Posts Tagged Banking
Educating Consumers on Mobile Banking Security and Mobile Money Transfer
Posted by admin in banking industry news, Computers and Technology, Mobile Computing on January 21, 2012
In this day and age, most people have mobile phones. These cell phones are a necessity for modern man. They can be used to make calls, email, play games and send text messages. Many businesses have integrated special templates on their websites to enable access for mobile phones, granting convenience to those on the move or who are extremely busy and work outdoors. The banking industry has invested heavily in mobile banking for its customers and analysts have continued to analyze how this process is being received in the community.
Big banks want to give their customers easy access to their accounts and thus an impetus to use mobile banking. Customers who use their mobile phones for banking needs save banks a ton of money in employee related costs. So banks have made it their priority to ensure that mobile banking security is assured in order for customers to use the application on their phones. There has been mixed reviews of mobile banking. Some people are not comfortable with using cell phones as they feel they may get hacked and have their personal information taken from them. Others feel that the size of the phone screen is small and they would rather just use a personal computer.
Mobile phones may get lost and all the personal information in them can be used to steal bank account information. So, banks have made it a point to ensure that mobile banking security is encrypted and safe for consumers. The good news for customers is that any fraudulent transactions in an individual’s account will be reimbursed fully if their account is compromised.
Mobile phones may be used to purchase merchandise off the Internet. If one sees a product they like while running errands, they may use their phones to visit the website of the store they were in and buy it using the mobile phones. In addition, it is also easy to send funds through the mobile money transfer capability installed on most phones. This eliminates the hassle of going to stand in line at the bank waiting to see a teller for such services.
The advantage of mobile money transfer is the encryption added to the websites that allow transferring of funds. The applications usually have a small lead time that allows for automated signing out of the platform when not in use thus increasing safety and protecting the customer should the phone get lost.
Experience Royal Banking Services With Royal Bank of Canada
Posted by admin in Business, business news, Career Advice, Careers Employment, city of industry, Commercial Property, Futures and Commodities, Hotels Accommodations, Hybrid Energy Efficient, industry analysis, industry canada, International Business, Investing, Job Search Techniques, Personal Finance, Real Estate, the industry on December 30, 2011
The Canadian banking industry is one of the strongest industries in Canada. It creates wealth for Canadians by serving as a medium between borrowers, investors and businessmen. According to the Canadian Bankers Association, banks across Canada paid over $7.6 billion in taxes to the Canadian government and approximately $9 billion globally as of 2005. The Canadian banking industry continues to advance despite the present economic turmoil. Furthermore, Canadians are more than just customers but they themselves are shareholders through their pension plans and other investments.
One of the top 5 banks of Canada listed in order of market capitalization is the Royal Bank of Canada. Let me give you a brief overview of the bank. The bank was founded in 1864 in Halifax, Nova Scotia and was originally named Merchants Bank. Edson Loy Pease from Quebec is by far the first CEO and Managing Director of the bank, thus, playing an important role in the institution’s history. RBC is currently headquartered in Toronto at the Royal Bank Plaza. The Royal Bank of Canada is the largest financial institution in Canada based on revenues, deposits and market capitalization. RBC has operations in Canada, United States and 51 other countries.
With the advent of internet commercialization, more and more institutions have been offering online services to cater customers with advanced technological preference. The Royal Bank of Canada adapted an internet banking system for its customers to perform basic banking activities via the internet. Through this system, clients and investors can make business transactions that does not require physical presence, less effort and cost-effective. After just a few minutes, a number of banking transactions have been made. Clients get to have the flexibility and convenience of banking right from the comfort of their homes or wherever they are, anytime of the day. Online banking gives customers the ability to manage business and/or personal finances through its features like updating account information, bill payment, money transfer and even loan application from anywhere in the world, all with just the use of their internet-enabled computer. The Royal Bank of Canada guarantees a safe and secure transaction. It has developed an Online Banking Security Guarantee which is a shared responsibility that will provide 100% reimbursement in the event there will be unauthorized online banking transaction.
Online banking makes banking easier of a variety of the bank’s clients. It is one of RBC’s initiatives along with the continuous advancement in technological facilities to deal with the increasing number of internet savvy customers, business clients who would want to continue making deals wherever they are and those who are too busy during the day and would prefer to make transactions at home, after business hours. Whatever the case there is, more and more institutions like the Royal Bank of Canada is offering online services as an options for their customers.
Newbies in online banking may find a hard time locating RBC Online Banking Signup page, but if you simply follow the link herein, you will be directed to the RBC Online Banking Signup page in an instant.