Online Banking History
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The history of online banking dates back to 1995 where the Presidential Savings Bank gave the option of viewing the account balances and transactions online for their customers. Today every major banks have the online checking accounts facility. There are many advantages for the customers to do banking through internet. It provides facility to handle the finance at one's own pace other than business hours also.
Let's face it, banks do not have the best hours. Many people are at work when their bank is open and get off work after their bank is closed. This makes it very difficult for these people to take care of their banking. While some bank branches do have limited Saturday hours, this is usually an extremely busy time to go to the bank. Rather than waiting in long lines, you can handle your financial transactions online, any time of the day or night. Online transactions take about as long as an ATM transaction would thanks to the fast speed of the Internet. The faster your computer is, the faster your transactions will be.
Also, online banking can be done anywhere in the world that offers a computer with Internet access. This means if you are away from home you can still manage your bank accounts and view your information. In addition, you can sign up for alerts that tell you when automatic deposits or withdrawals are made, or when your account hits a certain balance. These alerts can be sent to you via email, telephone or mobile phone. Today's advanced technology makes even makes it possible to connect to your accounts via mobile phone with Internet access. You can even pay your bills online without ever having to write a single check or mail a single envelope.
Security is another important part of online banking history. In the early days, it may have been easy for a skilled hacker to get into bank accounts, but no more. Today's banks have extremely sophisticated security systems that no one can crack. They use 128-bit encryption and a variety of other security methods to keep your information safe. Online banking has certainly come a long way in the past ten years. With so many features and benefits, it's no wonder so many people these days are turning to online banking as a way of managing their finances.
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| Inter-bank rates down as lending rose in February - Businessday Online The $2.0 billion excess liquidity, N329 billion fiscal injection and the N95.76 billion matured bills that were paid into the system in February helped to keep liquidity in the system, thus forcing inter-bank lending to moderate downwards. But the ... | ||
Market Wire - Trustcash Begins Testing of the Trustcash Direct; Direct Payment Technology March 3, 2010 -- TRUSTCASH HOLDINGS, INC. ("TRUSTCASH") (PINKSHEETS: TCHH) today confirmed that it has successfully tested its new direct pay service, Trustcash... | ||
Online Banking to Support Your Financial Activity | Business and . Online banking and virtual bank offers several activities such as electronic payment, online money loan, online investment, and online transfer activity. For those who want to do those kind activities above, we just need to submit ... | ||
House Seeks Reversal of CBNs Policy on Bank CEOs - This Day Online The House of Representatives Comm-ittee on Capital Market has asked the Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi to reconsider his new policy banning retired chief executives of banks from being members of the board of ... | ||
Online Banking Solutions Joins Panel at Global Concepts' Cash Management Forum (Business Wire via Yahoo! Finance) ----Online Banking Solutions: What: At Global Concepts upcoming Cash Management Forum, Scott Graf, vice president of systems and development of Online Banking Solutions , will participate in a panel, EURLayered Security: Strategies for Success,EUR to discuss strategies to mitigate Internet fraud... | ||
Icelanders reject full repayment to British, Dutch caught in bank collapse (Washington Post) LONDON -- Icelanders this weekend resoundingly rejected a plan to reimburse overseas depositors after the failure of an online Icelandic bank, a rare public referendum on the repayment of a foreign liability that could fuel further concerns over debt problems in Europe... | ||
Internet Banking ? Online Banking adds dimension to the Banking . The concept of Internet Banking rose from Global Financial Houses whose primary objective was to ensure that customers were tuned to their... | ||
Chattanooga Times Free Press - Pianist in Monroe, Cumberland counties March 5, 2010 -- Staff Report Steinway artist Emile Pandolfi will make two stops in Southeast Tennessee next week. With almost 30 recordings in... | ||
Iceland's voters vent anger over bank deal - Financial Times
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'Alice' opens with $116.3 million, a 3-D record - Beaver County Times Tim Burton and Johnny Depp's trip down the rabbit hole drew huge crowds, as "Alice in Wonderland" earned a whopping $116.3 million in its opening weekend _ a record for a 3-D film. The surprisingly huge total easily surpassed all other films in ... | ||
Stepping out (Chattanooga Times Free Press) ACUPUNCTURE WORKS INC. * Resource Coordinator: Plan collaborations, outreach and/or social media. * Fiscal Officer: Handle routine banking, prepare budget and projections. * Research Assistant: Online liaison, run database searches for corroborative doc.. | ||
Fraudsters Bank on Business Accounts: How to Protect Your Funds Online - CSO
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The Best and Newest Features of Internet (online) Banking | News World Do you still queue up in the bank to pay your credit card bills or patiently wait for your bank statement to arrive in the mail? Welcome... | ||
Bank of America CEO Brian Moynihan to Present at the Citi 2010 Financial . - CNNMoney.com (press release)
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Sallie Mae Jumps Into Online Banking - Forbes (blog)
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