Give an example of the use of IT in the following areas:
a) Online Banking
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Online banking, also known as internet banking, web banking or home 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 financial institution's website.
Banking online means accessing your bank account and carrying out financial transactions through the internet on your smartphone, tablet or computer. It's quick, usually free and allows you to carry out a number of tasks such as paying bills and transferring money, without having to visit or call your bank.
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