Banking & Shopping
professional Impact
Mostly businesses and organizations are considered important bank’s clients because of their massive finance moving around. So is there an efficient way for businesses and organizations to store their money and conduct transactions. In the information age, there is online banking. Online banking (also web banking, internet banking, e banking, virtual banking) is a web based application that can be accessed via the web browser. The bank’s database resides on a central server rather than being installed on the desktop.
. How do people in the information age use it? This web application enables clients of the bank to perform a range of financial transactions at home through the bank’s website. Financial transactions include the following: up-to-date bank statements, bill payment, and transfer of funds between the customer’s different accounts, loan applications and higher interest rate for savers because of lower costs. Generally; online banks offer customers just about every service traditionally available through the local branch. Online banking, also known as electronic funds transfer (EFT). It is simply transferring funds directly from one account to another electronically.
. How do people in the information age use it? This web application enables clients of the bank to perform a range of financial transactions at home through the bank’s website. Financial transactions include the following: up-to-date bank statements, bill payment, and transfer of funds between the customer’s different accounts, loan applications and higher interest rate for savers because of lower costs. Generally; online banks offer customers just about every service traditionally available through the local branch. Online banking, also known as electronic funds transfer (EFT). It is simply transferring funds directly from one account to another electronically.