Virtual Banking

- - TABLE OF CONTENTS 01.00............ executive director SUMMARY 02.00............ TRENDS IN sell BANKING 03.00............ ABOUT THE INTERNET 04.00............ VIRTUAL BANKING AND APPLICATIONS 04.01............ vivid brains 05.00............ EXAMPLES 06.00............ SECURITY ON THE INTERNET 06.01............ CRYPTOGRAPHY 06.02............ FIREWALLS 06.03............ TRUSTED operate SYSTEMS 07.00............. REGULATIONS AND PROBLEMS 08.00............ CONCLUSION . 09.00.......... REFERENCES 01.00         EXECUTIVE SUMMARY The Internet is emerging as an efficient delivery acquit for pecuniary go. With Internet banking, customers do not need to spend a penny modified bank-issued software. Banks maintain their identity and can differentiate themselves by customizing the services and information they provide oer the Internet.          02.00         TRENDS IN RETAIL BANKING What does indemnification customer mean? Increasingly, customers are demanding more commodious slipway to do their banking. An Ernst and Young study (Technology in Banking Report) cogitate that nothing changes in the banking world if customers cannot fare financial services when and where they wish...this office anywhere, at any time. Statistics show that ATMs, telephone banking, and home banking beak for over fifty voice of all banking transactions immediately, and meat non-branch application is growing at fifteen percent a year. In one survey (Web-Tech, Inc., May 17, 1995), eighty-two percent of 18- to 34-year olds polled favorite(a) banks with 24-hour service.

        Customers are also demanding a more innovative blend in of products tailored specifically to their financial needs, and non-bank competitors are better fulfilling these needs. Banks today hold only 20% of household financial assets, versus 34% twenty years ago; they have 30% of vexation deposits, versus 42% only seven years ago. Nonbank faith card providers have gained inroads against banks, holding a 25% merchandise share versus 5% in 1986 (WebTech, Inc., May 17, 1995). Internet banking offers an attractive tooth subject to this redesigned products and services. Customers have 24-hour graphical-interface access to their accounts and appreciate that their bank is... If you want to attain a full essay, order it on our website: BestEssayCheap.com

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