Online Banking History

A popular topic of discussion is online banking which is very common these days. Here is a little bit of history - Online banking history is one that dates back to 1995 when Presidential Savings Bank gave their customers the option of viewing account information and performing certain transactions online. Today, online banking is huge with most every major bank offering it. There are certainly a great many benefits associated with banking on the Internet. One is the ability to handle your finances at any time, not just during regular business hours.

As you probably have realised by now, banks do not have the most convenient hours. Many people are at work when their bank is open and get off work after their bank is closed. This makes it very difficult for these people to take care of their banking. While some bank branches do have limited Saturday hours, this is usually an extremely busy time to go to the bank. Rather than waiting in long lines, you can handle your financial transactions online, any time of the day or night. Online transactions take about as long as an ATM transaction would thanks to the fast speed of the Internet. The faster your computer is, the faster your transactions will be.

In addition, online banking can be performed anywhere in the world that offers a computer with an Internet connection. This means if you are away from home you can still manage your bank accounts and view your information. In addition, you can sign up for alerts that tell you when automatic deposits or withdrawals are made, or when your account hits a certain balance. These alerts can be sent to you via email, telephone or mobile phone. Today's advanced technology makes even makes it possible to connect to your accounts via mobile phone with Internet access. You can even pay your bills online without ever having to write a single check or mail a single envelope.

A very important part of online banking is of course security. In the early days, it may have been easy for a skilled hacker to get into bank accounts, but no more. Today's banks have extremely sophisticated security systems that no one can crack. They use 128-bit encryption and a variety of other security methods to keep your information safe. Online banking has certainly come a long way in the past ten years. With so many features and benefits, it's no wonder so many people these days are turning to online banking as a way of managing their finances.

Online Banking News:
Wireless News - Identity Theft 911 Offers Tips to Protect Personal Data
February 4, 2010 -- Identity Theft 911, a provider of identity theft services for businesses and consumers, announced it has issued a statement offering the...

The Future of Internet Passwords (LiveScience.com via Yahoo! News)
As more of life happens online, from banking to socializing, the usernames and complex passwords we must keep track of has multiplied to staggering proportions. Is there an end in sight for having to create so many different logins?..


How To Make Money In Online Video (TechCrunch)
Editors note : This is the fourth in a series of posts on the state of online video by guest writer Ashkan Karbasfrooshan . He is the founder and CEO of WatchMojo . In Search of Profits Ten years ago, web companies didnt generate much revenue. These days, web companies are some of the most profitable around. Online video is where the Web was ten years ago: in investment mode as video companies ...


Wells Fargo Extends Text Banking to All Customers - MarketWatch

Wells Fargo Extends Text Banking to All Customers
MarketWatch
"Our text banking service is now available to all Wells Fargo customers via a mobile phone, not just online banking customers. Through simple and secure .
Wells offers text banking to all its customersBizjournals.com
Wells Extends Text Banking to All CustomersBank Technology News

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Future Of Online Banking | YodZiaN.CoM - Finance and Loan Information
No matter where online banking comes from or where it is today, it is most certainly here to stay. As a tool of modern living and as a lifestyle aid, it is...


Most consumers reuse banking passwords
This dismal password security practice means that if cybercrooks trick a user into giving away his login credentials for a social networking site, for example, they stand a very good chance of getting into webmail and online banking ...


Market Wire - Bank of Beijing Enhances Customer Service With Unified Communications From AltiGen
February 4, 2010 -- AltiGen Communications, Inc. (NASDAQ: ATGN),the leading provider of integrated Microsoft-based Unified Communicationssolutions, announced...


ICT Review: Two Thirds of Internet Users Expose their Online .
Trusteer found that 73 percent of bank customers use their online account password to access other websites, and that 47 percent use both their online banking user ID and password to login elsewhere on the Internet. ...


Business Wire - Wells Fargo Extends Text Banking to All Customers
February 4, 2010 -- Wells Fargo Extends Text Banking to All Customers & Enables Customers to Connect to Accounts with Text Banking, Without a Need to Have a Personal...


Barclays Bank re-launches online banking : Ghana Business News
The statement, signed by Mrs. Shola Safo-Duodu, Head of Corporate Affairs, said the facility was to provide secure, reliable and fast online banking solutions via the internet for a selected group of customers of the bank. ...

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