Electronic Banking
Transfers of funds occur between financial institutions such as banks and credit unions. They also occur between financial institutions and commercial institutions such as stores. Whenever someone withdraws cash from an automated teller machine or pays for groceries using a debit card , the funds are transferred via electronic banking. Live Account In the United States in- home banking was "is still in its infancy" with banks "cautiously testing consumer interest" in 1984, a year after online banking went national in the UK. At the time Chemical Bank in New York was "still working out the bugs from its service, which offers somewhat limited features". The service from Chemical, called Pronto, was launched in 1983 and was aimed at individuals and small businesses. Internet Banking For Business In 80 percent of the cases, the source of the intrusion is unknown but it occurred during online banking, the report states. A mergers-and-acquisitions wave sw...