From Wikipedia, the free encyclopedia
Online intrusting (or Internet banking) completelyows customers to conduct financial proceedings on a secure website operated by their retail or practical(prenominal) bank, credit union or building society.
Contents [hide] * 1 Features * 2 History * 3 Security * 4 exit in like manner * 5 References * 6 External links|
[edit] Features
Online banking solutions fuddle many features and md capabilities in common, but traditionally also have some that are application specific.
The common features spend broadly into several categories
* Transactional (e.g., performing a financial transaction such as an account to account transfer, paying a line, wire transfer, apply for a loan, new account, etc.)
* Payments to third parties, including bill payments and telegraphic/wire transfers
* Funds transfers between a customers have transactional account and savings accounts
* Investment purchase or sale
* contribute applications and transactions, such as repayments of enrollments
* Non-transactional (e.g.
, online statements, cheque links, cobrowsing, chat)
* Viewing recent transactions
* Downloading bank statements, for example in PDF format
* Viewing images of paid cheques
* Financial fundament Administration
* Management of multiple users having varying levels of authority
* Transaction approval process
Features usually unique to Internet banking include
* Personal financial management support, such as importing data into personal accounting software. almost online banking platforms support account aggregation to allow the customers to monitor all of their accounts in one place whether they are with their main bank or with other institutions.
[edit] History
The precursor for the modern home online banking function were the distance banking services over electronic media from the early 1980s. The bourn online became popular in the late 80s and referred to the use of a...If you want to stick to a full essay, order it on our website: Orderessay
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