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electronic banking
(redirected from Online banking)

   Also found in: Wikipedia, Hutchinson 0.07 sec.

electronic banking

Use of computers and telecommunications to enable banking transactions to be done by telephone or computer rather than through human interaction. Its features include electronic funds transfer for retail purchases, automatic teller machines (ATMs), and automatic payroll deposits and bill payments. Some banks offer home banking, whereby a person with a personal computer can make transactions, either via a direct connection or by accessing a Web site. Electronic banking has vastly reduced the physical transfer of paper money and coinage from one place to another or even from one person to another.



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Digital Insight sells software that lets banks and credit unions offer online banking to their customers.
More and more busy entrepreneurs are turning to online banking for both their business and personal needs.
Corillian Voyager and Intelligent Authentication Integration Simplify Online Banking Sign-in, While Protecting Against Online Fraud
 
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