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Why
investors are talking like Internet banking is the disrupted technology
changing the world or traditional banks obsolete?
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Internet banking has been provided by many banks. Canadian banks also provided some features, e.g. email, remote deposits, etc.
With the traditional ways:
- We could pay online transactions with a credit card, and then pay the credit monthly using online banking services.
- Paying goods in stores by a credit card, and then used online banking service to pay monthly credit statement.
I'm not sure what were the superior services by an Internet bank, BOFI [US stock ticker]?
Anyways we don't write a check every day. Most of company deposits pay checks directly to our bank account. Depositing a check at an ATM or with a bank teller might happen once per quarter max, I guess.
Anyway Internet banking must be safe; otherwise refund by banks due to fraud would be awful.
Payment with a mobile phone also leaves potential holes for identity theft, which collects personal data remotely or far away from a payment station.
I like to invest in traditional banks with extra user-friendly features, e.g. online services.
--------
Internet banking has been provided by many banks. Canadian banks also provided some features, e.g. email, remote deposits, etc.
With the traditional ways:
- We could pay online transactions with a credit card, and then pay the credit monthly using online banking services.
- Paying goods in stores by a credit card, and then used online banking service to pay monthly credit statement.
I'm not sure what were the superior services by an Internet bank, BOFI [US stock ticker]?
Anyways we don't write a check every day. Most of company deposits pay checks directly to our bank account. Depositing a check at an ATM or with a bank teller might happen once per quarter max, I guess.
Anyway Internet banking must be safe; otherwise refund by banks due to fraud would be awful.
Payment with a mobile phone also leaves potential holes for identity theft, which collects personal data remotely or far away from a payment station.
I like to invest in traditional banks with extra user-friendly features, e.g. online services.
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