Internet Banking: A Reliable Way to Manage Finances
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This paper looks at the history of online banking and explains the difference between online banking vs. Internet banking. This paper presents the argument that Internet banking is the safest and most reliable form of banking available. The paper also argues that it is a strategic way for banks as well as customers to achieve competitive advantage in the digital age of electronic commerce. The paper addresses issues of security, lists the advantages of using financial services online and concludes that Internet banking is not only advisable but reliable and secure as well.
From the Paper:"Banking in fact is as primitive as human society yet over the centuries it has grown to be an important and dynamic industry. Today the banks are not only responsible for pooling idle money or savings and lending or investing it for profit (though this remains the primary function of a bank), they also undertake a lot of other enterprising activities to earn profit. Banking is primarily a profit-oriented business thus bankers employ a number of sources to widen their customer base to achieve their primary target. One truly significant technological revolution in banking industry since the ATM is online banking or Internet banking or ebanking. In the past, many people chose their banks according to their location. Now, banking is a universal consumer activity around the world and certainly for users of the Internet. The concept of Internet banking is active."
Cite this Persuasive Essay:
Internet Banking: A Reliable Way to Manage Finances (2003, October 12) Retrieved February 26, 2020, from https://www.academon.com/persuasive-essay/internet-banking-a-reliable-way-to-manage-finances-36568/
"Internet Banking: A Reliable Way to Manage Finances" 12 October 2003. Web. 26 February. 2020. <https://www.academon.com/persuasive-essay/internet-banking-a-reliable-way-to-manage-finances-36568/>