Online Banking History
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Online banking history is one that dates back to 1995 when Presidential Savings Bank gave their customers the option of viewing account information and performing certain transactions online. Today, online banking is huge with most every major bank offering it. There are certainly a great many benefits associated with banking on the Internet. One is the ability to handle your finances at any time, not just during regular business hours.
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.
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US Businesses Could Lose Up To $1 Billion In Online Banking Fraud This Year - Dark Reading
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BROKER'S WORLD:Bank Of America Steers Clients To Merrill Platform - Wall Street Journal
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ShoreBank successor boosts online savings rates - Chicago Breaking Business - Tribune
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Now China launches 'super online banking' Beijing, Sep 1 : China's central bank has started a 'super online banking system' that would allow customers to access any number of accounts through a single website... | ||
Wells Fargo's George Tumas: Building Top-Notch Online Banking - Banktech
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The Best and Newest Features of Internet (online) Banking | MoSo . by EngageMedia.org The Best and Newest Features of Internet (online) Banking Do you still queue up in the bank to pay your credit card bills... | ||
No bank account? Get your tax refund on plastic - The Associated Press
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Lapolla Receives $12.5 Million Asset-Based Loan From Bank of America Business . - MarketWatch (press release)
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