Then bank sends e-cash through encrypted and authenticated messages coins as customer requested. While purchasing online customer gives e-cash to merchants. Merchant transfers e-cash to bank and bank credits merchant’s account. Credit cards are main form of online payment, accounting for around 80% of online payments in Jun 26, · So that, online banking payments can also be intituled internet banking payment. Relationship between online browsing and online banking payment In this 21st century, internet has been comprehensive used by many estate of person such as businessman use it to expansion their business to advertise their products and services/5(16) In other words, online bill pay allows consumers to view their bills and pay them online. The consumer can pay bills using a checking account or a credit card. They can also make inquiries concerning their accounts Many large banks have embraced online bill paying as a part of their overall business strategy. Among the leaders in Online bill pay is Bank of America. The ABA Banking Journal reports
Electronic Payment Systems Essay - Free Argumentative Essays For Students
Most of the people are so busy in their daily time. People who already married are busying sending their children go to school or try to earn a lot of caution money for future when need to use them urgently, essay on online bill payment.
Pinch pennies are so common to these people on their running expenses. To make this more efficiency, they will do survey about a lot of supermarkets or shops to buy the cheapest and good quality products. Besides, they also try to save more time day-to-day.
To save more time, online banking become a new age of banking program. Online banking payment is defined that through internet to transfer funds or money from one account to another account to develop banking activity such as paying loans or bills, shifting funds, inspecting account details and balances. Besides that, users also can pay mortgages and buying futures, warrants, options and others through online banking payments.
So that, online banking payments can also be intituled internet banking payment. In this 21st century, internet has been comprehensive used by many estate of person such as businessman use it to expansion their business to advertise their products and services.
In addition, students use it to consort together with their friends either in nation or oversea and mostly already replace from mobile phone. Mostly people use internet to find the information what they want to know and internet will help them to search and settle the problem they face.
According to the survey essay on online bill payment was done by A. Nielsen stated that more that million of customers in the global have the experience of online purchasing. Besides, according to a survey done by NargesUS users adopt online purchase increase from 46 percent in year to 61 percent in year The researcher ComScore who had found that the advance of usage of online banking over Southeast Asian from to That also caused the online purchase will grow in rapidly.
So that this phenomena can prove that there is a relationship between online browsing and online banking payment. Malaysia Maybank Cimb PbeBank Hong Kong HSBC Bochk Standard Chartered PLC Vietnam Vietcombank Acb Dongabank Singapore DBS United Overseas Bank Group Citigroup Indonesia Bankmandiri BNI, essay on online bill payment. There has confused that difficult to conclude that online banking payment is bring more convenience to bankers or users.
But this is not the important to chew the cud because according to Singhal and Padhmanabhan stated that the increase of using online banking payments has proved that online banking has make a lot of flexibility to bankers and customers during the operations. Actually most of the country will face the same problem which is the crime rate in adopting ATM cards is become grisliness. The mobsters will glom the ATM cards from someone and make a copy to steal the passwords. After that, they can withdraw the money anytime until the users just aware.
Besides, maybe some of harum-scarum people will lost their ATM cards, this will also give a chance to esurient to crime, essay on online bill payment. Cases of rob bags are mostly happening in Malaysia.
Robbers always aim to rob the woman who is walking alone on the way to work or car park or home no matter during daytime or night. Due to not lost their money, some of women will revolt with robber.
But they fail and maybe lost their life because they slip down on way and be knocked by other vehicles. Many businessmen withdraw a lot of cash from bank institution to give employee salary or make payment to debtors and so on, essay on online bill payment. But on the way of journey to go to their destination, they maybe will have a rest and park their essay on online bill payment at roadside. When they come back, the car window is already been smashed and lost that cash and other valuable things.
For an example of case that essay on online bill payment happened in our country Malaysia on Marchthere is a case about a woman in Johor Bahru had been durance by few robbers. So they durance her and intimidate her to give them password.
Luckily, she is safety and lost totally amount of RM From all these kinds of crime cases, online banking payments is the way to solve and reduce them. Users will more likely to adopt online banking system than traditional banking because of trust and security. I choose this title to become my study because online banking is already a necessary work in the future start from now and I conduct this study is to find out what and which types of factors will affect the customers to choose online banking payments.
Besides, essay on online bill payment, through these factors I want to know which one is the most important towards to customers to choose either online bank payments or go to actual bank make payments. I also need to find out each factors has at which level to separate them. Here come to the primary question. Why I choose this subject area? It is not only because of this subject area is interesting but also because of this subject area is most important for me as a student who studying banking and finance.
If the usage of online banking payments are increasing, that means that factors are also in the successful way and being increasingly. Bankers should try to make more factors to have the perfect match for that bank to maintain customers loyalty and satisfaction of using online banking payments. The main cooperative strategic of doing a business is to capture customers, we must first capture his or her heart.
So that, essay on online bill payment, we must know the need of customers and help them to achieve. Banker should develop the factors and probe them to customers the benefits of online banking payments.
Here I conduct this study by using primary data which is survey method. I distribute those questionnaires to users who have use online banking payments at now or once to help me to complete this study. Inside the questionnaire, all items are evaluated by respondents on a five point likert scale such as strongly disagree, disagree, neutral, agree and strongly essay on online bill payment. In addition, the result will come out from using Statistical Package for the Social Sciences SPSS.
There are five variables in factors which are trust and security, convenience and flexibility, transaction related benefits, real time information and monthly summary. Each variable has their meaning and has different influence on online banking payments, essay on online bill payment.
What method is each variable influence online banking payments? Before study this, I have essay on online bill payment know meaning of each variable and separate among them to make this study more easily and clearly. Online banking has seen rapid adoption. But why cause online banking is adopted?
Is the social environment problem? Recently we can know some news about robbery cases in Malaysia. The robbers always aim the customers who just withdraw cash from banks and will follow them until they get the chance to rob them.
The customers not only will lost their cash, they maybe also hurt by robbers. To avoid these types of cases, government encourage customers not withdraw so much cash from bank, and suggest them to use online banking systems or cheques is better.
The study mainly aimed to determine factors influencing MMU undergraduate students in adopting the online banking payment. In specific, the study aim : to find out the relationship between all of these independent variables and online banking payments. to determine the difference in using online banking payments based on demographic variables such as gender, age, nationality, ethnicity, and education level whether the respondent is user or non-user.
to provide more information to bankers in creating more organized and user-friendly online banking payments features in Malaysia. Researcher should expressly justify the significance of study to make the study useful and bring benefits to others. In the other words, significance of the study is the segment where the researchers impart others how they could use it and how their study would be available to clear people or segments of the society.
In the market, mostly companies have the same purpose which are can make a lot of earning and benefits during operating their business, essay on online bill payment. Other than expand their business, they also need to minimize their cost and maximize their opportunity. At the beginning, researcher must know that actually not all the users are satisfied to online banking payment. Due to some cases such like there will auto detract funds from their bank account but they did not do so, they will still less and lack of trustfulness in adopting online banking to make any transaction and payment.
So that, through this research can find more the reason why users not satisfied and less satisfied to online banking payment, essay on online bill payment. That become a necessary to bank institutions to improve all of these problems, essay on online bill payment.
Based on research, management can organize a good strategic and decision. Banks know need to provide essay on online bill payment kind of products and services to customers. For an example, bankers know what are the most factor can affect customers in adopting the online banking payments.
They can also can find more independent variable based on research. In sum up, research make the essay on online bill payment institutions are able to choose the most efficient, profitable and productive of decision. Due to this study is about bank, so that I am targeting on the customers of local banks in Malaysia. In this research, I narrowed down my focus on three banks, which are CIMB, Public bank and Maybank. My specific respondents will be students from Multimedia University Melaka Campus MMU of any year level and course because all students can use online banking to make payments.
The limitation of this research is the respondents are not outside of the campus means they must be MMU students. In other words, only those undergraduate students are allowed to participate in the research. This is based my study more focus and clear in this stage.
Actually I narrowed down to these three banks is because these banks have more famous and complete system on online banking payments. On top of that, universities are great environment for students to commence entrepreneurship. Thus, it is not unusual for some students to start doing their business during their studies essay on online bill payment universities.
They sell some products at their website and the customers also use online banking payments to purchase them. This method help sellers and buyers save more time and bring many convenience to them because they not need go to bank to make or check payments. Online banking or is called internet banking empower customers to transact financial institution on a very security website operated by their specific banker from their accounts.
In Supriya Singh and Claudia Slegers study inthey stated that trust actually very hardness to explain due to it is spread all over and nebulous. According to Amir Herzberg inhe mentioned that security is one of the motivation to adopt online banking. The security is essay on online bill payment. According to Amir Herzberg inhe mentioned that convenience is another one of the motivation to adopt online banking also because convenience can bring a lot of benefits such as user can paying for services or buying some products in cars, trains or planes.
Flexibility is user can use online banking to payment any time and any place. They not need to go to bank to queue for waiting a long time. They also can transfer fund to urgent family or friends at midnight which is bank is already closed.
Corporate Online: Bill Payment Instructions - CIBC FirstCaribbean
, time: 2:20Essay on Electronic Payment System - Words | Bartleby
Then bank sends e-cash through encrypted and authenticated messages coins as customer requested. While purchasing online customer gives e-cash to merchants. Merchant transfers e-cash to bank and bank credits merchant’s account. Credit cards are main form of online payment, accounting for around 80% of online payments in May 08, · Electronic Payment Systems Essay. admin May 8, On-line Payment System can be defined as the method used to pay for the purchases of goods and services over the internet. On-line shopping and on-line banking are both good examples of On-line payment Systems. Nowadays it is very important to have these services as they are convenient and people do not have to leave the Estimated Reading Time: 14 mins Jun 26, · So that, online banking payments can also be intituled internet banking payment. Relationship between online browsing and online banking payment In this 21st century, internet has been comprehensive used by many estate of person such as businessman use it to expansion their business to advertise their products and services/5(16)
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