A bank aggregator is a service or a platform that consolidates information from multiple bank accounts into a single, unified interface, facilitating ease of access and management of finances.
A bank transfer is a method of transferring funds from one bank account to another, either within the same financial institution or between different institutions, through electronic means.
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.
Electronic Billing (E-Billing) refers to the modernized process of sending invoices and accepting payments for goods and services via the Internet. It consists of biller-direct payments and bank-aggregator payments, enhancing efficiency and reducing paper usage.
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.
The term 'Information Superhighway' refers to the electronic transfer of information, including access to databases, banking, television and movie programs, libraries, and more, which became prevalent in the 1990s.
