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:
Online banking fraud hovered $120 million by third quarter of 2009 .
Online banking fraud involving the electronic transfer of funds has been increasing since 2007 and reached the volume of over $120 million in the third quarter of 2009, according to estimates presented Friday at the RSA Conference in ...


How to Use SBTOnline.In for SBT Online Banking Service? | B4tea.com
Guide to login at SBTOnline.In and access State Bank of Travancore (SBT) Online Banking Service for Personal and Corporate Account Holders...


Sunday Mirror - Iceland in repay snub
March 7, 2010 -- VOTERS in Iceland were yesterday on course to reject a pounds 3.3billion deal to repay debts to Britain and the Netherlands. Partial referendum...


Wireless News - Polaris Software Lab Launches Intellect Privacy
March 7, 2010 -- Polaris Software Lab Limited, a financial technology company, recently launched Intellect Privacy based on technology and four patents filed...


Online travel booking users exceeds 30 million in China (People's Daily)
China's online travel booking users in 2009 reached 30.24 million, increasing 77.9 percent from the previous year, according to a report released recently by China Internet Network Information Center (CNNIC). Ctrip, the one-stop China travel service, also says its number of members has reached 30 million. Online travel booking in 2009 saw rapid development and has become a highlight of the ...


Forex me again: LiteForex : are established banks better than .
Even if you are loyal to your usual offline bank, you may also have the need to sometimes use the online banking service for an urgent transaction or when you are where the bank is not near by. Accomplished banks continue to use pen and ...


Geist: Hackers, viruses threaten online voting validity (Toronto Star)
With the increasing shift from analog to digital, some elections officials are unsurprisingly chomping at the bit to move toward Internet-based voting. Last year, Elections Canada officials mused about the possibility of online voting trials, noting the potential benefits of increasing voter participation, particularly among younger demographics...


FDIC: Hackers stole $120m in three months of online bank fraud (TechWorld)
Malware on online banking customers PCs is most common attack Ongoing computer scams targeting small businesses cost US companies $25 million in the third quarter of 2009, according to the US Federal Deposit Insurance Corporation...


How to Protect Your Funds Online - Computerworld

How to Protect Your Funds Online
Computerworld
CSO - The rise in popularity and the pervasive nature of online banking over the last decade have been meteoric. The power of convenience .

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New Short Sale Push May Speed Up Bank Loan Losses - Wall Street Journal

New Short Sale Push May Speed Up Bank Loan Losses
Wall Street Journal
Some banking and real-estate industry experts see it as a response to the limited success of a government loan modification drive known as the Home .

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Food and Beverage Close - Up - Jack in the Box Schedules Investment Conference Presentations
March 8, 2010 -- Jack in the Box,Inc. announced it will participate in three upcoming investment conferences. The dates and times of the...


Unhappy customers: Complaints to BBB up 10 percent (AP via Yahoo! News)
Complaints to the Better Business Bureau were up nearly 10 percent last year, with the banking industry seeing the biggest jump in unhappy customers...

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