16-05-2012, 04:09 PM
Online Banking
OnlineBanking.ppt (Size: 379.5 KB / Downloads: 103)
Online banking – also known as internet banking, allows consumers to complete transactions with wireless technology. Wireless technology includes:
Personal Computers (PCs)
Personal Digital Assistants (PDAs)
Cellular phones
Advantages of online banking include:
Decreased cost of paper and postage
Storing all statements online instead of keeping a paper copy
Convenience
Paying bills online
Ability to access account anytime
No waiting for a monthly statement
Disadvantages of online banking include:
Not as personal
Not able to access without technology
Decrease in safety features
Increase in risk for fraud
Online Bill Payment
Examples of companies that use online bill payment include:
Retailer banks
Credit card companies
Insurance companies
Energy and utility companies
Health care
Transportation companies
Education expenses
Determine Security
The Uniform Resource Locator (URL) ends in “s” which stands for secure.
A closed lock in the bottom right hand corner of the web browser to indicate a secure site.