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:
Glitches in online services and debit card activations (Cape Coral Daily Breeze)
Some former customers of the defunct Riverside Bank of the Gulf Coast were left unable to complete transactions last weekend as TIB Bank, which took over Riverside in February when it failed, moved Riverside accounts into its banking system...


Senior Chinese official meets HK bankers, vowing to enhance financial cooperation
Chinese Vice Premier Huang Ju on Wednesday promised sustained support for Hong Kong banks in the Chinese mainland in a meeting with a group of HK banking executives in Shanghai EURŠ..


Audiotex Update - ACCEL INDIA MAKES INVESTMENT IN CA PAYMENT FIRM ENSTAGE.
July 1, 2009 -- Accel Partners, India, a leading venture capital firm, has announced an investment in enStage, Inc., a Cupertino, California based provider of...


Bank of America Online : Bank of America Online Banking | Wide Trends
Bank of America Online: There are lots of searches today for Bank of America and Bank of America Online Banking. Bank of America was the top underwriter of US mortgage-backed securities for the first half of 2009, a survey showed...


Security firms clash over phishy e-mails
EURŠ online banking users into divulging their log in details EURŠ..


MoBank To Launch Mobile Banking Service With NTT Europe Online (Banking Business Review)
Agnitio is a privately owned company with venture . Cryptomathic is one of the world's leading provide ...


Business Wire - SkyPostal Networks To Co-Market GlobalShop Online Shopping Facilitator to American Express Cardmembers in Israel with Poalim Express
June 25, 2009 -- MIAMI -- SkyPostal Networks, Inc. (OTCBB:SKPN), the largest private postal network in Latin America, today announced that it has entered...


MoBank to Launch Breakthrough Mobile Banking Service With NTT Europe Online (PR Newswire via Yahoo! Finance)
NTT Europe Online is providing a bespoke hosting platform for a new mobile banking service, MoBank, which launches on 6th July 2009. MoBank - the brainchild of ex First Direct and Egg bankers, Steve Townend and Dominic Keen - is a brand new service that works with your existing bank account to let you buy and pay for items using your mobile phone...


Credit Repair tip #74 | Consider Online Banking Or Telephone .
If you have trouble getting your payments in on time, consider online or telephone banking. This simple system is now available from virtually revery...


Investment And Money Matters
Online banking is easy and convenient and has improved globalization, but it is also as risky as any other form of banking. To better protect your investment and money, joining the institution that is well insured against bankruptcy can ...


HSBC online banking goes off the wall - The Register
Many HSBC customers are currently struggling to access the company's online banking system. In the past few hours a number of Register readers have complained that they were unable to log on to the service. Some were greeted with the bog standard web ...


Checking in
EURŠ online banking services use an intrusion detection service, up from 38 percent a year ago. Nearly half use intrusion-prevention software, up from 25 percent in 2005. Nearly three of every EURŠ..



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