1.0 INTRODUCTION The main purpose that banks have been serving since their inception iskeeping our money safe for us. While keeping our money safe, they also letus earn a certain amount of interest on the money deposited with them. Traditional banks have been doing this, and internet banks continue thesame function. The only difference is in the way the transactions are made.We all know about internet banking and most of us use it quite often as well,but few of us actually understand about the history of internet banking andhow it all came out. Knowing the history of internet banking can be incrediblyuseful, especially since it will allow us to have more respect for the littlethings that we take for granted.Computers themselves have really come an enormous way since their initialestablishment, as the earliest electronic computers were so large that theywould take up the entire area of a room, while today some are so small thatthey can hardly be seen at all.In today's world, computers play an incredibly large role in the way the worldexists in general, and the majority of tasks could actually not be completed if not for the use of computers. Although there are certainly some areas and jobs that cannot yet be completed solely by computers and which thus stillrequire actual manpower, for the most part, computers have helped to makelife significantly easier, productive, and more convenient for us all.Internet banking has been around for quite a few years now, but has reallyonly become prominent over the past year or so in particular. Internetbanking offers an array of different advantages to the user, including: account balances and history including year-to-date information, the abilityto transfer money from one account to another and to payees for billpayments, check history, reorders, and stop payments, check credit cardbalances and statements, complete online loan applications, secureinteractive messaging with staff, and much more.Internet banking
1.0 INTRODUCTION The main purpose that banks have been serving since their inception iskeeping our money safe for us. While keeping our money safe, they also letus earn a certain amount of interest on the money deposited with them. Traditional banks have been doing this, and internet banks continue thesame function. The only difference is in the way the transactions are made.We all know about internet banking and most of us use it quite often as well,but few of us actually understand about the history of internet banking andhow it all came out. Knowing the history of internet banking can be incrediblyuseful, especially since it will allow us to have more respect for the littlethings that we take for granted.Computers themselves have really come an enormous way since their initialestablishment, as the earliest electronic computers were so large that theywould take up the entire area of a room, while today some are so small thatthey can hardly be seen at all.In today's world, computers play an incredibly large role in the way the worldexists in general, and the majority of tasks could actually not be completed if not for the use of computers. Although there are certainly some areas and jobs that cannot yet be completed solely by computers and which thus stillrequire actual manpower, for the most part, computers have helped to makelife significantly easier, productive, and more convenient for us all.Internet banking has been around for quite a few years now, but has reallyonly become prominent over the past year or so in particular. Internetbanking offers an array of different advantages to the user, including: account balances and history including year-to-date information, the abilityto transfer money from one account to another and to payees for billpayments, check history, reorders, and stop payments, check credit cardbalances and statements, complete online loan applications, secureinteractive messaging with staff, and much more.Internet banking