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electronic banking

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electronic banking

In computing, system whereby a user can execute banking transactions via the Internet. Electronic banking has become popular in many countries around the world, providing bank customers with the ability to check personal and business bank and credit card account balances online, view and print a list of recent transactions, and pay bills instantly. Money can be transferred immediately (or at a future date) from a customer's account to a business partner or to another of the customer's own accounts. In addition, account transaction details can be downloaded to a PC into a financial software package (such as Intuit Quicken or Microsoft Money) or a spreadsheet. As well as Internet banking, some banks also provide access to accounts through interactive digital television or via mobile phones.



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Through this promotion, 40 customers were rewarded for using electronic banking channels, winning cash prizes of AED 5000 each.
Byline: Dubai Air Arabia, Middle east's first budget airline, and Dubai Islamic Bank (DIB), a leading Islamic bank, have launched a new ticket payment method for Air Arabia customers via DIB's electronic banking channel.
Summary: Internet payment of business transaction through interbank smart card (CIB) is to be launched in Algeria as from July 2009, the company for automation of interbank transactions and electronic banking (SATIM) said Sunday.
 
 
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