E-Banking refers to the use of the Internet as a remote delivery channel for banking services. It includes the traditional ones, such as opening an account or transferring funds to different accounts, and new banking services, such as electronic online payments (allowing customers to receive and pay bills on bank's website) or financial transactions (acquisition, transfer, sale of securities) CHARACTERISTICS OF E-BANKING  Unprecedented speed of change related to technological and customer

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... ce innovation;  Ubiquitous and global nature of the internet;  Integration of Internet Banking applications with legacy computer systems and;  Increasing dependence of banks on third parties providing the necessary information technology.