what is computer and electronic banking?

what is computer and electronic banking?

COMPUTER BANKING the banking business has been revolutionized by computer technology. deposits and withdrawals are instantly logged into a c... 05:39

COMPUTER BANKING
the banking business has been revolutionized by computer technology. deposits and withdrawals are instantly logged into a computer's account.computer-generated monthly to contain any error unless they arise during manual entry of check amounts. the technology of minicomputer networking , allows the amount of a grocery bill to be immediately deducted from the customer's bank account and transfer to the grocery store. similarly, networking allows individual to obtain cash instantly and almost worldwide by simply stepping up to an automated teller machine (ATM) and providing the proper card and personal identification number(PIN). the disadvantage of this technology is the security problems. intruders can see packets travelling on a network and can perhaps interprets them if not carefully encrypted to obtain confidential information of financial transactions. network accession personal accounts has the potential to let intruders not only see how much money an individual has but also to transfer some of it elsewhere.
     ELECTRONIC BANKING
electronic banking has many advantages such as deposits and deposits and withdrawals are instantly logged into a customer's account.ATM's are used world wide to obtain cash instantly. modern computer networks allow our bills at retail stores to be immediately deducted from our bank accounts and transfer to this webpage.