Online Banking Essay

ONLINE BANKING Online banking also referred to as internet banking, uses the internet as the delivery channel by which one uses to conduct banking activities. Online banking will allow an individual to manage his accounts by doing the following activities; make payments, view accounts and inquire about the balances, apply for credit cards and loans electronically. In order to access accounts online, one should have browser software installed in their computers. This software will run the online banking

Factors influencing online banking acceptance: 1. Security: (Joseph; Stone, 2003) have said that the internet deals with a huge number of various financial transactions like customer payments, securities transactions applications for insurance acquisitions or loans. The result of the intention of the internet is to be an open network which means a high security risks are implicated with financial transactions. Today, different techniques and standards are presented in order to control these risks

2.2 Fraud risks in online banking The threat landscape The section above traced the evolution of the banking industry’s adoption of IT based innovations with the aim of offering a suite of products and services to delight their retail and corporate customers and to gain cost reduction and market share. Whilst these developments have grown the market universe exponentially it has also created opportunities for crime syndicates and fraudsters to take advantage of the wider canvas and customer ignorance

Is online banking a good thing or a bad thing? Online banking is now a part of almost all the banks in the developed world, and even banks in developing countries, and in tax haven countries, are getting online. They are reacting to market demand, and since demand is so high, it is fair to say that online banking is currently a good thing and that it is probably here to stay unless there is a large security breach that shatters people’s confidence in online banking. Here are the pros and cons of

ANALYSIS OF ONLINE BANKING USAGE INTENTIONS: AN EXTENSION OF THE TECHNOLOGY ACCEPTANCE MODEL By Amin, Hanudin Publication: International Journal of Business and Society Date: Wednesday, July 1 2009 ABSTRACT Purpose - This study is aimed at investigating the factors influencing the online banking acceptance in Kota Kinabalu, Northern Borneo, Malaysia. Design/methodology/approach - This study applies technology acceptance model (TAM) as the base model in to investigate the online banking acceptance

Secure Online Banking System Mukthadir Hussain Choudhury School of Computing, Informatics and Decision Systems Engineering Arizona State University Tempe, AZ – 85281 mukthadir.choudhury@asu.edu Abstract This report deals with the development and deployment of a Online Banking System which is highly secure and can be accessed from anywhere by entering the URL https://cse545group4.vlab.asu.edu/SecureOnlineBanking. The banking system consists of a system administrator, regular bank employees,

creation of the internet, the banking sector is no exception. The creation of value-added services through the internet such as online transactions and online banking, the traditional landscape of banking has been transformed to new lengths. Day to day banking and similar financial transactions through the digital medium have positively affected the live of many due to the derived benefits such convenience to complete financial transactions at their leisure. Banking institutes are often associated

Service Quality of Online Banking in UK INTRODUCTION Global internet access was over 100 million people in December 2005, presenting innovative advertises for internet-based services like internet banking. Since the new millennium, internet banking has knowledge of volatile expansion in various countries and has changed traditional banking practice. Introducing internet banking services, traditional financial organizations search for lesser operational outlay, develop consumer banking services, keep

people will pay. Online Banking is also one of the innovations especially in economics field. Online banking had and having huge impact on society and individuals. It also affects to economy as well as small and large businesses because online banking changed the way people make payments from one decade ago. Online banking is even faster than bank machines and it made payments easier. There are many reasons why people were influenced by online banking. Firstly, online banking is available during

Easier. All of these words showcase the obsession consuming the minds of both entrepreneurs and consumers over the past ten years. Not only have businesses and products been affected by this obsessive mindset, but also the financial industry. Online banking, banking apps, and the increasing popularity of credit cards have all shown how convenience and easy accessibility have been a crucial priority in defining the financial industry. However, these qualities have had benefits as well as drawbacks that