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Core Banking is a general term used to describe the services provided by a group of
networked bank branches. Bank Customers may access their funds and other simple
transactions from any of the menber branch offices at REAL TIME.

Finacle core banking solution is a comprehensive, integrated yet modular business

solution that effectively addresses the strategic and day-to-day challenges faced by banks.
It is highly parameterizable providing that much-needed flexibility to innovate and adapt
to a dynamic environment.

The solution has an integrated CRM module enabling banks to offer a rich and
differentiated value proposition to customers. The layered Service Oriented Architecture
(SOA), STP capabilities, Web-enabled technology and 24X7 operations ensure multi-
channel, multi-country and multi-currency implementations. The functionality-rich
modules in the solution provide banks with a varied palette of features to continuously
innovate on their product and service offerings. From the services innovation perspective,
Finacle offers a comprehensive and unified customer repository with capabilities to
educate and empower customers. With Finacle core banking solution, banks can meet the
challenges of managing change, competition, compliance and customer demands
effectively.

CORE-Centralised Online Real time exchange..that what i have heard it to be. I searched
many sites but dosen't find the expansion relevant to CORE in CORE banking..

There are many different core branches to banking, however, the main ones are Halo 4
and Call of Duty 7, please buy me them.

IMPLEMENTATION OF CORE BANKING SOLUTION

Repco’s technology initiatives are clearly focused on the customer. The drive for the CBS
came from the Chief Executive & I.T. initiatives are growing day-by day. The level of
attention spent by top management to leverage IT as a tool to achieve and sustain
operational excellence is increasing. I.T. function at the bank ensures that it lowers
operation costs and gives the organization a competitive edge in the market.

100% Reconciliation of Inter Branch accounts.

Effective Internal Audit system is implemented and periodical reports obtained.

Qualitative improvement in credit appraisal.

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Improvement in post sanction follow-up such as ensuring submission of stock / audited

financial statements at periodic intervals / renewal of insurance policies / ensuring end
use of funds.

Introduction of Treasury Operations contributing to increase in Operating profit.

Move towards “anywhere banking facility”.

ATM Installation.

Qualitative MIS Data available for Decision Making.

100% Data security is facilitated & Pioneer in implementing CBS in the Cooperative
Banking sector.

IDG, India’s CIO magazine has recognized Repco Bank as a recipient of 2008 CIO
Award. It recognizes Organizations that exemplify the highest level operational and
strategic excellence in Information Technology (IT). Sri R.Rajagopal, General Manager
(IT) from Repco Bank selected for this award.
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3i Infotech - KASTLE secure banking solutions

ABBA Software - Novo Doba core banking system

ABIS Systems - ABIS (obsolete - website www.abis-systems.com is defunct 2007)

Abit - Bankcore - BASSX and BASSX2

Acute Softwares - EasyBankCore co-operative banking system

Allshare Banking Solutions - Retail Bank Solution (Quaestor), Private Bank Solution
(Bank/View), e-Banking

AllTel - Systematics >> see FIS Fidelity

Alnova Financial Solutions - Alnova 'A la Carte'; Alnova Jetbank (formerly Altamira)

Antegra - Bi banking system, Bi Card, Treasury Back Office (TBO) module, SEPA
Direct Debit

APAK - BEAM Core (formerly Aurius core banking), SWORD BEAM, wfs

Aran - Diameter (website defunct 2007)

ASI Arango Software International - ABANKS (AB@NKS) core banking

AttentiV Systems - Summit retail banking solution (formerly from Lynx Financial) -
see >>> TietoEnator

Automated Systems Inc - Insite Banking System (US)

AutoSoft Dynamics (ASD) - AutoBANKER II, AutoIBANKER

Avaloq - Avaloq Banking System

BankVison Software - Core BankVision

Bantotal by De Larrobla & Asociados (DL&A) - Bantotal Nucleo

Bavaria Banken Software - IBP International Banking Package

BML Istisharat - ICBS

B-Source SA (formerly Boss Lab) - B-Source BPO and ITO services

Callatay & Wouters - Thaler

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Canopas Software Laboratory - macrobank4 core banking software, macrobank ru

CFT | Center of Financial Technologies - CFT-Bank core system, CFT-Retail banking

solution

CGI Group - RFS core banking + HORIZON CRM, Loan Origination, Delinquency
Management systems

Chordiant (US solution)

CMC Limited (TCS Group) - TC/4 Total Concept - 4 core banking | BRAINS 2000
branch system retail banking

Cobis Corporation | Cobiscorp, Macosa SA, MicroBanx Systems - COBIS Core Banking
| COBIS UBS (universal banking solution)

Craft Silicon - Bankers Realm (BR) core banking, Bankers Realm mfo microfinance,
BR.NET

Crystal Clear Software - Loan Performer microfinance solution

Computer Sciences Corporation - CSC K3000, CSC/IBS; Hogan

Data Action - Phoenix core banking software localized for Australia and New Zealand

Datapro Inc- Datapro e-IBS core banking suite

Data Mate core banking (India) - Micro Mate microfinance, cooperative banking
solutions

Delta informatique group - Delta-Bank

DFS | Dynasty Financial Solutions - SIBAC core banking system >>> see FinLogix

Diasoft Financial Technologies - Diasoft FA# Bank

Dimensions Financials - Core Banking Dimensions, Islamic Banking Dimensions, FRM,

CRM Dimensions

ERI Bancaire - Olympic

Fern Software - Abacus OneWorld, Focus SQL, M2

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Finance Technology - IBBA taken into IBM Belgium

Fincentric Wealthview - See >>> Open Solutions

Financial Objects - activebank, IBIS/S2

FinLogix - C-Logix core banking, B-Logix modular banking, D-Logix direct banking

Finnova AG Bankware - finnova

FIS | Fidelity National Information Services (FNIS) - Corebank, Alltel Systematics,

Sanchez Profile, Horizon, ACBS (Advanced Commercial Banking System), Kordoba,
ALLprofits, MiSER, BancPac, Metavante Bankway/IBS

FISA Group - FISA Systems | MODUS - FISA-System

Fiserv CBS, ICBS (International Comprehensive Banking System) | Signature by

Fiserv - Basys / Metabank; Catapult; Premier; Acumen

Flora Systems - Flora Bank conventional and Islamic core banking UBS | Flora Bank
Branch retail banking

FORBIS - FORPOST (Oracle), FORPOST*Internet Banking

FORS Banking Systems (FORS-BS) - Va-Bank automated banking system

FNS - Bancs (B@NCS-24) >>> see TCS BaNCS Tata Consultancy Services BaNCS

FPT Information System (FPT-IS) - FPT.SmartBank

GrapeCity Mongolia - GrapeBank core banking | GrapeCity complete banking solution

| AchidBanker microfinance system

Harland Financial Solutions - Phoenix Software | Phoenix Extended Financial

Enterprise, PhoenixEFE business software platform for banks and credit unions

HCL Infosystems - HCL BancMate CBS core banking solution

IBM - Corebank (Fidelity), Temenos solutions, i-Flex solutions

ICS - International Computer Systems (London) Ltd - BANKS

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Info Dynamic (ID) Software Systems - Info Dynamic Core Banking software -
Dynamic Banksoft, Dynamic Creditsoft, Dynamic CBS

Infopro - ICBA

Infosys Technologies - Finacle

Infrasoft Technologies (InfrasoftTech) - OMNIEnterprise

International Financial Systems Ltd | IFS - BankWare.NET (i-Financial), i.Bank

(formerly Criterion Banking Software) (Bankware)

Intertech - inter-Next integrated banking platform | inter-Face universal core

banking, Quantis core banking platform, Islamic banking solution

INTRACOM IT SERVICES (Intrasoft) - Profits

ISODEW - LC50 BankSuite | community/social bank solution, LC50 Lite, LC50

Microloans microfinance, LCBNK Server | CBK Coreone

ISYS Banking Software - BEST Banking core banking solution

ITS - International Turnkey Systems - ETHIX total banking solution | ITS Core
Banking Solution (Phoenix for ME), ITS Islamic Banking Solution

Jack Henry & Associates - Jack Henry Banking - SilverLake; CIF 20/20; Core Director
for US market

KalSoft - Vortex core banking solution

KBS Solutions - KBS Banking

Kindle >> see Misys

Kishware - NEGIN core banking solution

Kordoba GmbH - KORDOBA Core24

Laser Soft Infosystems (LSI) | a Polaris Group company - Laser Panacea core
banking, Probanker CB (for co-operative banks), Laser Twig for small branches

Legando AG - Legando private banking system

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London Bridge Software - - London Bridge Group is now part of Fair Isaac Corporation
>> Go to www.fairisaac.com. The Phoenix Software is with Harland Financial
Solutions now. See Harland Financial Solutions link above in this index.

Metavante - Bankway, Integrated Banking Solution (IBS) >> See FIS Fidelity

Microlink - MiBS conventional and islamic universal banking

Mindmill Software - BankMill

Misys - Equation; Bankmaster, MidasPlus; BankFusion

Neptune Software - Rubikon universal core banking system (new Java platform
2008), Orbit microfinance retail banking, Equinox universal banking solution

NTBS - NTBS banking

Nucleus Software - FinnOne retail banking suite

Odyssey Financial Technologies - Odyssey Triple’A Plus - private banking |

WealthManager - wealth management | InvestmentManager - asset management

Open Solutions Inc (OSI - US) - The Complete Banking Solution (TCBS), The
Complete Credit Union Solution (TCCUS), TotalPlus

Open Solutions Canada (formerly Fincentric) - Fincentric Wealthview, i-Wealthview

(originally ProLogic) - The Complete Credit Union Solution (TCCUS)

Oracle Financial Services Software (formerly i-flex Solutions) - Flexcube;

Microbanker; Finware

Path Solutions - iMAL

PCS ( Precision Computer Systems Inc | Fiserv) - Vision core banking, BAIS
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Pexim Solutions - Pexim Universal Banking (PUB) 2000

PIBAS - PIBAS Plus core banking | trade finance, loans and microfinance, internet
banking, central bank returns, leasing, Islamic banking

Polaris - Intellect Suite - OrbiOne, BankWare; BankNow

Probanx - CorePlus universal banking, CoreMFS microfinance, eBanking online

banking, Altus Portfolio Management

Professional Computer System - BankPlus | PCS Bank Plus CBS product

PROFILE Systems & Software - FMS SPECTRUM core banking, IMSplus investment
management

ProFIX - ProFIX\BANK core banking

Promosoft Financial - Banka core banking, eBanka internet banking, Kanalo multi-
channel delivery management, Financa trading room management

R-Style Softlab - RS-Bank integrated core banking, RS-Retail retail banking services,
InterBank internet /mobile banking

RTC (Real Time Center AG) - IBIS universal and private banking platform

SAB - SAB universal banking system (SAB2i) and Samic

Samic - Samic-Euro (acquired by SAB in 2005) >>> see SAB

Sanchez - Profile/Anyware >> See FIS Fidelity

SAP - SAP for Banking, Corebanking; SAP R/3

Sidat Hyder - BankEssential web-based core banking solution COREEssential

SIGMA : Bancology | AlphaBITS Conventional and Syariah

Silverlake Axis - SIBS, Silverlake Integrated Islamic Banking System (SIIBS)

SlaterLabs - Etude (Slater Labs)

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SoftClub - SC-BANK NT core banking, SC-KASSA retail banking system

Steria - ISBA, Stachem/Stelink (financial messaging)

Sungard Ambit Apsys - Ambit Private Core Banking and Portfolio Management

Sungard Ambit - Ambit EBS (Enterprise Banking Suite) core banking - Retail banking,
Corporate banking, Customer Service Manager, CardPro

System Access Symbols >>> see Sungard Ambit

TCS - TATA Consultancy Services Financial Solutions (TCS FS) (formerly FNS) BaNCS
- TCS BaNCS universal and retail banking (formerly Financial Network Services
B@NCS-24)

TCS - TATA Consultancy Services Financial Solutions Switzerland - (TCS FS) formerly
TKS-Teknosoft - TCS BaNCS private banking - Quartz core financial platform, Quartz
Securities, Quartz Payments, e-Portfolio

Technisys - CYBERBANK Core suite

TEMENOS - T24; TEMENOS CoreBanking (TCB); T24 for Microfinance and Community
Banking (MCB) formerly eMerge; GLOBUS

Theme Technologies - ThemePro Core Banking Framework, ThemePro Microfinance

TietoEnator - TietoEnator Financial Solutions, PBS Core Banking, ProRetail (Nordic

solution) (has acquired AttentiV systems)

TOP Systems - TOPAZ Banking, TOPAZ Microfinance, TOPAZ Trace

Tradedza - BankFusion see >>> Misys

Trust Systems- TrustBank online core banking, MicroFinS microfinance, co-operative

system

Ultradata - Ultracs

Unisys - Urbis; Urbis/Unix; Bond Master; Securities Manager NT

Vanda Group - VisionBanking Suite, VisionBanking Core

Viveo Group - V.bank global banking solution

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ThemeProTM UMS - Universal Microfinance Solution [NBFC]

ThemeProTM UMS - Universal Microfinance Solution [NBFC] is a next generation

banking platform designed to help Microfinance Institutions face today's challenges. A
comprehensive, integrated component based framework catering to all needs of a modern
microfinancial institutions. ThemeProTM UMS can meet the dynamically changing
Business requirements of banks to manage stiff competition, reduced margins, larger
volumes and increased customer expectations effectively.

Key Features:- Product and Business Process Configurator

Using configurator new Deposit, Loan and Advance Products with business operation
rules can be created

Immense flexibility through parameterization that provides easy user-definable /

selectable parameters like setting interest rate structures, fees and commissions and other
system parameters

Product and Business operation rules configuration can be used as templates and reused
across the system

User Friendly Configurator enables the Bank to Introduce New Products in a quick time
(Time to Market)

Customer Cube
360 degree view of a customer

Accurate, up-to-date customer profiles and Information record, which in turn improve
customer service levels and generate cross selling opportunities

"Know Your Customer (KYC)" norms made easy

Transaction Process
24x7 Availability and can handle high volume transactions

User-friendly, Browser based Interface with context sensitive Help

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Online Posting with Automated Exception processing, online validations and controls
through Pro Active Alerts and Messages

Integrated Work Flow supporting Multi Level Approvals

Comprehensive audit trail for compliance audit

Remarkable Turn around time at teller counters

Smart Processing resulting in reduced time for end of day and other periodical processes
Reporting Engine
Standard Operational reports

Statutory Reports for Regulatory requirements

Online Management Information including Segment level profitability reporting with Drill
down option for pro active Decision Making

Reconciliation reports across Modules, Channels and Segments

Separate Reporting Layer for Dynamic Information mining and for ad-hoc reporting
requirements

Reports can be exported to a PDF and Excel Format

Reporting Engine can be integrated to a mail server for e-mailing reports

Integration with ThemeProTM Operational Analytics Engine

Security
Single sign-on access to the application

User access restricted to roles and responsibilities

Separate Security Gates / Layer with advanced Authentication for External and Internal
Users.

Encrypted SSL enabled communication

Conformity with ISO 8583 standards

Technology and Connectivity
Three Tier Browser Based front end Architecture

Component Based Functional Architecture

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Ajax technology implemented for the Front end user layer

Deployment on a centralized architecture

De-Centralized Deployment and Synchronization on demand using GoDB engine

Scalable Architecture and can handle huge volumes including Offline Data Upload From
Hand Held Devices and Excel sheets
Compatibility
Integrated with ThemeProTM Credit Management System

Integrated with ThemeProTM Mobile Branch for Micro Finance activities and offline Daily
Deposit collections

What You Should Already Know

Before you continue you should have a basic understanding of the following:

• WWW, HTML, XML and the basics of building Web pages

• Scripting languages like JavaScript or VBScript
• The basics of server side scripting like ASP or PHP

If you want to study these subjects first, find the tutorials on our Home Page

What is Classic ASP?

Microsoft's previous server side scripting technology ASP (Active Server Pages) is now
often called classic ASP.

ASP 3.0 was the last version of classic ASP.

To learn more about classic ASP, you can study our ASP tutorial.

ASP.NET is NOT ASP

ASP.NET is the next generation ASP, but it's not an upgraded version of ASP.

ASP.NET is an entirely new technology for server-side scripting. It was written from the
ground up and is not backward compatible with classic ASP.
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You can read more about the differences between ASP and ASP.NET in the next chapter
of this tutorial.

ASP.NET is the major part of the Microsoft's .NET Framework.

What is ASP.NET?
ASP.NET is a server side scripting technology that enables scripts (embedded in web
pages) to be executed by an Internet server.

• ASP.NET is a Microsoft Technology

• ASP stands for Active Server Pages
• ASP.NET is a program that runs inside IIS
• IIS (Internet Information Services) is Microsoft's Internet server
• IIS comes as a free component with Windows servers
• IIS is also a part of Windows 2000 and XP Professional

What is an ASP.NET File?

• An ASP.NET file is just the same as an HTML file
• An ASP.NET file can contain HTML, XML, and scripts
• Scripts in an ASP.NET file are executed on the server
• An ASP.NET file has the file extension ".aspx"

How Does ASP.NET Work?

• When a browser requests an HTML file, the server returns the file
• When a browser requests an ASP.NET file, IIS passes the request to the
ASP.NET engine on the server
• The ASP.NET engine reads the file, line by line, and executes the scripts in the
file
• Finally, the ASP.NET file is returned to the browser as plain HTML

What is ASP+?
ASP+ is the same as ASP.NET.

ASP+ is just an early name used by Microsoft when they developed ASP.NET.
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The Microsoft .NET Framework

The .NET Framework is the infrastructure for the Microsoft .NET platform.

The .NET Framework is an environment for building, deploying, and running Web
applications and Web Services.

Microsoft's first server technology ASP (Active Server Pages), was a powerful and
flexible "programming language". But it was too code oriented. It was not an application
framework and not an enterprise development tool.

The Microsoft .NET Framework was developed to solve this problem.

.NET Frameworks keywords:

• Easier and quicker programming

• Reduced amount of code
• Declarative programming model
• Richer server control hierarchy with events
• Larger class library
• Better support for development tools

The .NET Framework consists of 3 main parts:

Programming languages:

• C# (Pronounced C sharp)
• Visual Basic (VB .NET)
• J# (Pronounced J sharp)

Server technologies and client technologies:

• ASP .NET (Active Server Pages)

• Windows Forms (Windows desktop solutions)
• Compact Framework (PDA / Mobile solutions)

Development environments:

• Visual Studio .NET (VS .NET)

• Visual Web Developer

This tutorial is about ASP.NET.

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ASP.NET 2.0
ASP.NET 2.0 improves upon ASP.NET by adding support for several new features.

You can read more about the differences between ASP.NET 2.0 and ASP.NET in the
next chapter of this tutorial.

ASP.NET 3.0
ASP.NET 3.0 is not a new version of ASP.NET. It's just the name for a new ASP.NET
2.0 framework library with support for Windows Presentation Foundation, Windows
Communication Foundation, Windows Workflow Foundation; and Windows CardSpace.

Learn About Java Technology

To date, the Java platform has attracted more than 6.5 million software developers.
It's used in every major industry segment and has a presence in a wide range of
devices, computers, and networks.

Java technology's versatility, efficiency, platform portability, and security make it the
ideal technology for network computing. From laptops to datacenters, game consoles to
scientific supercomputers, cell phones to the Internet, Java is everywhere!

Java powers more than 4.5 billion devices including:

• 850+ million PCs

• 2.1 billion mobile phones and other handheld devices (source: Ovum)
• 3.5 billion smart cards
• Set-top boxes, printers, Web cams, games, car navigation systems, lottery
terminals, medical devices, parking payment stations, and more.

To see places of Java in Action in your daily life, explore java.com.

Why Software Developers Choose Java

Java has been tested, refined, extended, and proven by a dedicated community. And
numbering more than 6.5 million developers, it's the largest and most active on the
planet. With its versatilty, efficiency, and portability, Java has become invaluable to
developers by enabling them to:

• Write software on one platform and run it on virtually any other platform
• Create programs to run within a Web browser and Web services
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• Develop server-side applications for online forums, stores, polls, HTML forms
processing, and more
• Combine applications or services using the Java language to create highly
customized applications or services
• Write powerful and efficient applications for mobile phones, remote processors,
low-cost consumer products, and practically any other device with a digital
heartbeat

Some Ways Software Developers Learn Java

Today, many colleges and universities offer courses in programming for the Java
platform. In addition, developers can also enhance their Java programming skills by
reading Sun's java.sun.com Web site, subscribing to Java technology-focused newsletters,
using the Java Tutorial and the New to Java Programming Center, and signing up for
Web, virtual, or instructor-led courses.

What Is JavaFX

JavaFX extends your web experience by delivering rich media and

content across all the screens of your life. As users, you will be able to run JavaFX
applications in a browser or drag and drop them onto the desktop. It's a seamless
interface!

JavaFX is powered by Java: JavaFX extends the power of Java by allowing developers
to use any Java library within JavaFX applications. This way developers can expand their
capabilities in Java and make use of the revolutionary presentation technology that
JavaFX provides to build engaging visual experiences.

Highlights of JavaFX:

• Allows users to view JavaFX applications in a browser or break free of the

browser by dragging and dropping the same application onto the desktop
• Enables an efficient designer-to-developer workflow with Project Nile: designers
can work in their tools of choice while collaborating with Web scripters who use
the NetBeans IDE with JavaFX
• Extends Java technology by enabling use of any Java library within a JavaFX
application
• Allows developers to integrate vector graphics, animation, audio, and video Web
assets into a rich, interactive, immersive application

To learn more about JavaFX technology, visit javafx.com or java.sun.com/javafx web

sites for more information.
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The platform was known as Java 2 Platform, Enterprise Edition or J2EE until the name
was changed to Java EE in version 1.5. Java EE includes several API specifications, such
as JDBC, RMI, e-mail, JMS, web services, XML, etc, and defines how to coordinate
them. Java EE also features some specifications unique to Java EE for components.
These include Enterprise JavaBeans, Servlets, Portlets (following the Java Portlet
specification), Java Server Pages and several web service technologies. This allows
developers to create enterprise applications that are portable and scalable, and that
integrate with legacy technologies.

The J2EE platform simplifies enterprise applications by basing them on standardized,

modular components, by providing a complete set of services to those components, and
by handling many details of application behavior automatically, without complex
programming. J2EE is portable, scalable and functional to build stable and cutting-edge
applications, without having to be locked in to any single proprietary platform.

At Binary Spectrum we realize that J2EE is the de facto standard for Enterprise
Applications used by enterprises in all Verticals from Retail, Insurance, Banking, Finance
to Manufacturing and Health Care.

We are glad to say that we have some of best and brightest minds in this highly robust,
agile and most sought after Enterprise Platform. Our expertise in J2EE is second to none,
we have Architected and implemented some of most complex projects in Banking, Retail
and Health Care using J2EE. We have combined experience more 90 man years in J2EE.

We specialize in the entire J2EE Framework including the following:

• Tomcat
• Jetty
• WebSphere
• WebLogic
• Resin
• IPlanet
• IASand
• JBoss

What are the differences between hardware / software?

Answer:
There are several differences between computer hardware and software. However, the
fundamental difference between hardware and software is that hardware is a physical
device something that you're able to touch and see. For example, the computer monitor
you're viewing this text on or the mouse you're using to navigate is considered computer
hardware.
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Software is code and instructions that tell a computer and/or hardware how to operate.
This code can be viewed and executed using a computer or other hardware device.
However, without any hardware software would not exist. An examples of software is
Microsoft Windows, an operating system that allows you to control your computer and
other programs that run on it. Another example of software is the Internet browser you're
using to view this page.

With the increasing popularity of the internet, more and more industries are seeking ways
to utilize this popular medium in an effort to keep up with the changing technological
preferences of their customers. These days you can do just about anything online from
grocery shopping to making a free phone call to a friend in Tokyo through your PC. The
possibilities of the internet are seemingly endless and the banking industry has decided
that it will not be left behind. While most people have at least heard of online banking,
the majority of them have probably not tried it yet. Maybe it's because we find more
comfort in working with real people and real paper when it comes to money matters
rather than performing transactions in the seemingly impersonal universe of the World
Wide Web. Whatever the case may be, there are both advantages and disadvantages to
online banking. This article will outline these advantages and disadvantages so you can
either feel justified in your fears or see online banking as a safe way to quickly and
efficiently manage your finances.

Let's begin with the advantages of online banking.

First, online banking is convenient. It allows you to perform transactions, pay bills and
check balances 24 hours a day, 7 days a week. The bank virtually never closes because it
is as accessible as your PC or laptop computer. No matter where you are in the country or
in the world, you can visit your online bank and handle money matters. You can even
schedule to pay several payees ahead of time rather than keeping up with paper bills or
trying to remember when to visit a payee's web site to make an online payment. Your
bank will automatically send the payments on your behalf in the amounts and on the
dates you specify.

Second, online banking is fast, efficient and effective. Through the internet, transactions
are typically performed and executed at a faster rate than ATM's. In addition, online
banks give you the ability to handle several bank accounts (checking, savings, CDs,
IRAs, etc.) from one site. The majority of banking sites are also compatible with
programs like Quicken and Microsoft Money, so as to allow for more effective
management of assets.

Just as with anything else, there are disadvantages to online banking.

The main issue for most people is that of trust. They may wonder if their transaction went
through successfully or if they clicked on the correct button. The best way to overcome
this uneasiness is to make a habit of printing the transaction receipt. Keep this receipt
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until your bank statement or online account view confirms that you have successfully
executed the transaction.

Online banking sites can also take a while to start up and can be difficult to learn at first.
Some banks require customers to provide some form of photo identification in addition to
signing a form at one of their branches. Spouses may also have to sign a power of
attorney if you both plan to access and handle your accounts together online. In addition
to all of this, it may take a while to learn how to use your banking site. Most if not all
banks will offer an online banking tutorial. Some even offer live customer support for
online banking via chat, email, or phone.

Clearly, online banking has both advantages and disadvantages. It simplifies life for some
people and for them it is frankly a better way to bank. For others it may be a little more
complex and downright intimidating. In light of these two perceptions, more and more
banks are offering online banking as a viable option for their customers.