This website uses cookies to ensure you have the best experience. Learn more

Online Banking Essay

873 words - 4 pages

The aim of this report is to assess and to compare the development of e-banking solutions by financial institution with a local approach. Online banking or Internet banking or E-banking allows customers of a financial institution to conduct financial transactions on a secured website operated by the institution, which can be a retail bank, virtual bank, credit union or building society. In 2014, around 69 million American citizens bank online on a regular basis, and 81% of the ones who managed household finances have banked online at least once in the last couple of months, according to the Pew Research Center, and institution dependent on the Federal Reserve.

In the light of this data, ...view middle of the document...

Finally, it is remarkable the stress that Wells Fargo and PNC put in online brokerage, making customers able to obtain real time information about the stock market and monitor their portfolio no matter where they are. Especially remarkable is PNC’s Pinnacle Express, a tool that integrates personal finance and online investment in a single software solution.

Online banking can become useful for Businesses, and the institutions selected offer a wider range of tools to attract new business customers and to ease management’s day-to-day tasks. Bill payment and money transfer are their most popular improvements. An interesting feature that came to our attention when preparing this report is the possibility to crate user levels to the account, so managers can decide what information and what transactions will be available for each employee with access to the firm’s statement.

With reference to their payment scheme, the most widely spread formula consists on a standardized set of services, that are generally free for customer. However, all of them have a fee policy that charges customers for Money transfers or bill payment. With respect to businesses, costs tend to rise up a little bit as these solutions are expected to have a more intense and continuous use by managers than by individual customers. In this same area, is interesting how First Citizens Bank offers a Basic plan for businesses at no charge and an advance plan that includes extra features such as international wire transfer and the possibility to add multiple accounts; at a charge of $50.00 monthly.

Last but by no means least, this report also aimed to throw some light into the Online Banking solutions provider’s...

Other Papers Like Online Banking

Phising And Online Bank Fraud Essay

3597 words - 15 pages PHISHING & ONLINE BANKING FRAUD By, Aditya Ravishankar 5-BBA-LLB ‘B’ 1216452 School Of Law, Christ University TABLE OF CONTENT 1. Abstract ...2 2. Introduction ...3 3. Statement of Problem ...3 4. Scope and Objective ...3 5. Fraud …4 6. Online Banking …5 7. Banking Fraud using Technology …6 8. Cyber Crime & Online

Internet Banking Essay

1244 words - 5 pages Internet Banking (Fig. 1) is a product of e-commerce in the field of banking and financial services. In what can be described as B2C domain for banking industry, Internet Banking offers different online services like balance enquiry, requests for cheque books, recording stop-payment instructions, balance transfer instructions, account opening and other forms of traditional banking services. Mostly, these are traditional services offered

Internet And It's Affect On Business

2157 words - 9 pages banking industry. The advancements of the internet allows for many different banking resources such as online companies, personal online banking and mobile banking. Some companies solely provide online products such as loans, credit cards, and deposit accounts. Many companies provide partial or complete online access to their customers to manage accounts. In addition, new features also allow customers to access and manage their accounts from

Legal Implication Of Ecom

744 words - 3 pages branches. Banks like Bank of Ireland, Halifax, Ulster Bank under Royal bank of Scotland have suffered a huge lost due to internet scams and technical problems that caused their customers been over charged and database been tampered. The most important form of e-business used by banks is the online banking which has help cut down cost. E-business has enabled banks to redefine their boundaries and also gained competitive advantage through it

Tb Folsifulous Mang

6476 words - 26 pages Bangladesh. The Internet Service Providers (ISPs) through the use of VSAT have not shown any substantial progress. Current Situation of Internet Banking in Bangladesh There are three aspect to what is broadly called online banking, otherwise known as PC banking, internet banking, or electronic banking. Banks need communication infrastructure, network security, high speed backbone, internet connectivity through fiber-optics cable, bank host software

A Project Report On International Business

9066 words - 37 pages ✓ Doorstep Banking allowing pickup and delivery of cash and instruments ✓ CMS Services ✓ Corporate Net Banking with bulk upload facility ✓ Flat and aggressive transaction charges for Pay Orders, Demand Drafts, RTGS, Online RTGS, Foreign Outward Remittances (non-trade) CA 70 Features ✓ Swift & Convenient Cheque Collections at YES Bank Locations as well as 2500 Correspondent Bank Locations ✓ AQT/AQB Criterion for

Economic Researcher

293 words - 2 pages will be sent to the branch and HQ to inform the employees. The bank will send data to the main server that updates the main ERP system and thereby also the ERP branch software. Customers It is a must for customers to be able to use a web application that gives them the opportunity to pay online and have an overview of their profile. Each customer has its own account that can be used to log on the website. An online chat gives them a fast

Pc Case Study

369 words - 2 pages research new audio, video and photo editing methods 7. Print documents to include photo quality color printing 8. Save documents to a pdf and other image formats 9. Transfer information (audio, video and photos) between PC machines 10. Manage schedule by using an online calendar and day planner 11. Conduct Internet activities including online banking, online purchases and research utilizing a broadband

English Ii

1404 words - 6 pages Amber Wells Ac 1010637 Assignment 7 English Comp II 7/7/2013 Online Shopping Vs. Traditional Shopping Humans have several different beloved past times such as sports, vacations and entertainment. One of the oldest and most enduring is shopping which encompasses shopping for necessity and shopping for pleasure. Advancements in technology have allowed humanity to purchase items online through the Internet. The purpose of this essay

Technology

450 words - 2 pages your smartphone which give access to communicate with all major sectors. Such as, online shopping, online banking,online transportation (Uber), rent reservation for apartments (Airbnb) and many more. For instance, a person does not need to go to a bank to pay their bills or transfer money. They can just do so with a click of a button from the comfort of their home. People are more satisfied with these new applications due to it being less time

Westpac

2806 words - 12 pages their consumer preferences and investment behaviors, which leads Westpac to change asset structure (KPMG, 2011). With respect to technology, advanced technological revolution promotes online services and mobile banking which is more convenient and time-saving, private information security, however, should be considered. Regarded to environment, although climate changes and carbon emission need the company renew its equipment to improve efficiency

Related Essays

Title Essay

667 words - 3 pages familiar to usage of technology are more likely to shift to E Banking. | | | | | | V: Security | Strongly Disagree | Disagree | Neutral | Agree | Strongly Agree | 1. People using one on one traditional banking find it more secure. | | | | | | 2. Password controlled online accounts are secure. | | | | | | 3. Online Transfer of money is more secure than physical money transfer. | | | | | | 4. Advent of

E Banking Essay

2243 words - 9 pages | E – COMMERCE STRATEGY–CMH520 | GROUP WORK | JENNIFER KIUGUEVANS ODERO 1009983E-Banking"Discuss E-banking". | Table of Contents 1. INTRODUCTION 2 2. History of E-Banking 3 3. Forms of e-banking 4 i. Automated Teller Machines (ATM): 4 ii. Mobile/SMS Banking: 4 iii. Smart Card/Debit Card: 5 iv. Internet Banking/ Online Banking: 5 v. Self Service PC Banking: 6 4. Why the drive towards e-banking 7 REFERENCES 11

Green Banking Essay

417 words - 2 pages in Banks, Online Banking and Green Banking, Energy Efficiency, Paper Saving, Water Saving, Waste Management in Banks. e. Product Ecology, Green Financing of Banks, Carbon Finance, Designing Green Project, Green Finance in Different Sectors-Environmental and Eco-friendly Project, Water Pollution and Restoration, Air Pollution and Control, Solid Waste Treatment, Programmed Forestry and Conservation of Biodiversity,  Risk Identification and

Bank Of America Essay

1902 words - 8 pages eventually increases loyalty and engagement. As a result, the relationship with customers will become stronger, and new customers will be likely to join BofA because of its complete service. The associate costs and risks would be the security for mobile banking. Similar to the threats we see in the traditional online banking, such as phishing attacks and spyware, while other threats would be thieves getting hold of a customer’s device. While