Who is the father of internet banking?
Alfred Zipf, 82, Bank of America executive considered the father of electronic banking.
When was the first internet banking?
The first internet banking application was started in U.S.A in 1996 and then, the eminent banks such as Citibank and Wells Fargo started to provide this service to their customers in 2001 (Gefen and Straub, 2005).
What is e-banking by authors?
*Corresponding Author: Lilesh Gautam; Email: [email protected]. Abstract: Internet banking is a service that allows customers to access and perform financial transactions on their bank. accounts from their web enabled computers with Internet connection to banks’ web sites any time they wish.
What are the features of internet banking?
15 features your online banking & mobile app should have
- Up-to-date account activity.
- Check account balance.
- Account-to-account transfer.
- Person-to-person transfer.
- Bank-to-bank transfer.
- Mobile deposit.
- Cleared check images.
- Online bill pay.
What is Internet banking history?
Internet banking appeared by the telephone banking in the first time in 1980s and it increased when internet was using at homes (Cartwright, 2000). In these years, banking and finance companies in Europe and U.S.A started to work on the concept of the “home banking”.
What is a bank?
Jhon Harry says “Bank is an economic institution whose main aim is to earn profit through exchange of money and credit instrument” R.P. Kent says “A bank is an institution, the principal function of which is collect the unutilized money of the people and to lend it to others.”. R.S. Sayers.
Is there a challenge to hardware producers in internet banking?
This is an open-access article distributed under the source are credited. intentions. A challenge is made to so ware and hardware producers to in internet banking and commerce. Serious solutions are necessary.
What is an online bank?
Online banking is also known as “internet banking” or “web banking.”. An online bank offers customers just about every service traditionally available through a local branch, including deposits, which is done online or through the mail, and online bill payment.
Is internet banking efficient and secure?
The results also show that Internet banking is considered to be efficient for ease of use and access, and that the users of Internet banking lack confidence in the security of the web sites of Internet banking. The article concludes with a discussion of implications, limitations, and directions for future research.
