Possible enhancements
- Back-up system
- Improving the security software as there is no perfect security system.
- Making the websites more simple so new users can navigate a use the website with ease.
Fitness for purpose
This is fit for purpose because it stores your money in a safe bank through your account which you can access it and take how much money you want to take out from anywhere from the same bank, for example if you are using Barclay's Bank then you would only use that bank due to its broad branches across the country.
History
Online banking services are a logical extension of the automated branch systems that banks brought from the 1970s to the 1990s. They used computerized systems to allow consumers to access and manage their personal accounts using an internet connection rather than a bank clerk doing it. The only extra major technology that was needed to make this happen was internet access with encrypted security technology. It’s clearly fundamental that only the customer and authorized bank staff have access to the customer’s account; and that the customer does not access to anyone else’s account. In the early days of online banking both of these criteria failed in some cases, but the use of ever more secure methods has now ensured a fairly safe online banking experience for most people.
- Back-up system
- Improving the security software as there is no perfect security system.
- Making the websites more simple so new users can navigate a use the website with ease.
Fitness for purpose
This is fit for purpose because it stores your money in a safe bank through your account which you can access it and take how much money you want to take out from anywhere from the same bank, for example if you are using Barclay's Bank then you would only use that bank due to its broad branches across the country.
History
Online banking services are a logical extension of the automated branch systems that banks brought from the 1970s to the 1990s. They used computerized systems to allow consumers to access and manage their personal accounts using an internet connection rather than a bank clerk doing it. The only extra major technology that was needed to make this happen was internet access with encrypted security technology. It’s clearly fundamental that only the customer and authorized bank staff have access to the customer’s account; and that the customer does not access to anyone else’s account. In the early days of online banking both of these criteria failed in some cases, but the use of ever more secure methods has now ensured a fairly safe online banking experience for most people.