Over the past years, with the emergence and popularity of the Internet and the continuous improvements in technology, a wide range of options and avenues have been provided to the common man. The current age is one based on information and every sector of business attempts to…
ent of the internet banking, there have been major changes and improvements in the overall banking experience and now customers can complete all transactions from the comfort of their homes (Cronin, 1997). With the current times, where almost everyone is so busy, this service is like a boon.
Internet banking has grown with times and in the current times; this is regarded to be safe, secure and very beneficial to all. This system has enabled people to save a lot of time and allows the overall banking experience to be improved to a great extent. According to Comptroller’s Handbook (1999), “internet banking refers to systems that enable bank customers to access accounts and general information on bank products and services through personal computer”. Although the term is used on a daily basis, a number of people have not tried out the internet banking, for several reasons. There are a number of advantages and disadvantages of online banking and a number of factors that impact the overall growth of the concept (Shah & Clarke, 2009). This paper aims at discussing the advantages and disadvantages of internet banking and also aims at discussing the various factors that impact the performance and prosperity of the internet baking. The next section will detail the major advantages and disadvantages of online banking.
Having understood a brief about internet banking, it is essential to gain a brief overview of the advantages of Internet banking. Firstly, the most important advantage of online baking is the convenience. Online banking permits people to transact from any place in the world and permits people to make transactions at their own convenient time and from the comfort of their own home. Hence the advent of internet banking has permitted users to handle their finances at anytime and from anywhere.
Secondly, the internet banking is very time efficient and fast. Here the users can complete transactions at very high speeds and with almost no waiting (Cronin, ...
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password, encryption and firewalls/server security are used in order to provide security to Bank clients. The latest research established a new component that can improve all the existing security related to Internet Banking. Furthermore, the study anticipated a necessity for an extra verification.
The expansion of Japanese firms in the global market has been based on these firms’ ‘systemwide advantages’ (Porter, 1986, p.38); the above advantages were related mostly to the ‘labor-cost advantages’ (Porter, 1986, p.38) of these firms – compared to their Western rivals.
Internet banking is another concept of web based banking. The deployment of whole sale or retail banking services can also be referred to as E-banking. It involves individuals, and corporate customers.
The time saving business process not only include the exchange of information and documents but also goods and services can be bought and sell in a time saving fashion. With such enormous benefits being provided the use of Internet has also posed some challenges to the customised methods of business.
Thereafter research paradigms are stated. This is followed by an explanation of the methods used in the collection of the data. This paper, then explains the process of drawing the sample of respondents from out of the target population and the chapter finally winds up with presenting arguments in favours of and against the chosen methods of collection of the data, primarily, in terms of seeking to establish its reliability and validity.
Internet services are given to clients at its disposal. The need to use the Internet may be registered on-line through the Bank's web site. Khalfan A (2004)
With the advances in the information and technology sector, business and the market economy are changing tremendously.
The focus of the research study is to find out how the internet banking can be accomplished being least vulnerable to the intrusion from hackers and other unauthorised sources.
The third part provides the description of research method to be used in undertaking the research study.