What is Internet Banking ?
 

What is Internet Banking ?

Hi,
Internet banking is an electronic payment system that enables customers of a financial institution to conduct financial transactions on a website operated by the institution, such as a retail bank, virtual bank, credit union or building society.

I think answer gave by @Mindriders is perfect.

Internet banking or online banking is a secure software that is provided by almost every bank for more convenient financial management. I know that many payment systems offer their customers only a virtual account and a service for withdrawing money to their bank card, but few of these financial companies offer a payment card to their customers. This is probably because the issuance and maintenance of a payment card, whether it's a credit card or a debit card, requires the service provider to be fully PCI DSS compliant. On this site https://eretmis.com/pci-dss-services you can find a description of this service, which is provided by an outsourcing company. This company really specializes in PCI DSS audits, consultations and support for obtaining a certificate for this business activity. But still, few of the owners of online payment systems decided to undergo verification, which makes me think about the safety of my personal data and the legality of such companies.

The Internet Banking.
 

The internet Banking is :-

Online banking allows a user to conduct financial transactions via the Internet. Online banking is also known as Internet banking or web banking. Online banking offers customers almost every service traditionally available through a local branch including deposits, transfers, and online bill payments.

Internet banking is a way to manage your money online without going to a bank. You can check your balance, send money, pay bills, and more using a website or mobile app. It’s fast, easy, and available 24/7.

Internet banking has revolutionized how we manage finances, offering convenience and accessibility. It allows users to perform transactions, pay bills, and monitor accounts online.

Internet banking, which is most commonly known as online banking is a service that banks offer customers to carry out transactions on their bank website or mobile application. Through this service, customers can transfer money, pay for services, check their balances and carry out other transactions all virtually, 24 hours in a single day.

Internet banking, also known as online banking, is a digital service that allows customers to perform financial transactions and manage their bank accounts through the internet. It enables users to check balances, transfer funds, pay bills, and access various banking services anytime and anywhere using a computer or smartphone. Internet banking offers convenience, speed, and security compared to traditional branch banking. It has become an essential tool for modern banking, saving time and reducing the need for physical visits to the bank.