Electronic & Telebanking
1. Electronic/Tele Banking
1.1. Overview of Electronic/Tele Banking
From a general perspective electronic/Tele banking means the ability to have 24-hour access to the bank either through web based services, mobile services such as SMS banking or simply be able to transact through an automated teller machine (ATM).
Electronic/Tele banking, also known as Electronic Fund Transfer or Electronic Financial Telecommunication, uses computer and electronic technology as a substitute for checks and other paper transactions and are initiated through devices like cards or codes that let you access th…
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