online services like banking and shopping started with
Answers
Answer:
everywhere may it was stated in 21st century
Answer:
Online banking, also known as internet banking or web 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. The online banking system will typically connect to or be part of the core banking system operated by a bank and is in contrast to branch banking which was the traditional way customers accessed banking services.
Some banks operate as a "direct bank" (or “virtual bank”), where they rely completely on internet banking.
Internet banking software provides personal and corporate banking services offering features such as viewing account balances, obtaining statements, checking recent transactions, transferring money between accounts, and making payments.
Explanation:
According to the U.S. Department of the Treasury, there are three types of Internet banking: informational, communicative and transactional.
Informational Internet Banking. ...
Communicative Online Banking. ...
Transactional Internet Banking.