Electronic Banking Law and Legal Definition
Electronic banking is a service allowing an account holder to obtain account information and manage certain banking transactions through a personal computer. The service is provided through the bank’s web site on the internet. In electronic banking, funds are transferred through an exchange of electronic signals. The transfer is recorded on computer systems connected by telephone lines. Instead of through a check or signature, identification is made through passwords.
Legal Definition list
Related Legal Terms
- Abstraction [Banking]
- Accommodation Maker(Banking)
- Account [Banks & Banking]
- Acting in Concert [Banks & Banking]
- Admissibility of Confessions Recorded by Electronic Means
- Affiliate [Banks & Banking]
- Agreement for Electronic Presentment
- Alternative Mortgage Transaction [Banks & Banking]
- Application for a Deposit Facility [Banks & Banking]
- Appropriate Federal Banking Agency
