Current and Future Developments


The following page is intended to highlight certain points of how the internet has affected banking to date and what to look for in the future.

 

The Future of Internet Banking

 

New Technology

 

Improved Internet Banking technology

1. has reduced the costs of processing transactions.

2. Making bill payment and account management easier for the customers 

 

 

Mobile Internet Banking: 

In the future more and more consumers are expected to begin using mobile internet banking.  Many cell phones today provide us with internet access and over the internet we can transfer funds, check our balances, etc. The idea of mobile internet banking can solve many different banking issues such as overdraft fees, etc. (Related Article). This trend has already become very popular for Bank of America customers according to this article. 

 

 

Below are a number of links to articles which describe the future of Banking:

 

 

 

 

 

 

 

Mobile Banking Users to Exceed 150M Worldwide by 2011