Online Banking History

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.
Online Banking News:
Information About Bank Foreclosure and the Helpful Foreclosure .
A bank foreclosure is a home or a property owned by banks or lenders as a result of foreclosure and put into public auction. Foreclosure is a...


Washington Banking Company Earnings Increase Over 400% to $4.2 Million, or $0.27 Per Share in 2Q10; Operating Profits .
OAK HARBOR, Wash. -- Washington Banking Company , the holding company for Whidbey Island Bank, today reported that its core banking business generated strong operating profits in the second quarter of 2010 augmented by the FDIC-assisted acquisition of City Bank of Lynnwood, which was immediately accretive to earnings...


Wireless News - Fiserv Launches ZashPay Person-to-Person Payments Service
July 27, 2010 -- Fiserv, a provider of financial services technology solutions, announced the launch of ZashPay, a person-to-person (P2P) payments service...


Bank of America Extends $45.4 Billion in Loans to Small and Medium-Sized . - MarketWatch (press release)

Bank of America Extends $45.4 Billion in Loans to Small and Medium-Sized .
MarketWatch (press release)
Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products .
Bank of America Corp (NYSE: BAC) Suffers from Online Banking OutageAmerican Banking News
Aggressive paperless move by Bank of AmericaFierceFinance

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Fiserv Enables Online Banking Transformation for The Westpac Group - MarketWatch (press release)

Fiserv Enables Online Banking Transformation for The Westpac Group
MarketWatch (press release)
The Westpac Group is the second largest bank in Australia by market capitalization. "The Westpac Group intends to provide online banking services that are .

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Financially Fit: Online banking expands to help manage your money
CLEVELAND -- More people are taking advantage of the convenience of online banking today. In fact, across the country, 25 percent of people go online as their primary method for banking...


Online Banking Trojan Stole Money From Belgians
hankwang writes "Belgian authorities uncovered an international network of online banking fraud (Google translation; Dutch original), which has been going on since 2007. The fraud targeted customers of several major banks, which used supposedly secure two-factor systems that require the customer to generate authorization codes from transaction information (random code and amount or recipient's ...


Fiserv Enables Online Banking Transformation for The Westpac Group
BROOKFIELD, Wis.----Fiserv, Inc. , the leading global provider of financial services technology solutions, announced today that The Westpac Group, headquartered in Sydney, Australia, has selected online consumer, business banking and corporate services from Fiserv to power the banks Online Transformation Program...


Mail on Sunday (London, England), The - Grasping drug firms should be taxed like the banks; LETTERS
July 25, 2010 -- I was interested to read The Mail on Sunday's investigation into how drug companies are profiteering from making everyday medicines for the...


PFM And The Online Banking Hierarchy « Marketing Tea Party
Picture a Maslow's hierarchy of online banking: Towards the bottom of the pyramid is basic access to accounts: getting your account balances, transferring funds. Go another level up, and perhaps we can put online bill pay on that level. ...


Business Wire - T8 Webware Reports Record Year Over Year Growth, Expanded Geographic Reach
July 26, 2010 -- T8 Webware, an Iowa-based financial Web strategy firm, ended the first half of 2010 with record revenue and customer growth compared to 2009's...


Asian Shares Rise on Surge in U.S. Home Sales, but Decline in Retail Sales is . - DailyFinance

Reuters India
Asian Shares Rise on Surge in U.S. Home Sales, but Decline in Retail Sales is .
DailyFinance
In China, banking shares closed lower, dragging the major index with it. Industrial & Commercial Bank of China fell 1.2%, Merchants Bank dropped 1.1% and .
New broom for state finance armsShanghai Daily

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European Stocks Close Higher On Positive US Home-Sales Data - Wall Street Journal

Washington Post
European Stocks Close Higher On Positive US Home-Sales Data
Wall Street Journal
Despite a fair amount of criticism over the stringency of the European stress tests, banking stocks managed to post the biggest gains, with the Stoxx Europe .
World stocks mixed on Europe bank test resultsNewsday (subscription)
Asian stocks up on results of Europe's bank testsistockAnalyst.com (press release)
Asian Shares Higher On Relief After European Bank Stress TestsWall Street Journal

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US Stocks Fluctuate Between Gains, Losses On Mixed Data - Wall Street Journal

US Stocks Fluctuate Between Gains, Losses On Mixed Data
Wall Street Journal
UBS jumped 7.8%, and Deutsche Bank advanced 3.2%. Also serving as a source of encouraging, the S&P Case-Shiller home-price indexes released Tuesday showed .
US Stocks Edge Down, Weighed By Mixed Earnings, DataWall Street Journal
US Stocks Fluctuate As Investors Digest Mixed Earnings, DataWall Street Journal

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Associated Credit Union: Online banking User Guide | B4tea.com
Associated Credit Union (ACU) provides Online banking facility to the account holders. Read our internet banking user guide to know the features and facilities provided in online account...



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