Description:
Banks have traditionally been in the forefront of harnessing technology to improve their products, services and efficiency. They have, over a long time, been using electronic and telecommunication networks for delivering a wide range of value added products and services.

The delivery channels include direct dial – up connections, private systems, open systems and so forth and the gadgets incorporate phone, Personal Computers including the Automated Teller Machines, and so on. With the prevalence of PCs, simple access to Internet and World Wide Web (WWW), Internet is progressively utilized by banks as a channel for getting directions and conveying their items and administrations to their clients.

This form of banking is generally referred to as Internet Banking, although the range of products and services offered by different banks vary widely both in their content and sophistication.