Wednesday 8 August 2012

What Is An Electronic Banking?

Electronic banking (e-banking/virtual banking/online banking), is a convenient way of using a bank's information to transact from a remote location using the internet making payments, transferring funds, making deposits or withdrawals etc. The main objective of electronic banking is to get rid of inconveniently coming to a bank and wait for your turn in long line to talk with the cashier or teller. 


Electronic banking was first introduced in the 1970's and the (ATM) automatic teller machine was the first innovation made by this concept.



Personal computers and laptops with internet access are the primary devices to gain access in the bank's system to make online transactions.

Now, even on smartphones and tablets, deals can be made reliably, safely and conveniently. You can now view your account anywhere in the globe.
 
For more and understanding of e-banking, you can find more information in this website.


Image Sources:
acb-bank.com 
blogspot.com
itnewsafrica.com
googleusercontent.com

No comments:

Post a Comment