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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

What are the major advantages of electronic banking services?

Summary Introduction

To determine: The major advantages of electronic banking services.

Introduction: Electronic banking is an account of use of computers and telecommunications to empower online banking operations to be finished by phone or computers as opposed to through human connection.

Explanation

The major advantages of electronic banking services are as follows:

  • Customers approach automatic teller machines (ATMs) in an extensive range of areas consistently of the day or night.
  • Automated clearinghouses (ACHs) empower employees' salaries or other payment like Social Security to be deposited directly to a customer's record, with no requirement for an outing to the bank...

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