home banking and tourism “online” will be at a disadvantage. Other items that sell well over the internet are computers which have great advantages. Dell computers sell over the internet at a rate 0f $10, 000, 00 a day, with little expenses (Bezos, 1994).Many people use the internet...
Disadvantages of the Internet Theft of Personal InformationProviding personal information online when shopping or banking can result in hackers gaining access to private data that can be used to steal your funds and even your identity. Spamming and virusesSpammingrefers to the unwanted emails, which ...
SMS is technology that contributed varied beneficialservicesto the world and is used in different applications. These applications include business and trade‚ ebanking‚ as well as social and spiritual applications. Indeed‚ mobile phones have made tremendous contributions to society and to mankind...
AdvantagesOf Unit Banking: 1.Local Development:Unit banking is localized banking. The unit bank has the specialised knowledge of the local problems and serves the requirements of the local people in a better manner than branch banking. The funds of the locality are utilised for the local developm...
aThe finance documents mainly included draft and the application for documentary letter of credit. In the collection method of payment for goods, the exporter uses the banking system to send the importer a draft to get paid. In other words, the exporter uses a draft to draw on an overseas ...
Central Bank of Nigeria without the use of physical cash. Payments will range from a list of options such as cheques‚ wire transfers‚ debit and credit cards‚ online transactions‚ and mobile banking. Theadvantagesof a cashless society are enormous; from regulating‚ controlling‚ and...