Internet Banking

While the vast majority of analysts see Internet banking as having revolutionized the financial sector, Perumal (2005) suggests that despite the astronomical growth rate of this sector, there are certain risks attendant upon using the Internet for personal financial transactions. Among these risks are the potential for identity theft, concerns that Internet banking may be depersonalized, and fears that government and private sector actors may gain access to sensitive personal information (Stewart, 2005).

Nevertheless, as Cipparone (2005) has commented, Internet banking offers consumers any number of advantages. Ease of access, transaction speed, customization of services, and 24-hour-a-day availability are among these advantages. For bankers, the Internet offers an opportunity to reach out to a new generation of clients and to expand market p

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nking is prominent in a relatively small number of locales and the experiences in those locales may not necessarily reflect universal concerns. Finally, given that Internet banking requires access to a personal computer and an Internet connection, access to this service is not itself universal. This may result in information bias. Methods of Research The proposed report will consist of an exploratory, narrative, descriptive study employing secondary rather than primary research. A number of databases will be employed in identifying previously published materials suitable for inclusion in the study. The John F. Kennedy Memorial Library at California State University, Los Angeles, and online search engines such as Yahoo and Google will provide the bulk of the secondary research materials employed in the study. Results The research completed for this report reflected the interrelated nature of the three questions listed above in the statement of purpose. The risks and benefits of online banking are directly related to the degree of comfort that consumers feel about online banking and online banking has had an enormous impact on the banking industry. Elinor Mills (????), commenting on an online survey that was commiss
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Some common words found in the essay are:
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Approximate Word count = 1246
Approximate Pages = 5 (250 words per page)

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