الخميس، 13 يناير 2011

Internet Banking System

Internet Banking is most common way of banking these days. It not only reduce the work load of bank but also provided opportunity to them to expand beyond the boundaries of branches. Moreover, it also helps their customers to do banking from the comfort of their homes.

What is Internet Banking?
Though it looks complex initially but its just a expansion of traditional banking.Banks has always maintained database of their customers and accounts on their servers. In past these servers were only accessible from their client computers installed in branch(Complex task still requires access to client computers) but now banks provided us access to their servers with authentication and limit our access to single account.

Cyclos is open source online banking software for complementary currency systems like LETS and Barter networks.

Online Banking System :  integrates all the transactions that a bank carries out.

FreePay is a online free banking solution based on public banking and European financial standards which associate multicurrency, free market, BIC (SWIFT Bank Code), IBAN, payment, credit card number validation and commerce.

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