"Online banking or e-banking" has two meanings: one is the concept of institution, which refers to banks that operate business through information networks; The other is the concept of business, which refers to the financial services provided by banks through information networks, including traditional banking services and emerging services brought by the application of information technology. In daily life and work, what we refer to as online banking is more of a secondary concept, that is, the concept of online banking service. Online banking is not only a simple transfer of traditional banking products from the Internet, but also some changes have taken place in other service modes and connotations, and new business varieties have emerged due to the application of information technology.
Online banking, also known as online banking and online banking, means that banks provide customers with traditional services such as account opening, inquiry, reconciliation, intra-bank transfer, inter-bank transfer, credit, online certification, investment and wealth management through the Internet, so that customers can safely and conveniently manage current and fixed deposits, checks, credit cards and personal investments without leaving home. It can be said that online banking is a virtual banking counter on the Internet.
Online banking is also called "3A Bank" because it is not limited by time and space, and can provide financial services to customers anytime, anywhere and in any way.
There are two models for the development of online banking. One is invisible electronic banking, also known as "virtual banking". The so-called virtual bank refers to the online bank without the support of the actual physical counter. This kind of online bank generally has only one office address, no branches and business outlets, and uses high-tech services such as the Internet to establish close contact with customers and provide all-round financial services. Take the American Security First Online Bank as an example. Established in June 1995 and June 10. It is the first virtual online bank in the United States without a business outlet. Its business hall is a web screen. At that time, the bank had only 19 employees, whose main job was to maintain and manage the network.
The other is based on the existing traditional banks, using the Internet to carry out traditional banking transaction services. That is, traditional banks use the Internet as a new service means to provide online services for customers, which is actually an extension of traditional banking services on the Internet. This is the main form of online banking at present, and it is also the development model of online banking adopted by most commercial banks. The real online banking in China, namely Alipay, now many online banking in China belong to the second mode.