online banking

Transacting business with a bank, savings & loan or other financial institution over the Internet rather than in person at a branch or drive-in location. Customers can view their account balances, transaction history and cancelled checks, as well as pay bills, transfer funds and apply for loans. Most banks offer online banking as an option, whereas a "virtual bank" has no physical branches and conducts all business online.

Mobile Banking
Mobile banking is online banking via smartphones and tablets. Using a dedicated mobile app, all transactions can be handled from any location worldwide. See mobile check deposit and virtual bank.

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References in periodicals archive

The term "home banking" generally refers to the use of an electronic device - television, home computer, or telephone - to accomplish banking tasks.

Electronic home banking

Home banking was not the primary "line of commerce" or relevant market in the Justice Department's complaint.

Efficiency and antitrust considerations in home banking: the proposed Microsoft-Intuit merger

Through home banking you can pay bills, set up standing orders, transfer cash between accounts, and order statements, cheque books, and foreign currency.

Personal Finance: Banking by phone puts your cash on the line

Logistically, it is relatively easy to launch a home banking service, but the task of setting up an IT infrastructure should not be underestimated.

Pruning the branches

Once the decision was made to incorporate home banking by phone within the personal banking strategy, TD Bank worked with Canadian consulting firm Phonetix to identify the voice response technology best suited for a national rollout of the program.

Banking can be as easy as ordering pizza

The most common online financial crime involves stealing credit card numbers and withdrawing funds from the estimated 3 million Brazilian users of home banking. Spying for companies that pay to discover a competitor's business strategy is another growth sector.

Send the Cypercops

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