The Services Offered By Barclays Internet Banking Information Technology Essay

The Services Offered By Barclays network Banking Information engineering science EssayIn this tarradiddle I seek to look at one of the big worldwide monetary provider called Barclays and concentrate precise much on its lucre swearing. Barclays has got 300 years of experience in banking (baclays.com 2010). Barclays bank offers mesh conk go forth banking and serves a large number of customers in the world. The report volition also give an outline of the function offered by Barclays cyberspace banking and a deep explanation will be given on how this meshwork banking is beneficial to the society.There argon many(prenominal) services offered by Barclays internet banking. The internet banking services offered by Barclays be non several(predicate) from the services offered by other(a) banks which are involved in internet banking. Some of the transactions which can be through through internet banking are as follows (lawyerment.com)Furthermore, Barclays online banking allo ws the user to open his bank account, do savings and investments, comprise loans and mortgages, pay insurance as wellspring as to affaire international banking. Barclays internet banking also allows students to have their students account, approve their loans, share transaction and some more services.Extend to which internet banking is beneficial to societyIn order to give a savvy on the extent to which internet banking is beneficial to society, two things are to be considered. These are advantages and disadvantages of internet banking to society. The services offered by Barclay internet banking are advantageous to society and detrimental in another way. So in order for me to give a judgment on the extent to which this internet banking is beneficial to society , I will also use the advantages of internet banking as given at (Barclays.co.uk) as well as the general advantages and disadvantages of internet banking.ADVANTAGES OF INTERNET BANKINGConvenient and leisurelyBarclays ba nk provides free online banking and the services are given any season deprivationed. With internet banking, the users can pay their bills, transfer their silver, and check their balances eyepatch they are home. Whenever something urgent arises for example in paying the bills, users will not need to go to the bank moreover they can do their transactions adept from their homes whenever they have access to internet. For some other large number who go to work away from their bank branches, it becomes easy for them to access their accounts everywhere they are. It is also come-at-able to use your mobile phone to access your bank information.Time cost-effectiveWhen opening an account, a lot of time is taken in doing the idea work. But using internet banking, the necessary procedures are clearly provided for users. In the case of Barclays, the necessary information for users is provided on the necessary websites. This catchs it easy for backup bulk because they dont waste most of their time standing on aline or finding where the bank is. Barclays provide information on how to bring in an online account.SafetyBarclays provides safety for users of its internet banking services though some(prenominal) ways. These involve making their regular checkup of their systems to make sure there are no problems, provision of security measures like willing logoff, systems which can instinct and protect the account from attack by internet hackers. The bank maximizes its happen management to make sure that every protective measure is done to ensure safety of the accounts. Furthermore enough information is given to muckle regarding how they should keep their login information- for example they should not send their login information to some stack via some unnecessary and unprotected mails. Barclays takes its full responsibility in defend the privacy of the users information. These include some warnings if the user does use the service unnecessarily. world-wide ba nkingWith the globalization that is taking place in a fast ripening world like this, bulk need everything to be fast. People immediately are contacting their business beyond their borders without any limitation. Internet banking allows users to access their banks accounts and do whatever transactions they want even though they are alfresco the country where their banks are. It is now easy to contact business from outside your country. In general, not all business has their braches all over the world but with internet banking it becomes possible to do everything from wherever you are.AccessibilityWith the fast outgrowth world and technology, internet has become accessible to large parts of the world. Internet services are offered 24 hours every day in many parts of the world. Provided the availability of internet access, all users can log into their several(prenominal) accounts.ValueInternet banking is beneficial to people in the sense that the track costs are less. When using other banking ways, will need to pay a certain amount of money to go to a bank to transfer money, or to go where there is an Automated Machine to make a transfer. But using online banking all these can be performed while lying on your bed.DISADVANTAGES OF INTERNET BANKINGForgeryMany cases are inform about the forgery that takes place in online banking. With the advancing technology many people have devised some websites they can use to access other peoples user names and passwords. As a result if the banks do not have strong safety measures against this many people would lose their money as a result of hackers. However as I verbalise re readyable banks like Barclays have also devised safety measures against hackers. These include automatic log off, sites which detect hackers, protection of users privacy, teaching users how to protect their computers from hackers and so on.less(prenominal) trustPeople in general do not put much trust in machine than they put on people. So the reas on why there are only few people doing online banking, its because less trust is given to the way these machines operate. So many people will not want to take finds by doing online banking.CONCLUSIONI have used Barclay bank as one of the major financial provider using internet banking. With the information that I obtained from the Barclays websites as well as other reputable websites in an effort to find out to what extend internet banking is beneficial to society. I have included several services offered by internet banking which included paying of bills, making of transfers and so on. Then in answering to what extend online banking is beneficial, I searched the advantages and disadvantages as shown above, some advantages included how easy it is to do all your transactions anytime , anywhere as covered in convenience . For disadvantages I also included the risk of forgery that can be done by other people to obtain other peoples login details and use them to steal their money. Howe ver after(prenominal) weighing the advantages and disadvantages I discovered that there are more benefits than disadvantages of internet banking to society.In conclusion, internet banking is beneficial to the society to a greater extend.