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

Copyright Notice

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 that electronic banking has been a relatively new concept ***** that it will soon take over ***** complement numerous means of deliverance ***** retail banking. ***** 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 of deliverance can be ***** for presenting and payment ***** bills, buying as well as selling securities, moving funds, along with offering additional financial services and products.

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

***** banking and the ***** in most cases are empowering a ch*****nge in the way banks ***** 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 of brick and ***** branches along with their transactional web*****. Only a small number ***** banks and ***** have completely abandoned physical ***** in favor of a pure pl*****y Internet business *****, relying exclusively on transacti*****al websites to deliver banking *****. As of mid-year 2000, less than two dozen ***** these virtual banks and thrifts were operating in the U.S., and *****ir market penetration rates were in the low single digits. Various surveys report that Internet -only ***** ***** captured less ***** 5 percent of the U.S. online banking *****, ***** less than 1 percent ***** all Internet ***** customers consider an Internet ***** bank or thrift to be their primary *****." Furthermore, a change is happening from perpendicular incorporation to virtual incorporation. Banks and other financial institutions have started understanding and strategizing their business ***** ***** financial in*****mation to their customers. *****, the ***** has made it realistic for both customers as well as suppliers to come *****gether to communicate vital ***** information.

Despite the fact that Internet banking can offer an extensive variety of fin*****cial services, they ***** several drawbacks when compared ***** traditional banks when it comes to clients making depos*****s as well as taking cash—which provokes the subject of expediency. None*****less, supporters ***** ***** banking maintain that it is quicker, better, as well as cheaper than traditional banking. Quicker/*****/***** has turned out to be the tune of "Internet *****," while anything, anytime, anywhere has turned out ***** be ***** song ***** the clients. Many analysts


Download complete paper (and others like it)    |    Order a one-of-a-kind, custom-written paper

© 2001–2016   |   Dissertation about Internet Banking Research Context Electronic or Internet Banking Has Become   |   Term Papers Samples