Automated teller machine

Industrial Revolution. At the time though, the world feared industrial use of steam power would soon lead to greater joblessness, replacing hard physical work and animal force that powered many industries. The Luddites, in particular, protested that machine and automations would make humans redundant, however after the steam engine replaced water wheels as a power source in manufacturing, employment expanded from 1.2 million jobs in 1830 to 8.3 million by 1910. The overall success of steam technology

meet the consumers’ needs (McKinsey & Company, 2012); at that time, when the consumer needed money for purchases or to make a transaction, he needed to go to the bank by himself during the bank hours and perhaps waited in a long line to meet a human teller to implement his transaction. Nowadays, due to the E-channels that surfaced with the development of technology and the Internet, the processes of banking have changed. The consumer can make a transaction from one account to another while sitting in

Excessive Activity Fees If your current account/ checking account/ debit account has an excessive activity fee, then you need to change banks immediately unless your account is special in some way. Savings accounts will often have a fee for excessive activity because Federal Regulation D is a law that defines a savings account as one where users make no more than six withdrawals or transfers per statement cycle or calendar month. In other words, a bank may charge you a fee if you withdraw money

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE PROBLEM: The effect of information technology on the operation of deposit money banks in Nigeria cannot be overemphasized. New and better information technology entails that banks can add the service ‘differentiator’ to their products in a way. However, enabling tools which developed information technology can provide will make a significant effect on the operations of deposit

the bank. Now most companies have direct deposit and the printed paycheck is becoming a thing of the past, this is only one example of how technology in banking has changed in society. The electronic banking (e-banking) can be described as the automated method of new and traditional banking services which reduce cost, and simplify front and backend process satisfying customers. (In software engineering, the terms of “front end” and back end” are distinctions which refer to the separation of concerns

Introduction Information technology has had as much impact on our society as the industrial revolution. In the information age, companies are finding that success or failure is increasingly dependent on their management and use of information. Therefore, companies need a good information system that enabled an efficient and effective use of information to give them more competitive advantage (Moscove, Simkin, & Bagranoff, 1999). An information system is a set of interrelated subsystems that work

several topics to choose from and I chose the topic of careers in information technology. The focus will be on the computer support specialist, the database administrator, the network and computer systems administrator, the computer, office machine and automated teller technician, the programmer, the software engineer, the cryptographer, the computer trainer, and the desktop publisher. I will explore what each profession is, the duties, the work environment,

2.13 THE HISTORY OF ELECTRONIC FUND TRANSFER The history of electronic fund transfer and electronic banking are to a large extent ,closely interrelated with that of the automated banking systems and also the growth of the consumer financial service market now widely offered by banks. The global advent of electronic fund transfer was first marked in the 1950s when there began a major shift in focus of commercial banks to provide services for smaller businesses and individual consumers rather mainly

CHAPTER ONE Introduction 1.1 Background to the Study The recent cashless policy of the Central Bank of Nigeria CBN has generated mixed reactions, controversies and public debates over the citizens’ preparedness and relevance of the policy. For1 instance, public argument on the one hand is that banking services in Nigeria are faced with low penetration, financial exclusion and poor infrastructure. Notwithstanding, the CBN has made it known that there is no going back on the

the bank. Now most companies have direct deposit and the printed paycheck is becoming a thing of the past, this is only one example of how technology in banking has changed in society. The electronic banking (e-banking) can be described as the automated method of new and traditional banking services which reduce cost, and simplify front and backend process satisfying customers. (In software engineering, the terms of “front end” and back end” are distinctions which refer to the separation of concerns