OVERVIEW OF E-BANKING
E-Banking have started to be known widely in the 1990s. Even so, consumers are still hesitant as they are still new. It took a widespread adoption of electronic commerce such as Amazon.com and Ebay.
E-Banking is an electronic payment method that were design in many shapes and forms. it also enables you to have easy and safe access to your bank account.
E-Banking is an electronic payment method that were design in many shapes and forms. it also enables you to have easy and safe access to your bank account.
The Advantages of E-Banking are:
- The ability of paying our bills online
- Easily view your previous transaction
- Transfer money between accounts easily
- Mobile banking
- Syncing with you money application
The disadvantages of E-Banking are:
- Lacking personal contact
- Security is a concern
- Credit scores are tighter
- Lacking awareness makes you an easy target
- Lacks of record savings
Most people only know Online Banking when they were asked about E-Banking. Our society does not realize taht a lot of payment methods that we used are classified as E-Banking. This methods such as E-Cheque, Debit Card, Smart card and also ATM (Automated Teller Machine).
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