Computers in banking

1. COMPUTERS IN BANKING

2. Computers in banking is a term used for the process by which banking transactions by bank employees and customers are performed electronically eliminating the need for paper files and physically entering t he bank itself. DEFINITION

3. How the technology works Each bank’s websites differ slightly from bank to bank, but managing your finances online is as simple as logging on to the bank's website and entering you user ID and password. The site will then guide you through the transactions you want to carry out. Some banks will to communicate with customers by email. They will, for example, send you an email when your statements are ready. And if you have an enquiry or want to order a statement, you are encouraged to email them . Bank employees also use computers to store customers’ records.

4. Customer Information: Banks use computers to track customer information such as name, address, phone number, date of birth, Social Security number and place of employment.   Transactions and Goals: Computers help tellers keep a record of all transactions for the day.   Applications of the technology

5. ATM technology On-line banking Cheque processing (MICR) Applications of the technology (cont.)

6. Images Depicting The use of computers in banking Bank teller using computer Home banking ATM machine