Essay - Internet Banking Research Context Electronic or Internet Banking Has Become...


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Internet Banking

Research context

Electronic or Internet banking has become one of the fundamental phenomenon that come to mind when one ponders on the present and future ***** banking. The general assumptions is ***** electronic banking has been a relatively new concept and that it will soon take over ***** complement numerous means of deliverance of retail *****. The phrase electronic banking as employed here indicates any banking interest utilized by electronic channels. It comprises au*****matic teller machines (ATMs), automatic call centers, digital currency, Internet banking, screen phones, etc. These means ***** deliverance can be ***** for presenting and payment of bills, buying as well ***** selling securities, moving funds, along with offering additional financial services and products.

Internet ***** can be utilized for retail as well as business-to-business (B2B) dealings, along ***** easing large-dollar movements. Just as important, internet ***** has ***** a global trend. As ***** expression is utilized here, it compr*****es transactions. A number of institutions provide web sites that offer data in relation to their services but do not permit transactions. These would not be enclosed under the meaning of "Internet banking." On ***** other hand, web ***** that have ***** transactional have been considered "Internet *****."

Electronic banking and the ***** in most cases are empowering a ch*****nge in the way banks and other companies manage and the ***** they look upon themselves. As DeYoung (2001) reports, "Most banks ***** thrifts that operate over the Internet use a click and mortar business strategy, maintaining traditional networks ***** brick and ***** branches ***** with their transactional websites. Only a small number of banks and ***** have completely aban*****ned physical ***** in favor ***** a pure play Internet business *****, relying exclusively on transacti*****al websites ***** deliver banking services. As of mid-year 2000, less than two dozen of these virtual banks ***** thrifts were operating in the U.S., and *****ir market penetration rates were in the low s*****gle digits. Various surveys report that Internet -only ***** have captured less ***** 5 percent of the U.S. online banking *****, and less than 1 percent of all Internet banking customers consider an Internet -only bank or thrift to be their primary *****." Furthermore, a change is happening from perpendicular incorporation to virtual incorporation. Banks and other financial institutions ***** started understanding and strategizing their ***** ***** provide ***** in*****mation to their customers. *****, the Internet ***** made it realistic for both customers as well as suppliers to come together to communicate vital business information.

***** the fact ***** ***** banking can offer an extensive variety of fin*****cial services, they have several drawbacks ***** comp*****d ***** traditional banks when it comes to clients making depos*****s as well ***** taking cash—which provokes the subject of expediency. Nonetheless, supporters of Internet banking maintain that it is quicker, *****tter, as well as cheaper ***** traditional banking. Quicker/better/cheaper has turned out ***** be the tune ***** "Internet Banking," while anything, anytime, anyw***** has ***** out to be the song of the clients. Many analysts

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