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Internet Banks: A Brief History of Internet Banking

Internet Banks

The main purpose of the bank has been serving since the beginning is to keep our money safe for us. While keeping our money safe, but also let us get some interest on money held by them. Traditional banks should do, and internet banks continue the same function. The only difference is how the transactions are made.

Online banking quite a few years. In fact it was introduced in the 1980s and has a long way since then. The last decade has seen an abundant growth of Internet banking transactions. Several pieces of legislation are also included in this area.

Although started in the 1980s, not until the mid nineties that internet banking really caught. What attract customers to Internet banking has been around the clock availability and ease of transaction. Studies estimate that internet banking is still far to go. There are some banks that customers who prefer banking in traditional manners. Statistics released by the FDIC show that only 40% of U.S. banks offering internet banking facilities worth mentioning. Everyone else has a presence online, but online transactions are not sufficient to justify their presence on the Internet.

Some customers are known to approach the banking system because of dissatisfaction over the Internet with standard procedures and practices. Total absence of human interaction appeals to some people. Some customers switch to internet banking security. This is mainly because customers believed the bank's ability to keep transactions safe and secure.

The majority of online transactions made by using the Internet Explorer interface. Internet Explorer has more than ten years.

Internet Banking provides detailed information about Internet Banking, Advantages of Internet Banking, Business Internet Banking, U. S. Internet Banking and much more. Internet Banking is affiliated with Best Internet Banks.
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