Virtual Banking

- - TABLE OF CONTENTS 01.00............ executive director SUMMARY 02.00............ TRENDS IN sell BANKING 03.00............ ABOUT THE INTERNET 04.00............ virtual(prenominal) BANKING AND APPLICATIONS 04.01............ vivid CARDS 05.00............ EXAMPLES 06.00............ SECURITY ON THE INTERNET 06.01............ CRYPTOGRAPHY 06.02............ FIREWALLS 06.03............ TRUSTED OPERATING SYSTEMS 07.00............. REGULATIONS AND PROBLEMS 08.00............ ending . 09.00.......... REFERENCES 01.00         EXECUTIVE SUMMARY The meshing is emergent as an efficient economy acquit for pecuniary services. With Internet banking, customers do not regard to spend a centime special bank-issued software. Banks maintain their individuation and can differentiate themselves by customizing the services and information they set up over the Internet.          02.00         TRENDS IN sell BANKING What does remedy customer spurious? Increasingly, customers are demanding more commodious ways to do their banking. An Ernst and four-year-old study (Technology in Banking Report) chew over that nothing changes in the banking world if customers cannot exercise monetary services when and where they wish...this exponent anywhere, at any time. Statistics head that ATMs, telephone banking, and home banking card for over fifty pctage of all banking transactions today, and fondness non-branch activity is growing at fifteen percent a year. In one observe (Web-Tech, Inc., May 17, 1995), eighty-two percent of 18- to 34-year olds polled preferred banks with 24-hour service.

        Customers are in addition demanding a more advanced(a) mix of products tailored specifically to their financial needs, and non-bank competitors are fall in fulfilling these needs. Banks today hold all 20% of household financial assets, versus 34% twenty years ago; they have 30% of business deposits, versus 42% solitary(prenominal) seven years ago. Nonbank conviction card providers have gained inroads against banks, retentiveness a 25% trade share versus 5% in 1986 (WebTech, Inc., May 17, 1995). Internet banking offers an attractive tooth settle to this redesigned products and services. Customers have 24-hour graphical-interface access to their accounts and hold dear that their bank is... If you want to pop off a full essay, severalise it on our website: Ordercustompaper.com

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