Internet Banking (E-Banking) Essay Example | Topics and Well Written Essays - 1500 words

Internet Banking (E-Banking) - Essay Example This paper will analyze the concept of E-banking. More specifically, it will try to provide answers to the following questions in relation to E-banking. What is E-banking? What are the advantages and Disadvantages of E-banking? How are people accepting and using E–banking?Internet banking is another concept of web based banking. The deployment of whole sale or retail banking services can also be referred to as E-banking. It involves individuals, and corporate customers. The deployment of whole sale or retail banking services can also be referred to as E-banking. It involves individuals, and corporate customers. E-banking involves payments and settlements, bank transfer, household lending, documentary collection and credits and card businesses. E-banking services and products are accessed by customers who own accounts with E-banks. Customers make a request for information and conduct most of their retail banking transactions through computer, television and cell phones . E-bank ing also describes the electronic connection between customers and bank so as to help in preparing, managing and controlling financial transactions. From a broader perspective, electronic banking is the provision of banking services through other means rather than the physical bank branches. E-Banking provides financial services to customers through various means. These means include home banking, telephone banking, Internet banking, mobile banking and Automated teller machines .(Sarlak and Asghar, 2010). The driving force behind the adoption of E-banking by banks is to provide high interest rates and reduce service charges on the customers’ saving accounts. E-banks help to eliminate costs associated with virtual banks branches. This increases competitive advantage of e-banking with other banks (Sarlak and Asghar, 2010). Advantages and of E-banking Internet banking has numerous advantages as discussed below. More efficient bank rates The absence and reduction of virtual branc hes to serve customers has reduced overhead costs. This allows banks to pay higher rates of interest on customer savings and consequently, reduces charges on the loan rate on the mortgage and loans. Some banks have resorted to offering a high yield certificate of deposit (CDs), high yielding checking accounts and even non-penalty certificate of deposit (CDs) for making an early withdrawal. Additionally, minimum deposits are required to open bank accounts. The bank accounts do not carry any minimum balance or service charges (Koskosas, 2012). Customer Convenience E-banks operate full time at various locations provided internet connections are available. Electronic banks operate 24 hours in a day, 365 days a year if internet services are available. Mobile phones are used by customers to access services. The real-time accounts information and balances are readily available through the internet. Banking transaction services are made easier, faster, and more efficient. The changing of ma iling address by a customer on his or her account facilitates the updating and maintaining of a direct account. Through account update, the request of market interest rates and ordering of additional checks is made easy (Koskosas, 2012). Services E-banks have more websites that provide more feature than the website of physical banks. These features are forecasting and budgeting tools, financial planning capabilities, loan calculators, investment analysis tools and equity trading platforms- banks website also offer online tax forms, tax preparation and free online bill payments (Koskosas, 2012). Mobility Internet banking services are mobile. This means one can access them even when traveling. The designing of new applications, smart phones and other mobile accessories has improved mobility of E-banking services (Koskosas, 2012). Transfers Money can easily be transferred from the physical banks account in various branches

Museum paper Essay Example | Topics and Well Written Essays - 1250 words

Museum paper - Essay Example Adams is not only a photographer par excellence, he is also a famous environmentalist known for pushing preservationist agendas and working for the protection of the American natural heritage (Bowers, 2007). The sublime in nature is clearly evident in most of his works where the majesty of the natural environment is presented to the viewers unadulterated by colors. The collection on display at the Bowers Museum features not only pictures of nature but also of man and some which are in combination. Clearly, Adams was not looking at nature to the exclusion of human beings since he does take his own self portrait amongst natural surroundings even if it is just a shadow of his self which is imposed on nature. However, the images and the artist himself come with the implication that nature is certainly a fundamental part of who he is and what he thinks is important (Bowers, 2007). On the other hand, Chuck Close seems to be focusing on the art and wealth of effort which is required to produce a single work of art. While the works seem like pictures and images when seen from a distance, upon closer examination the art seems to dissolve into pixels that can be found on television or computer screens (OCMA, 2007). This I found to be quite magical since the image presented by the artists could change significantly depending on the distance I was standing away and the areas I was focusing on. Chuck Close’s work does not focus on the elements of nature which surround us but rather it focuses on the greatest creation of nature, i.e. human beings. More exactly, it focuses on the human face in its many variations, colors, shapes and ages. For example, the Self-Portrait of the artist shows a middle aged man who is looking directly at the audience while Emma shows a young child who seems to be gazing into the distance rather than looking at the viewer (OCMA, 2007).