with the Government have formulated a set of rules and laws to curb online fraud. Moreover, to decide strictly confidential, and the assignment of pin codes and login IDs of online banking and electronic instruments, such as receive debit and credit cards. The banks have also made it mandatory for a customer-related security measures to protect their online bank accounts. For example, it is mandatory for customers to change their login data on a fortnightly or monthly. All together, these initiatives have instilled faith and confidence in people over the Internet to handle.
People today are increasingly implementing online buying and selling transactions primarily in the areas of services. Thus, for example, online booking of movie tickets a common feature. Maximum load at special days such as Valentine's Day and Diwali, greeting cards and flower bouquets Web sites to witness visitors want to send online greetings and Strauss for delivery to an address in advance. All this was made possible by fast and reliable Internet banking.
In order to secure online banking, you can also take measures, like installing an anti-virus and firewall to secure your PC from hackers. This is because hackers usually falls it easier for a personal computer at home, rather than breach of a high-security computer access banking.
Internet banking was introduced in the 1980s but only gained momentum in the 1990s. Bank customers initially started with online services for simple transactions like checking account balances, and electronic transfer. More participation, banks initially provided the services free of charge and conducted training programs for people to live as use internet banking. In India, ICICI Bank was the first institution to launch it under the name "Infinity".
Online banking also provided time for banks, as it has reduced the daily exposure of customers to visit them and easier for smaller transactions such as issuance of account statements.
Online banking has also been a boost for e-commerce. The banking sector in cooperation with the Government have formulated a set of rules and laws to curb online fraud. Moreover, to decide strictly confidential, and the assignment of pin codes and login IDs of online banking and electronic instruments, such as receive debit and credit cards. The banks have also made it mandatory for a customer-related security measures to protect their online bank accounts. For example, it is mandatory for customers to change their login data on a fortnightly or monthly. All together, these initiatives have instilled faith and confidence in people over the Internet to handle.
People today are increasingly implementing online buying and selling transactions primarily in the areas of services. Thus, for example, online booking of movie tickets a common feature. Maximum load at special days such as Valentine's Day and Diwali, greeting cards and flower bouquets Web sites to witness visitors want to send online greetings and Strauss for delivery to an address in advance. All this was made possible by fast and reliable Internet banking.
In order to secure online banking, you can also take measures, like installing an anti-virus and firewall to secure your PC from hackers. This is because hackers usually falls it easier for a personal computer at home, rather than breach of a high-security computer access banking.
Internet banking was introduced in the 1980s but only gained momentum in the 1990s. Bank customers initially started with online services for simple transactions like checking account balances, and electronic transfer. More participation, banks initially provided the services free of charge and conducted training programs for people to live as use internet banking. In India, ICICI Bank was the first institution to launch it under the name "Infinity".
Online banking also provided time for banks, as it has reduced the daily exposure of customers to visit them and easier for smaller transactions such as issuance of account statements.
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