Advantage and diadvantage of Internet Banking Services and driving Essay

Advantage and diadvantage of Internet Banking Services and driving forces of its prosperity - Essay Example ent of the internet banking, there have been major changes and improvements in the overall banking experience and now customers can complete all transactions from the comfort of their homes (Cronin, 1997). With the current times, where almost everyone is so busy, this service is like a boon. Internet banking has grown with times and in the current times; this is regarded to be safe, secure and very beneficial to all. This system has enabled people to save a lot of time and allows the overall banking experience to be improved to a great extent. According to Comptroller’s Handbook (1999), â€Å"internet banking refers to systems that enable bank customers to access accounts and general information on bank products and services through personal computer†. Although the term is used on a daily basis, a number of people have not tried out the internet banking, for several reasons. There are a number of advantages and disadvantages of online banking and a number of factors that impact the overall growth of the concept (Shah & Clarke, 2009). This paper aims at discussing the advantages and disadvantages of internet banking and also aims at discussing the various factors that impact the performance and prosperity of the internet baking. The next section will detail the major advantages and disadvantages of online banking. Having understood a brief about internet banking, it is essential to gain a brief overview of the advantages of Internet banking. Firstly, the most important advantage of online baking is the convenience. Online banking permits people to transact from any place in the world and permits people to make transactions at their own convenient time and from the comfort of their own home. Hence the advent of internet banking has permitted users to handle their finances at anytime and from anywhere. Secondly, the internet banking is very time efficient and fast. Here the users can complete transactions at very high speeds and with almost no waiting (Cronin,

Family work Assignment Example | Topics and Well Written Essays - 500 words

Family work - Assignment Example c) I think the US should regulate working hours to se to shield workers in both public and private sectors from being exploited. An eight hours working day should be acceptable and employees should only work for five days. Any overtime should be a request and compensated commensurately. In setting such a law I will consider ILO and other international organizations as well as the UN guidelines on work hours. d) Closing borders is a good measure that will help prevent illegal immigration into the US. However, focusing on the demand side for labor by illegal immigrants you see a need for punishing employers. Firstly, sneaking into a country to earn a living is less grievous a crime compared to sneaking around fair-labor to employ low-wage immigrants. Sneaking around fair labor standards encourages the employment of illegal immigrants on poor wages. Such employers should be fined heavily so as to bar them from repeating their unethical acts. Nations differ markedly in a number of issues. One notable difference among nations is culture; all nations of the world have unique cultures which not only influence development but also the way of doing business. In China for instance business is greatly influenced by strong relationships and trust while in the west the business environment runs on the principal of capitalism where contractual agreements are influential. Approaching business can therefore differ significantly from the west. Another notable difference is the legal environment; some nations encourage free markets while others such China protect certain sectors perceived as being important to the national economy. Labor laws also differ with some nations focusing a lot on rights of employees while others don’t. in China for instance laws on copyright are not well developed and therefore proprietary issues can easily arise when doing business. The United States differs with developing