The navigability of the website is a very important part of Internet Banking because it can become one of the biggest competitive advantages of a financial entity (Ortega, Martínez, & Hoyos, 2007). Internet Banking is a process of innovation whereby customers handle their own banking transactions without visiting bank tellers (Qureshi, Zafar, & Khan, 2008). Recent evidence suggests that an Internet-based consumer banking strategy may be effective, with reports of more profitable, loyal and
INTERNET BANKING Today in this modern era most of the people were familiar with internet and their uses. The main reasons for the internet is its cost effectiveness. Today who are having internet can connect with banks whenever they wants because internet has 24 hour availability. Internet banking has no time horizon. CONCLUSION So all in all new technologies are giving edge to the banking sectors.
INTRODUCTION Internet banking or online banking has been defined as “the service that allows consumers to perform banking transactions using a computer with an internet connection”. Pikkarainen et al. (2004) while defining Internet banking based on its utility defined it as “an Internet portal through which customers can use different kinds of services ranging from bill payment to making investments". Shih and Fang et al (2000) discussed how it is advantageous for the banks to go online, as it results in potential savings in the cost of maintaining a traditional branch network.. Giannakoudi (1999) states Internet banking system allows banks to expand their business geographically without investing in the establishment of new branches
Online banking You should be able to check your balance, pay people/companies online, and transfer money online. A modern checking account should have online banking/features, if it does not, then avoid it. Checking account tools The best checking accounts have tools to help their users. The tools range from online check deposits, apps, budgeting tools, payment tools, and many more. Tech savvy accounts As you will see by the checking accounts listed on this article, there are some companies that seamlessly integrate technology into their accounts, such as with photo-check deposits, balance streaming via apps, and mobile integration.
"In its simplest form, electronic banking may mean the provision of information about the bank and its products via a page on the internet" Daniel (1999). Daniel (1999), however, defines the term as "the provision of information and/or services by a bank to its customers via computer, telephone or television". A more developed service, as Daniel (1999) says, can provide the customers with a way to use the service through their accounts to accomplish the needed transactions and perform any desired purchases of products either online or any other electronic channel whether it is TV, telephone or automated teller machines (ATM). The severe competition pressures and the non-ending customers ' requirements force the banks to develop new technologies and tools. This has led to the innovation of internet banking that has revolutionized the banking industry worldwide (Malhotra and Singh, 2010).
INTERNET BANKING Online banking, also known as internet banking, e-banking is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the bank’s website. To access a bank’s online banking facility, anyone with internet access would need to register with the institution for the service, and set up a password and other credentials for customer verification. Advantages of Internet Banking • Online account is simple to open and easy to operate. • It is quite very easy as you can easily pay your bills, can transfer funds between accounts, etc. Now you do not have to stand in a queue to pay off your bills; also you do not have to keep receipts of all the bills as you can now easily view your transactions.
1 Introduction Internet banking is the platform to do business or provide services to the customers over internet or World Wide Web via electronic medium and gadgets (Abu, 2004). Many persons in various contexts define internet-banking concept. Customer retention is the process of continuing the business process with one customer. It refers to the activity that an organization undertakes to lessen the customer defection. Satisfied customers are intended to stick with the organization, which represents the long-term relationship between customer and organization (Hennig-Thurau, 2000).
Cloud. It is basically the collection of computers on the internet that companies are using to offer their services, it is revolutionary storage method for your data. It is convenient and cost effective. It works by storing your files on a server and in the internet somewhere rather than on your local hard drive. This allows you to back up, sync and access your data across multiple devices as long as they have internet capability.
Banks are using computers for maintaining accounts and managing financial transactions. The banks are also providing the facility of online banking. The customers can check their account balance from using the internet. They can also make financial transaction online. The transactions are handled easily and quickly with computerized systems.