Banking Online
Picture a bank without any branches, tellers, rows of desks, racks of brochures, no automated teller machines outside. Picture, in fact, a virtual bank, one that for the customer exists only in his or her office or home, as images on a computer screen. US financial institutions are moving towards "virtual banking." This strategy is about making bank products and services available to customers any time and any place they want them. As virtual banking becomes more popular, it is very likely that more customer service will be seen while the number of traditional teller-staffed branches will decline. Bank customers will move away from traditional banking and will become more dependent on electronic transactions using ATMs or PCs. Thanks to the revolution, financial institutions are using software programs, online services, and even the Internet to allow customers to check balances, pay bills, and transfer funds among accounts. Bankers prom
With Internet banking, on the other hand, there are potential customers, who already have all the software they need to do there banking, since all they need is a browser. The actual banking software resides on the bank's server in the form of their home page. This software can be updated at any moment with new information, such as new prices or products, without having to send anything to the customer; it can also continue to expand and become more sophisticated without becoming cumbersome for the customer to operate. Banking with a browser, on the other hand, involves a continuous, interactive session, initiated by a local telephone call to a local access provider or online service.
Some common words found in the essay are:
Managing Money, Online Picture, PCs Thanks, internet banking, software programs, potential customers, home page, financial institutions, virtual banking, banking browser, electronic transactions,
Approximate Word count = 655
Approximate Pages = 3 (250 words per page double spaced)
|
