The term “Banking” is defined as “Accepting for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawal by cheque, draft, and order or otherwise.”
E-banking is defined as the automated delivery of new and traditional banking products and services directly to customers through electronic, interactive communication channels.
E-banking includes the systems that enable financial institution customers, individuals or businesses, to access accounts, transact business, or obtain information on financial products and services through a public or private network, including the Internet.
The term “electronic banking” encompasses:
The usage of electronic devices (computer, telephone, ATM/PDA)
Remote access to financial services
New distribution channels
A new domain for financial products and banking services
Two primary types of E-banking Website:
Informational Website.
Informational websites provide customers access to general information about the financial institution and its products or services.
Transactional Website.
Transactional websites provide customers with the ability to conduct transactions through the financial institution's website by initiating banking transactions or buying products and services.
Banking transactions can range from something as basic as a retail account balance inquiry to a large business-to-business funds transfer.
E-banking services, like those delivered through other delivery channels, are typically classified based on the type of customer they support.
E-banking is defined as the automated delivery of new and traditional banking products and services directly to customers through electronic, interactive communication channels.
E-banking includes the systems that enable financial institution customers, individuals or businesses, to access accounts, transact business, or obtain information on financial products and services through a public or private network, including the Internet.
The term “electronic banking” encompasses:
The usage of electronic devices (computer, telephone, ATM/PDA)
Remote access to financial services
New distribution channels
A new domain for financial products and banking services
Two primary types of E-banking Website:
Informational Website.
Informational websites provide customers access to general information about the financial institution and its products or services.
Transactional Website.
Transactional websites provide customers with the ability to conduct transactions through the financial institution's website by initiating banking transactions or buying products and services.
Banking transactions can range from something as basic as a retail account balance inquiry to a large business-to-business funds transfer.
E-banking services, like those delivered through other delivery channels, are typically classified based on the type of customer they support.