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:
Money vault: Free checking at banks and credit unions in Oregon - OregonLive.com

OregonLive.com
Money vault: Free checking at banks and credit unions in Oregon
OregonLive.com
By Brent Hunsberger, The Oregonian -- A version of this column first appeared online on March 5, 2011. The column and chart were updated last week: Katherine Hunt opened her first bank account a decade ago at Washington Mutual.
TD Bank Checking Poll Reveals Majority of Consumers Remain Committed to Their BankMarketWatch (press release)
How Satisfied Are Consumers With Their Banks?Banktech (blog)

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CSI Grows Relationships in Virginia with The Blue Grass Valley Bank
To enhance its bank core processing and online banking capabilities, The Blue Grass Valley Bank has signed a multi-year contract with Computer Services, Inc. , a leading full-service bank technology provider, for comprehensive data processing and Internet banking solutions...


AhnLab Delivers On-line Banking Security Solution to Cornerstone
AhnLab , a leading provider of integrated security service, today announced that US based Cornerstone Community Bank selected AhnLab Online Security Secur..


AhnLab Delivers On-line Banking Security Solution to Cornerstone - Business Wire (press release)

AhnLab Delivers On-line Banking Security Solution to Cornerstone
Business Wire (press release)
AhnLab has partnered with SafeNet, a global leader in data protection, to ensure the authentication of US Cornerstone's internet banking users and transactions. SafeNet's eToken USB-based authenticators are integrated with AhnLab's AOS Security Secure .

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Banking sector to grow in EUR˜12
CEBUs banking sector is expected to sustain its growth this year despite external risks. A former top official of the Cebu Bankers Club (CBC) said most banks are expected to take advantage of the growing trend of online banking to improve services...


Business Wire - Silicon Valley Bank Funds Channel IQ Line of Credit
January 18, 2012 --

Leading company for MAP policy compliance secures monies to allow for immediate growth ...



Market Wire - Joined by White House Guests, Jobvite Offers Apps for Heroes, Technologies That Help Veterans Find Employment
January 18, 2012 -- In response to a White House call to action to support military families and veterans, Jobvite, the leading recruiting platform for the...


MoneyDesktop Signs Johns Hopkins FCU to Integrate PFM Solution Into Online Banking - San Francisco Chronicle (press release)

MoneyDesktop Signs Johns Hopkins FCU to Integrate PFM Solution Into Online Banking
San Francisco Chronicle (press release)
MoneyDesktop, the fastest-growing PFM (personal financial management) platform for financial institutions, announced today that Johns Hopkins Federal Credit Union (JHFCU) has selected MoneyDesktop to provide PFM through online banking.

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Market Wire - BOFI to Present at Upcoming Investor Conferences in February
January 17, 2012 -- BofI Holding, Inc. (NASDAQ: BOFI) ("BOFI" or "Company"), a leading online financial services provider, today announced the Company's...


The internet is not free: Carberp targets online bankers - Fresh Business Thinking

The internet is not free: Carberp targets online bankers
Fresh Business Thinking
By Tanya Shafir, researcher, Trusteer Last year, Carberp emerged on the online banking fraud scene as a competitor to the dominant financial malware platforms Zeus and SpyEye. Trusteer recently discovered a configuration of Carberp that targets Free, .

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CNB Bank Implements Trusteer to Increase Security against Online Banking Fraud - MarketWatch (press release)

CNB Bank Implements Trusteer to Increase Security against Online Banking Fraud
MarketWatch (press release)
Trusteer provides transparent endpoint protection on devices used by CNB Bank's 17000 customers to connect with the online banking platform. Trusteer has helped CNB Bank prevent potential fraud for its customers by blocking financial malware at the .

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Bank of America to Offer Retail Discounts Through Online Banking Site - Fox Business

The Consumerist
Bank of America to Offer Retail Discounts Through Online Banking Site
Fox Business
The second-largest US bank on Wednesday will start testing a new service that will allow customers to rack up savings from retailers based on their previous spending patterns. Customers will receive offers through the bank's online banking website.
Bank of America Testing Online Deals Service for CustomersDaily News Corner
CORRECT: Bank Of America To Roll Out Deals Service To CardholdersNASDAQ
Bank Of America To Do A Really Bad Job Of Offering Online DealsThe Consumerist

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Univest Corporation of Pennsylvania - Univest Bank and Trust Co. - Reports Fourth Quarter and Year End Earnings
SOUDERTON, PA-- - Univest Corporation of Pennsylvania , parent company of Univest Bank and Trust Co., a full-service financial institution with 136 years of experience in delivering financial solutions ...

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