Banking on the Internet Today

Talking about conventional banking, you can already imagine the queue and long and tedious procedures. That was then. Now, most banks in developing and developed countries allow their customers to do their banking on the internet. Banking on the internet is extremely convenient and saves consumers a lot of time. One thing that we may have to concern ourselves with is the safety of banking on the internet. Internet banking replaces tedious tasks like writing and sending checks and personal banking-in of money through a teller or machine. Since we’re performing financial transactions on the internet, we have to make sure that the transactions are completely safe and secure. With the advancement of technology and internet banking infrastructure, most online banking websites are backed up with reliable and dependable systems that helps keep customers’ accounts and information away from prying eyes and malicious programs.
And of course, when you choose to do your banking on the internet, you’re looking at a bank that is open 24 hours a day, 7 days a week. This means, you can literally perform transactions through the internet banking website anytime and anywhere you want without the hassle of driving to the bank, finding a parking space, queuing up, waiting for your turn. Internet banking effectively transforms a task that usually takes about 1 hour into a 2 minute task!
Electronic Fund Transfers (EFT) depend a lot of a form of internet banking technology that utilizes stuff like codes, PINs (Personal Identification Numbers). In order to access your internet banking account, you are issued codes and PINs to help the internet banking system recognize and verify the authentication of the login. This helps protect your account. Some inbound funds transfer done through an internet banking website requires scans of signatures for the officer to verify your identification. However, this is not the case with ALL internet banking websites. The requirements depend a lot on the country that the internet banking website is located.
Through internet banking, you can also authorize or cancel direct debits or even authorize a direct withdrawal from your account for bills like insurance premiums, mortgages, and utility bills. The amazing thing is that you can view and verify these transactions all completely online so that you are notified if there’s something amiss with your internet banking account.
Some financial institutions back their internet banking facilities with a phone-banking system. If the internet banking facility is not for you, you can always pay bills or perform transactions through the phone. Interestingly, if you wish to have a card that ties in with your bank account, the bank will issue you a debit card. The debit card works very much like a credit card; except that you will need to have enough funds in your bank account in order to use the debit card. By logging in to the internet banking account, you can transfer funds from your savings or checking account to your debit card and use the debit card at merchant counters for your purchases.
In this busy and stressful modern world, internet banking seems to be the answer to our banking nightmares.

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Internet And Business Online

The best role of business online is that of interdependency. We’ve all heard the old saying, “No man is an island.” When it comes to online business this is especially true. If a business owner who takes their business into the online world determines they will be self reliant and never accept the help of anyone then that individual will not be in business long enough to change their minds. It is accepted fact that the greatest tool for long-term exposure to your website is through Search Engine Optimization (SEO). Without it potential customers can’t find you. It is unreasonable to expect that you can adequately develop a website without optimizing your website for the best possible search engine ranking. Search engines also place a high value on sites that have links placed on existing sites. These ‘backlinks’ demonstrate to search engines that others trust your site. By placing your link on their website these other businesses indicate a trust and recommendation for your site. In effect the two strategies listed above rely exclusively on what others can do for you when it comes to your online business. Shirley Temple once proclaimed in her movie Rebecca of Sunnybrook Farm, “I’m very self-reliant.” American westerns are filled with lines dealing with pulling yourself up by your bootstraps and holding down the fort. Many of us have grown up to believe if we want something done right we have to do it ourselves. This thinking is in opposition to the rules associated with an online business. The online world can only exist because people share. Individuals share technology, but the also share links, reviews, blogs, forums and a wide range of other marketing strategies that find a commingling of interdependency. In online business you are as dependent on others as they may be on you. Unlike the word ‘dependent’, the term interdependent indicates a mutual dependency. In other words you are depending on others to help provide links back to your site while they are equally dependent on you (or others) for the success of their business. Have you really taken a proactive approach to networking? It’s possible you are reading this today and you’ve never considered asking someone else to place a link to your site on his or her online business site. It can feel awkward depending on others to achieve online success especially if you’ve been lead to believe reliance on others is also a sign of imposing on their otherwise brilliant generosity. I suppose it could be a deep-seated sense of pride that makes it hard to consider the need to ask others for help. However, the truth is depending on others is really what has made the Internet possible. The growth of this online world is comprised of a link of computers, networks and servers that are connected in a way that provides the maximum benefit for all. Building an online business can feel a bit like trying to build a house of cards. Without the ability to rely on the other ‘cards’ around you it is virtually impossible to build. Interdependence. This is the essence of online business.

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