home banking


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home banking

n
(Banking & Finance) a system whereby a person at home or in an office can use a computer with a modem to call up information from a bank or to transfer funds electronically
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.home banking - banking in which transactions are conducted by means of electronic communication (via telephone or computer)
banking - transacting business with a bank; depositing or withdrawing funds or requesting a loan etc.
Translations
banque à domicile
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References in periodicals archive ?
Through the European Committee for Standardisation (CEN), FINREAD is developing a series of specifications for intelligent smart card readers intended to support electronic commerce, home banking and digital signature applications.
The joint development includes software components and tools for French bank group Caisse d'Epargne's interactive home banking services.
HOME BANKING BOOM: Digital Insight recently announced that 27,000 households are now using its AXIS Home Banking System to make on-line financial transactions.
At the same time, NationsBank and Bank of America purchased a competing software system from H&R Block and formed a consortium with other banks and with IBM to provide their own electronic home banking system.
Home banking is one part of electronic banking that has also been delayed in arrival.
Home banking lets customers access all the services they would normally expect to receive from a branch counter, but rather than have to visit the bank in person, all they have to do is pick up the telephone.
The credit union evaluated other MFA approaches, such as tokens and password cards, but believed they might deter home banking use.
Coastal Federal Credit Union was one of the first financial institutions to perform live transactions over the Internet when they originally launched the custom-developed Internet home banking product in 1996.
Eagle One implemented the Mercury system in May 2003 to support its growing services portfolio, which now includes integrated telephone banking and Internet home banking from Aurum.
A complement to Aurum's retail home banking offering, the Web-based eStatements solution is designed to help financial institutions expand their electronic delivery channels to increase customer and member loyalty, while reducing costs associated with traditional paper statements.

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