(2013) internet banking have the following advantages for customers: Comfort – access to the bank 24 hours a days, 7 days a week, without depending on the bank’s schedule Low costs – in order to reduce the number of clients who go to the bank desks, there are fee reductions for the electronic payments Time saving and reduced expenses (no more transportation to and from the bank building) Safety – transactions take place in the best security conditions as customers use a user name, a password, and an encrypted channel Accessibility – online connection with the bank from any Internet connected computer; simple and ergonomic menu leading the client directly to the operation he/she wants to perform One disadvantage concerns the additional costs of subscription and Internet
Smartphone is one of the best invention in twenty first century. Smartphone is an all-in device that provide functionality of other device such as calculator, torch light, media player and camera. According to Pei and Lionel (2006), unspecific promoting planner had started to use the term smartphone to bring up new type of cell phone that can enable information access and use computing power to process. Smartphone allow us to contract with people, access information and make transaction within our finger tips. Although smartphone is convenient to us but the overuse of smartphone can lead to smartphone addiction.
According to Chhanda, it allows the users to sync data with their computers and update their smartphone software that makes smartphones efficiently. In short, you can carry your portable almost PC device wherever you go, you can do you’re the same activies that you do in PC on the go very easily. However, according to Samia Ilyas Siddiqui, addictions on smartphones make it a luxurious item. Smartphones has so many valuable aspects and people feel incomplete without smartphone that it has become a necessity of their lives but on the other hand, mobile has become luxurious item as well because people consider it a status nowadays. With the advancement of technology today, cell phones are no longer considered “emergency only” devices.
Be vigilant about your finances. Always check your account. Are there any dubious transactions recorded in any of your financial accounts? With the popularization of smartphones and free internet, you can now monitor your finances online. Should you get tangled in any of these dubious transactions, report this immediately to your bank and proper steps will be taken accordingly.
The applications such as the games, songs programs and the movie applications are the reasons behind the people spending many seconds of their lives facing the smartphones. The new applications make the life easier and as a result of that people get used to using them instead of thinking. For instance, the Google map application can help in finding the location, and that will cause the people to spend more time on the phones instead of reading a map. The more time the people spend on these devices, the more addicted they become to these devices. The second reason for causing the smartphones addiction is the social media and the recent
According to a survey by the Pew Research Centre in year 2012, the percentages of American adult that own a smartphone is increase significantly from 25% in 2011 to 46% in 2012. Although the smartphone has many functions that very helpful to the people, but it also has many side effects. However, the overuse of smartphone will take more
Nowadays social isolation is increasing. We are spending too much time on our mobile phones and are less likely to talk to strangers in public areas. We are also forgetting about our everyday life. “Facebook may have 1.1 billion users across the globe, but according to the study, the technology is having a fundamentally negative effect on the way we interact with others, and the way we perceive ourselves.” (Mail Online, 2013). While we may have a large quantity of friends on Facebook, we might feel like we don’t have to make friends in real life.
• Time saving: It eliminates the time lost in physically going to the bank. A customer can schedule and receive payments, transfer money and check account balances within minutes. • Easy access to finance: In some far flung areas where there are no banks and the nearest bank is a good distance away, it serves as a convenient choice for accessing financial services for most mobile phone owners. A user can easily check his account balance, transfer funds, pay bills, etc. • Fraud Avoidance: Customers who use mobile banking have a better knowledge of their financial transactions and day to-day balances and hence are more likely to catch incorrect or fraudulent transactions.
Whenever a new cell phone comes out, people are rushing to the nearest store to pick one up or logging into their online account to order it and schedule shipment to their home or place of business. People have enjoyed using cell phones for years because of the many benefits they offer, such as quick and easy communication and instant internet access, but have you ever stopped to consider the risks associated with their use? Cell phones, like many electronics have their drawbacks. The biggest one being that there are several risks people are taking when using them. Of course, running up a high bill that you can 't really afford is a risk, but the amount of money you happen to spend on your phone isn 't all that important when you look at
A new technology innovation of a bank may be beneficial to the customers but it may also cause a threat to the other banks in the banking industry. If a bank in the industry is unable to follow up the foot step of the new banking technology innovation, it may be eliminated out from the industry and have a great loss in market shares. In order to improve the efficiency of financial operations by catching up with current technology, HSBC provides internet banking and mobile banking to allow its customers to transfer money, pay bills and so on. As stated in its official website, HSBC Bank Malaysia Berhad was the first bank in Malaysia which provides security technology and online cheque-image enquiry technology. Furthermore, as a part of HSBC bank, HSBC Global Technology team always assists HSBC Bank Malaysia Berhad in providing the latest banking technology to its customers.