Internet Banking
Banks have traditionally been in the
forefront of harnessing technology to improve their products, services
and efficiency. They have, over a long time, been using electronic and
telecommunication networks for delivering a wide range of value added
products and services. The delivery channels include direct dial – up
connections, private networks, public networks etc and the devices
include telephone, Personal Computers including the Automated Teller
Machines, etc. With the popularity of PCs, easy access to Internet and
World Wide Web (WWW), Internet is increasingly used by banks as a
channel for receiving instructions and delivering their products and
services to their customers. This form of banking is generally referred
to as Internet Banking, although the range of products and services
offered by different banks vary widely both in their content and
sophistication.
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