example of Electronic Fund Transfer (EFT)

Muhammad Rifki Aliyasin 2401989745

Internet Banking is one example of EFT found in Bank services. Internet Banking is available in transactions at ATMs and phones that allow customers to make remittances remotely. Internet Banking is considered to be a priority and a facility needed by customers. Internet Banking is able to reach customers in all countries who access the internet and is able to become an advancement in the field of banking. Internet Banking is a banking technology that is able to provide access for customers to access accounts and other information related to bank products and services through their personal computers and connect with bank website access. Internet Banking is becoming a phenomenon and popular all over the world and can be used 24 hours anywhere and anytime. Internet Banking is able to save money and time for its users.

Reference

Getembe, Kepha Nyankora, et al. Electronic Money Transfer Systems, And Business Process Management Among Commercial Banks In Kenya, vol. 9, no. 10, 2013.

Mthembu, Mpakwana Annastacia. Electronic Funds Transfer: Exploring the Difficulties of Security, vol. 5, no. 4, 2010.