An Automated Teller Machine (ATM) is an electronic banking outlet that allows customers to complete basic transactions without the aid of a branch representative or teller.
An Automated Teller Machine (ATM) is a computerized terminal that allows individuals to perform banking transactions, such as cash withdrawals and deposits, without the need for a bank teller. ATMs provide 24-hour electronic access to bank accounts.
Cheque truncation is the process of converting a paper cheque into a digital image for electronic transmission to the drawee bank rather than physically presenting it. This often includes creating a substitute cheque or image replacement document that serves as a legal equivalent.
Electronic banking, also known as e-banking, is a method of banking in which customers conduct transactions through electronic means, typically via the internet. This system allows for a range of financial activities, such as transferring money, paying bills, checking account balances, and more, without the need to visit a physical bank branch.
Home banking, also known as e-banking or online banking, refers to the process of carrying out banking transactions via a home computer linked to a bank's system through the Internet. It offers users the convenience to manage banking activities like balance checking and fund transfers from home.
