Advantages of Mobile Banking Applications

According to recently concluded research reports, mobile banking software or apps used for conducting banking operations through a mobile device promotes faster completion of financial work. This and the fact that banking can now be conducted anytime anywhere by using this software, makes banking mobile apps the preferred option among today’s bank customers. Let us take a look at few advantages that banking mobile applications provide:

1. Time effective – Even when you are working or commuting, checking the balance in your account, managing and scheduling payments, adding a top up in your credit card, opening new accounts, and transferring money from one account to another is now possible at the click of just a few buttons. Since paying visits to banks is no longer essential, it saves up on time for a customer.

2. Easy to use – The banking mobile apps are designed in such a way as will enable even a non technical customer to conduct financial operations anytime and from anywhere. Thus, one does not have to pay extra for conducting banking transactions while shopping, traveling, or even while out on a holiday.

3. It is a secure option – Most financial institutions now offer security codes to their mobile customers in order to ensure added security while using apps for making transactions. Contrary to the popular belief that mobile banking apps are not secure, these types of software are now offering enhanced security features to their customers. The possibility of fraud is also reduced since the customers using mobile banking apps are alerted via SMS every time an activity is conducted in their accounts. As soon as money is deposited or withdrawn from bank accounts through activities such as fund transfer, check deposit, or cash withdrawal, the customer will receive an SMS alert on his/her mobile device irrespective of whether the smartphone is connected to the internet or not.

4. Two way benefits – Banking through the use of mobile apps benefits not only the customers but also the financial firms. It is a cost effective solution for banks, since they no longer have to spend on tele-banking. Moreover, it helps the banks understand the way their customers make monetary transactions, and hence they can improvise on means to better their customer care services. They can also identify their target customers better and promote services and products such as different types of loans and credit cards to this section of audience.

5. Reduces total cost incurred by customer – The financial firms offer mobile banking services at prices lower than what the customer would have to incur if he/she had to be involved in normal banking transactions where visiting the financial firm would be necessary.

6. Mobile banking is better than internet banking – The advent of banking mobile apps has transformed the face of banking like even internet facilities could not. This is because of the fact that in the case of the latter, having a computer with an internet connection is mandatory. But in the former, just having a smartphone is enough. Connectivity is no longer a problem in an age where Wi-Fi surroundings are available in most areas, even remote localities. The cost is lower in the case of banking with the help of mobile apps; moreoverScience Articles, the system is also portable.

Banking Careers Given A Boost Through ICICI, HDFC & IndusInd Bank Recruitment 2013

For all those people who are looking forward for recruitment in the banks, the present day scenario is quite lucrative because banks are coming out with a variety of job opportunities.

People are required to handle the work of the banks in different divisions and in the newly launched branches. On the whole, the demand for skilled people is increasing across the private and public sector banks, throughout the country. Since the major private banks in the country are the ICICI bank and the HDFC banks, many jobs are found in these banks.

It is because of the vision of a few people who had planned for providing easy banking facilities to the public, that such banks were created. And now these banks are not only catering to the banking solutions for the people, but they have become channels of employment for those banking aspirants who wish for a prosperous career in this particular sector. These private sector banks have been providing employment in variety of posts such as relationship managers, customer executives, and many others. It is more through the presence of a large number of branches that the manpower required is so high.

To fill up the vacancies and to recruit people into the new branches, the ICICI bank recruitment 2013 will be done in different posts. Candidates fulfilling the eligibility criteria are waiting up for these opportunities to come along, so that they can put in their applications and become a part of such a large private bank in the country. It is almost common to find the ICICI banks and ATMs in smaller cities and towns, throughout the country. Without active recruitment and readiness to join the large corporate banking sector, it wouldn’t have been possible for the bank to have such a widespread presence in the country.

HDFC bank recruitment 2013 will similarly herald the job opportunities and then people will put in their applications to start a career in banking. Also, those engaged in other banks will try and find employment in the HDFC or ICICI banks, so as to give a boost to their careers by having the names of these bigwigs associated with their resumes.

IndusInd bank is another large private sector bank, in the mode of expansion and effort to have a pan-Indian presence. To be able to meet the demands of the customers, the bank will be making public its advertisement for the IndusInd bank recruitment 2013, so that its branches throughout the country are manned with skilled employees. This will be another opportunity for the banking job aspirants to gain a career that is going to be prosperous as well as progressive.

Because of the large stature of these private banks in India, plenty of applications are usually seen coming in for the various posts. According to the eligibility and fulfilment of other qualifications, candidates will submit their applications and go through the recruitment process so as to find their place among the best in the banking employees.

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ICICI bank recruitment 2013 , hdfc bank recruitment 2013 , indusind bank recruitment 2013

What you need to know about investments banks?

Investment banking firms provide business all the capital they need, and they also have advisory services for different types of investors. On the other hand, investment banks should take care of investing in company assets and searching for investors that will make the business go further. However, choosing an investment bank can take some time, and you should know what are the right questions to ask, if you are trying the best bank for you.

Finding a proper investment bank

It may seem insignificant, but the size of investment banking firms is very important. The smaller banks will offer you more one-on-one sessions, and they can give you all attention you need. The reputation is also very important, and you should find out if the bank has proven its success, and how it worked with other clients so far. On the other hand, even if you are a beginner in the investment area, it is crucial to know if there is a strategy that the bank has for the future, and wants the kind of goals it wants to achieve in the future. In the end, the atmosphere can tell you a lot about a particular bank. It includes all the people involved in your project, how much they are willing to help you, and what kind of ambitions they have when investing.

General or specialist investment banks?

When it comes to investment banks, there are two major types, and they both offer different advantages for your business. General investment banks usually focus on providing clients with all necessary advices, but they still handle monetary transactions. Those types usually take care of rising the equity capital, rising the debt capital, launching new products and they can be also engaged in proprietary trading. On the other hand, specialist investment banks are "specialized" for particular sectors, and they mostly want to help small business with a particular niche. Their major benefit is the ability to help a company develop in a specific way, depending on its niche, which is very important nowadays. However, before you decide on any of those two types, you should understand your own niche, products and future goals.

There are also buy side and sell side services, where the first one works with pension funds, mutual funds and hedge funds, but the second one is focused on placing new bond issues, and helping clients facilitate transactions.

No matter what type of company you have, the investment banking will help you acquire the fundsBusiness Management Articles, and all you have to do is find the one that will get your business to the higher level.

Save The Trees – Use Less Paper With Bank of America Online Banking

We all use paper everyday – to write on, to draw on, to scribble on, to wrap fish in or to play wastebasket basketball with. We also use paper for things like bank account statements and billing statements. If you multiply that with the number of people in the country that’s a lot of paper that’s being used up – and a lot of trees.

That’s also a lot of paper records that you need to have and keep track of – not really an easy task for many. But there’s a way to get rid of the paper and still get the same information from your accounts and billers – online banking.

If you already have a Bank of America bank account then you’re eligible to sign up for their online banking service. Register using your ATM or debit card number, the PIN, your social security number and a valid email address.

Once inside you can view all your personal Bank of America accounts – savings, checking, money market accounts, and certificates of deposits, credit card, lines of credit, mortgages and even individual retirement accounts. This also includes all your out-of-state accounts (except in Washington State and Idaho). You can also view your business accounts although you will need to apply for another ID for that.

Eligible accounts automatically get the electronic versions of their paper statements – just that you don’t have to wait for it in the mail. You have the option of getting the electronic statements while still receiving the paper statements through the mail.

But you can choose to opt out of the paper statements altogether and just stick with the electronic versions. Once you do that you will receive email notifications telling you when an electronic statement is available for your perusal. You can either print them out or download them to your computer for your records.

You have that same option when it comes to your bills once you sign up to the optional bill pay service. Simply add the billers that you already pay into your “pay to” list and opt to receive their electronic bills instead of the paper bills. Like the electronic statements, you will also receive an email notification once you get an e-bill.

To pay the bill simply click on it, enter the amount you want to pay and set the payment schedule (hopefully 5 business days before the due date to give your biller time to process and credit your account). Do take note than not all billers send e-bills – check the list on the Bank of America Website.

With bill pay you can pay almost anyone at anytime. You can even choose the account you want to pay it from – your checkingBusiness Management Articles, your money market account or your credit card. You can even set up recurring payments for your regular bills and do schedule it up to a year in advance.

With online banking you not only save the trees but you also give yourself the convenience and save time that you would have spent writing checks and mailing them out.

History Of Internet Banking

We all know about internet banking and most of us use it quite often as well, but few of us actually understand about the history of internet banking and how it all came out. Knowing the history of internet banking can be incredibly useful, especially since it will allow you to have more respect for the little things that you take for granted.

How it All Began

Computers themselves have really come an enormous way since their initial establishment, as the earliest electronic computers were so large that they would take up the entire area of a room, while today some are so small that they can hardly be seen at all.

In today's world, computers play an incredibly large role in the way the world exists in general, and the majority of tasks could actually not be completed if not for the use of computers. Although there are certainly some areas and jobs that cannot yet be completed solely by computers and which thus still require actual manpower, for the most part, computers have helped to make life significantly easier, productive, and more convenient for us all.

The history of Internet banking obviously begins with the history of the Internet, which is notoriously known throughout the world now as a household name, but which actually did not even exist too long ago.

Although the term Internet was first adopted around the year 1974, it wasn't until the 1990s that the Internet became a really universal adoption. The Internet grew incredibly throughout the 90s, and as it continued to grow, various different search engines and Web directories were created in order to assist Web browsers, as well to track pages on the Web and allow people to find things more easily.

Internet banking has been around for quite a few years now, but has really only become prominent over the past year or so in particular. Internet banking offers an array of different advantages to the user, including: account balances and history including year-to-date information, the ability to transfer money from one account to another and to payees for bill payments, check history, reorders, and stop payments, check credit card balances and statements, complete online loan applications, secure interactive messaging with staff, and much more.

Internet banking basically allows you to be able to do everything that you can in your regular banking institution, only with the benefit that you can do it all right from the convenience of your own home. Not only is this great because you can be comfortable and have peace of mind knowing that you can keep track yourself of all your banking issues, but as well it allows for more ease because you never have to worry about rushing out and making it to the bank in timeFind Article, as you can complete Internet banking tasks around the clock.

Bank Recruitment- To Start The Career in Banking

Many people are nowadays seeking jobs in the banking sector. There are many graduates who wish  to start their career in banking. There are many speculations made about the steps which are involved in jobs in banking sector. There are some people who are involved in banking sector but still want more and more improvement. They wish to transfer from one bank to another. There are several job opportunities that are involved in sector of banking

A lot of opportunities are offered by banks to the young graduate trainees. These graduates come from different backgrounds. These backgrounds include accounting, business, finance, information technology, marketing, administration and psychology. At entry level, a lot of young graduates are recruited for various jobs. People who have finance or accounting background can enter into the finance departments. Those who have a psychology and marketing background can be employed in the marketing and customer care departments. Bank recruitments are very beneficial for young graduates. A promising career is in the sector of banking to the Information Technology students. Thus there is a growing need of professionals.

The first step that the young graduates should follow is that they should browse several opportunities that the banking sector offers. Depending on the qualifications and training, various career opportunities are offered to them. There are various banks which recruit large number of professionals with various training backgrounds. There are large opportunities for finance, marketers, information technology and accounting as well. Opportunities in customer care experts are also very large. Bank recruitment is done for various people with diverse backgrounds.

The second step in bank recruitment is writing the curriculum vitae. The CV should be prepared in accordance  with jobs which the applicant is seeking. A person who is seeking IT jobs should mention it clearly in the CV that he is interested in an IT job. Same is the case with people who are seeking career in finance and marketing. The CV is a marketing tool which the people use for marketing themselves as a prospective employer.
Then the job applicants should further pass  their CV and  post them to the prospective employers. A custom made CV should be present with every employment opportunities. It should be according the demands of the employers. Once the CV is posted, the applicants should wait for the response from the bank. There are chances that they may be  called for further interviews as  well.

Once the bank calls  them for interviews, one should be very prepared for understanding the specific job requirements and the future roles that are expected from them by the organization. No shortcuts should be taken. One should pass the interview according to personal aspirations as well as the needs of the bank.

Bank recruitment is a process where the right candidates are identified by the banks for the various opportunities that arise in the banking sector.  Many necessary steps are taken by young graduates for proving the employers that there is no one better than them.. They show that with their talents

Internet banking fundamentals

Traditional banks have monitored the popularity and growth of the internet, and realising customers wanted greater control of their affairs, have created their own internet banking web sites. Customers now have the freedom to securely perform their banking 24 hours a day 7 days a week, where they can pay bills and set up recurring savings or payments, monitor check clearances and perform other tasks like transfers and balance enquiries through an internet connection. The banks also benefit from a lesser need for staff due to the migration to internet banking where customers serve themselves.

The purest form on online banking is the virtual bank, where the only place they exist is in cyberspace. These banks, and all other internet banking continue to grow in popularity because they are convenient, saving customers time and money. To help the growth and assist customers to make the change, many traditional banks offer minimal fee or completely free transfers to help customers migrate to their online banking service. Others will also enable you to set up online banking by simply transferring your funds by check.

Internet banking has revolutionalized banking with immediate global access to your bank accounts using a secure internet connection. Paying bills, transferring funds and just plain monitoring your account are all possible with minimal stress whether you are ravellingScience Articles, holidaying or working anywhere in the world.

Online Banking Vs. Mobile Banking

While PC-based online banking is not much older than a high school student, mobile banking is still in elementary school. With the proliferation of smartphones, however, online banking’s younger sibling is quickly catching up to the slightly more established option.

Banking through your PC’s web browser offers a full menu of services. You can easily and conveniently schedule payments, transfer funds, add new payees, open new accounts, apply for loans, view current and past statements, and access information about specific checks that have been deposited. A PC or Mac allows you to view an extensive array of details and options, giving you full control of your accounts.

Mobile banking is very popular internationally. In some parts of the world, traditional banking infrastructure is not consistently available, and so mobile banking is the primary banking option. With a few exceptions, mobile banking, typically conducted via mobile application, offers the same basic features as browser-based online banking. In particular, mobile banking emphasizes “transactional” features, such as bill payments, check deposits (where available, this feature allows a customer to take a picture of a check to be deposited), mobile person-to-person payments, and balancing checks.

Mobile banking can also offer additional security by enabling text-backs, which employ a customer’s phone as a second form of authentication when using either browser-based or mobile banking.

If you use your smartphone to access your bank’s website directly, the website may recognize that you are using a mobile browser and automatically offer you a dedicated application. If not, search your preferred mobile market or app store to see what your bank offers. Either way, it’s a good idea to give mobile banking a try. It’s a time-saver that can often be more secure than traditional online banking.

Robert SicilianoFree Reprint Articles, personal security expert contributor to Just Ask Gemalto. Disclosures

E-banking (Online Banking) and its role in today’s society

The world is changing at a staggering rate and technology is considered to be the key driver for these changes around us (Papers4you.com, 2006). An analysis of technology and its uses show that it has permeated in almost every aspect of our life. According to Tero et al (2004) many activities are handled electronically due the acceptance of information technology at home as well as at workplace. Internet can be seen as a truly global phenomenon that has made time and distance irrelevant to many transactions. According to Heikki et al. (2002), the transformation from the traditional banking towards e-banking has been a ‘leap’ change.

The evolution of electronic banking started from the use of automatic teller machines (ATM) and has passed through telephone banking, direct bill payment, electronic fund transfer and the revolutionary online banking (Alter, 2002). The future of electronic banking according to some is the acceptance of WAP enabled banking and interactive-TV banking (Petrus & Nelson, 2006). But it has been forecasted that among all the categories, online banking is the future of electronic financial transactions. The rise in the e-commerce and the use of internet in its facilitation along with the enhanced online security of transactions and sensitive information has been the core reasons for the penetration of online banking in everyday life (Papers4you.com, 2006). According to the latest official figures from the Office of National Statistics (ONS, 2006) indicate that subscriptions to the internet has grown more than 50% from 15 million in 2000 to 35 million in 2005 in the UK. It has also been estimated that 60% of the population in the UK use internet in their daily lives.

The fundamental shift towards the involvement of the customer in the financial service provision with the help of technology especially internet has helped in reduce costs of financial institutions as well as helped client to use the service at anytime and from virtually anywhere with access to an internet connection. According to theorists (Walfried et al., 2005) customer evaluation of the electronic services is influenced by attributions of success and failure in inter personal service situations. The use of electronic banking has removed the banking personnel that facilitate the transactions and has placed additional responsibilities on the customers to transact with the service. Although the use of E-banking is provided for the benefit of the customers but these changes require increased work or involvement on the part of customers. These and other factors might be seen as lesser service provided in terms of customer service. But these assumptions would be wrong if the customer knows the value of using the electronic service.

Thus it can be concluded that a fit between task i.e. the banking; technology i.e. the user interface and its reliability; and individuals i.e. the customers and their knowledge about using the service, is the key to successful E-banking services (Zigurs & Buckland, 1998).  

References:

Alter, S. (2002), “Information Systems” 4th Edition, Prentice Hall

Heikki Karjaluoto, Minna Mattila, Tapio Pento (2002), “Factors underlying attitude formation towards online banking in Finland”, International Journal of Bank Marketing; Volume: 20   Issue: 6; 2002 Research paper

ONS (2005), “Office of National Statistics”, www.statistics.gov.uk

Papers For You (2006) "P/F/174. Dissertation. Adoption of Online Banking", Available from Papers4you.com [18/06/2006]

Papers For You (2006) "P/F/174. Dissertation. Adoption of Online Banking", Available from <a href="http://www.coursework4you.co.uk/sprtfina35.htm">Papers4you.com</a> [18/06/2006]

Petrus Guriting, Nelson Oly Ndubisi (2006), “Borneo online banking: evaluating customer perceptions and behavioural intention”, Management Research News; Volume: 29   Issue: 1/2; 2006 Conceptual Paper

Tero Pikkarainen, Kari Pikkarainen, Heikki Karjaluoto, Seppo Pahnila (2004), “Consumer acceptance of online banking: an extension of the technology acceptance model”, Internet Research; Volume: 14   Issue: 3; 2004 Research paper

Walfried M. Lassar, Chris Manolis, Sharon S. Lassar (2005), “The relationship between consumer innovativeness, personal characteristics, and online banking adoption”, International Journal of Bank Marketing; Volume: 23   Issue: 2; 2005 Research paper

Zigurs, I. & Buckland, B. (1998), “A Theory of Task/Technology Fit and Group Support Systems Effectiveness”, MIS Quarterly, Sep98, Vol. 22 Issue 3, p313-334Free Reprint Articles, 22p

The Banking Internet Basics

With the popularity of the Internet and the power it gives people to take control of their lives, many traditional banks have created banking Internet web pages where customers could transfer money, set up bill payments recurring or otherwise, quickly check items that have cleared, and many other functions that can be accessed 24 hours per day 7 days a week. This banking Internet option has been very popular not only for customers who want to have some control over their account without having to go to the bank but for banks as well whose man hours have been freed up from performing simple tasks like balance inquiries, account transfers, and the like because the customer does it himself with banking Internet.

Banking Internet options also include virtual banks. This is the truest form of banking Internet simply because these banks only exist online. Banking Internet options have become popular because they save customers time and money, which is a very trendy combination. Banking Internet which only exist online means you will have to transfer your money to the new account or else mail a payment via check. Since the whole idea of banking Internet is to make banking as easy as possible, most banking Internet sites will allow you to make a transfer from a brick and mortar bank to the banking Internet site as often as you like with no charge or a small fee.

When you utilize banking Internet options you are able to access your account, move money, pay billsArticle Submission, and any number of things from any computer with Internet access worldwide. This is amazing and makes traveling a lot less stressful as well because with banking Internet you always know where your account stands.