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electronic banking

banking transactions conducted through computerized systems, as electronic funds transfer by automated-teller machines, intended to speed operations, reduce costs, etc.
Origin of electronic banking
1975-80 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for electronic banking
  • electronic banking is providing easier access to untaxed offshore funds.
  • The author also predicts electronic banking and computer-managed financial markets.
  • The state may convert your check to a one time electronic banking transaction.
  • If you have never used any of these electronic banking practices, don't worry.
  • Since that time, electronic banking has increased the complexity of benefit delivery.
  • However, only about one in two consumers could be considered a heavy user of electronic banking.
Contemporary definitions for electronic banking

a bank account maintained by computer and telecommunications links rather than physical transfer of cash, checks, or other negotiable instruments

Usage Note

computing's 21st Century Lexicon
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Difficulty index for electronic banking

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