A battle of convenience vs security
*Stay at home and do all your transactions like fund transfer or paying bills without using up much of your precious time.
*This means more free time for everyone!!!
*Want to know more advantages? learn more.
Advantages of offline banking
*You can talk to a human being in person and get a clear solution to your problem if you are having difficulty with regards to banking.
*You get to exercise if you walk to the bank or minimal exercise when driving a car.
*Security in the physical world is much more intuitive for most people- keep your checkbook in a safe place or don't let someone peek when you are entering your PIN.
Disadvantages of online banking
*If you are having problems, your queries won't be answered immediately unlike when you are physically in the bank. The reply to your query might take time.
*Online security is opaque to the end user. People who aren't particularly tech savvy have a tough time differentiating between good online security practices and bad online security practices.
Disadvantages of offline banking
*It takes to much time to drive to your bank then, lining up to pay bills. Watch this video representation of online and offline banking.
Online banking has grown dramatically—indicating that security concerns common a decade ago have been alleviated.
Consider:
• Strong user growth
—Online banking in the US grew to 44 million consumers in 2006. -In the UK, online banking usage has grown 50 percent since 2005.-In Finland, only 10 to 15 percent of all banking transactions are now done over-the-counter.
• Less hacking
-A 2006 Gartner survey showed only 8 percent of banks reported external hacks against their systems.
• New forms of attack required
-Since direct hacks against banking systems became very difficult, cyber criminals have resorted to phishing consumers with falsified emails. Today, 60 percent of banks report suffering from phishing attacks.
Are you ready to use and feel the advantage of online banking? mouse here.
More visual disadvantages of offline banking...
The famous ATM ipit-pera modus operandi
Bank Robbery
... aside from the famous hold-up events.
On an end note, we all know that we can't purely depend on online banking because there are those times that you really need to go to the bank physically.
This is just merely an article showing some of the advantages and disadvantages of online banking and offline banking.
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1 comments:
hi I m swati Sharma doing B.Tech in computer science from PTU. I have a project in offline Banking.I want to know about offline banking in detail. plz help me.
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