Online banking solutions have many features and capabilities in common, but traditionally also have some that are application specific.
The common features fall broadly into several categories
* Transactional (e.g., performing a financial transaction such as an account to account transfer, paying a bill, wire transfer, apply for a loan, new account, etc.)
o Payments to third parties, including bill payments and telegraphic/wire transfers
o Funds transfers between a customer's own transactional account and savings accounts
o Investment purchase or sale
o Loan applications and transactions, such as repayments of enrollments
* Non-transactional (e.g., online statements, cheque links, cobrowsing, chat)
o Viewing recent transactions
o Downloading bank statements, for example in PDF format
o Viewing images of paid cheques
* Financial Institution Administration
* Management of multiple users having varying levels of authority
* Transaction approval process
Features commonly unique to Internet banking include
* Personal financial management support, such as importing data into personal accounting software. Some online banking platforms support account aggregation to allow the customers to monitor all of their accounts in one place whether they are with their main bank or with other institutions.
The common features fall broadly into several categories
* Transactional (e.g., performing a financial transaction such as an account to account transfer, paying a bill, wire transfer, apply for a loan, new account, etc.)
o Payments to third parties, including bill payments and telegraphic/wire transfers
o Funds transfers between a customer's own transactional account and savings accounts
o Investment purchase or sale
o Loan applications and transactions, such as repayments of enrollments
* Non-transactional (e.g., online statements, cheque links, cobrowsing, chat)
o Viewing recent transactions
o Downloading bank statements, for example in PDF format
o Viewing images of paid cheques
* Financial Institution Administration
* Management of multiple users having varying levels of authority
* Transaction approval process
Features commonly unique to Internet banking include
* Personal financial management support, such as importing data into personal accounting software. Some online banking platforms support account aggregation to allow the customers to monitor all of their accounts in one place whether they are with their main bank or with other institutions.
No comments:
Post a Comment