02/16/2011

A. Concepts and definitions of Internet Banking, Part 1

The Internet Banking Concept: There are two concepts of Internet banking: First, "A bank that only exists on the internet and has no offices." In this case the operations are conducted exclusively over the Internet. Second, a bank whose offices are physically and have a distribution channel for products and services operating on the internet. This case is currently the most common. "

The Definition of Internet Banking: "You can set Internet banking as a set of technological tools that offers a financial institution for its customers to make banking transactions via the computer using your Internet connection." The Internet banking service is based on a web interface or connection that integrates the functionalities of a bank branch. The term Web comes from the English and their translation is red. In addition to defining the overall structure of the network, this word refers to each of the parts of Internet web pages.

The website is the distribution channel of Internet banking service. A website is a document whose content is developed in a special programming language called HTML that enables the distribution and exchange of information in different formats like text, video or sound through the Internet. The interface used is connected to the same applications used by bank branches, where the bank has physical offices and ATMs, by allowing the user to perform online transactions over the Internet.

 

Feb 16, 2011 5:58:54 AM | Current Affairs, Web/Tech, Weblogs

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