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electronic banking - 2 dictionary results

electronic banking

–noun
banking transactions conducted through computerized systems, as electronic funds transfer by automated-teller machines, intended to speed operations, reduce costs, etc.

Origin:
1975–80
Main Entry:  electronic banking
Part of Speech:  n
Definition:  a bank account maintained by computer and telecommunications links rather than physical transfer of cash, checks, or other negotiable instruments
Usage:  computing
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