Online Banking Definition

We pledge to cover any money loss from your account or card resulting from a transaction you had not authorised. Every time you want to transfer cash to a contact, all the details are filled in automatically. In the Contacts you can save account and card numbers that belong to family, friends, colleagues or other people that you often carry out transactions with. The tax deduction calculator adds up all the transactions carried out online through Eurobank that build up your tax deductions. If you are a salaried employee, a pensioner up to 70 years old or a farmer, you can build up your tax deductions when you shop online or make payments with e-Banking.

Credit Cards

In a similar line, ATMs are standardized, and their hardware parts are not developed by the banks themselves at all. It can explain why ATM development does not significantly affect a bank’s market share, despite the fact that ATMs decrease service prices and improve accessibility . Table4 demonstrates the means, standard deviations, and correlations for all variables used in this study. We calculated the Pearson correlation coefficients using SPSS software to estimate the general pattern of relationships between the variables and to check the probability of multicollinearity among them.

Transactions Using Your Mobile

It enabled them to maintain electronic checkbook registers, see account balances, and transfer funds between checking and savings accounts. The other three major banks — Citibank, Chase Bank and Manufacturers Hanover — started to offer home banking services soon after. Chemical's Pronto failed to attract enough customers to break even and was abandoned in 1989.

For re-activation of I-Net banking services please visit your nearest AKBL branch for bio-metric verification, thereafter call on AKBL call center to generate your new one-time password. After that visit Askari I-Net Banking website and sign in using your User ID. You will then be asked to enter one-time password to create new password for activation of your services. Likewise, Aburrous et al. implement an intelligent and efficient model based on an association classification data-mining algorithm. This algorithm is used to identify rules and factors, to classify the phishing website and the relationship that correlates the elements and standards together. They implement six different techniques to extract text features from 120 sites to classify their legitimacy. They demonstrate the feasibility of using each classification method in real applications involving large datasets and achieved better performance as compared to other traditional classification algorithms with an error rate of 12.62%.

Electronic Bill Payment & Presentment is a process, which companies use to collect payments via the Internet or other electronic methods. Through project financing, Al Baraka offers the solutions for infrastructure, industrial and other long term projects. We believe in nurturing and developing long-term relationships with our customers by understanding their unique financing requirements and offering the most appropriate financing solution. Descriptive statistics, including frequencies and percentages, were used to describe the variables’ characteristics. Moreover, inferential statistics were used to determine and to explain the relationships between the independent variables and dependent variable. Thus, because our structural model was not a mediating model and was just a simple path analysis, we used the EFA and CFA to test our measurement model and regression to test our structural model.

For best viewing our website, please access through Google Chrome, Firefox or Microsoft Edge . Islamic Export Refinance is a unique Shariah compliant product provided to exporters to meet their special requirements in a completely Shariah compliant manner. Murabaha is a sale of goods/commodities to a customer on a deferred price basis. In Murabaha, Al Baraka purchases a raw material/commodity on behalf of a customer and subsequently sells it to him on agreed cost and profit basis. Both cost and profit are disclosed and agreed with the customer at the time of sale of goods. AN analyzed and interpreted all the data, and was a major contributor in writing the manuscript.

Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a wide range of accounting, corporate finance, taxes, lending, and personal finance areas. Jake Frankenfield is an experienced writer on a wide range of business news topics and his work has been featured on Investopedia and The New York Times among others. He has done extensive work and research on Facebook and data collection, Apple and user experience, blockchain and fintech, and cryptocurrency and the future of money. The primary aim is to partner with our customers by suggesting practical, cost-effective and structured solutions so that they can make the most of the business opportunities that arise and maximize their financial returns. Ijarah is a contract whereby the owner of assets transfers its benefits to customer for an agreed period, at an agreed consideration.

Internet Banking

However, the feature set that needs to be more comprehensive because it is based on text only to detect the phishing of e-banking websites. As the number of features is based on text only, the process needs to include more web page features such as images and frames for identifying e-banking phishing sites to improve accuracy. The Bank of the Cook Islands introduced online banking in 2015, under the leadership of Vaine Nooana-Arioka. In January 2015, WeBank, the online bank created by Tencent, started 4-month-long online banking trail operation.

Corporate & Investment Banking

In addition, most of the studies of innovative banking services were performed in developed countries. Chen and Puttitanun asserted, however, that developing countries may radically differ from developed countries when exerting and exploiting innovation. It is useful to study the relationship between the development of e-banking channels and bank market share in developing countries like Iran. The SMS text usually quotes the transaction amount and details, the TAN is only valid for a short period of time.