Online Banking Definition

Type in at least the first 3 letters of the company's name you want to pay, the contact name or the nickname of your favourite transaction. It is very easy to search for popular or favourite transactions and contacts. Create favourite transactions to carry them out again at your convenience. So you get to pay less than what you would pay at a branch, an ATM or through EuroPhone Banking.

Internet Banking Overview

Unless you notify us before we give effect to an instruction, you authorize us to rely on and perform all instructions that appear to originate from you . We will charge you fees on our services in accordance with the Bank’s prevailing Schedule. We will refer to the device and the medium collectively as “The Communication System”. Where a particular communication system requires contractual provisions different from other communication systems, this will be dealt with separately.

Your total account balance at Eurobank and at the banks you have chosen to monitor through your e-Banking at Eurobank. To monitor your finances across banks on your dashboard, activate the connection to the bank you wish. It is easy to do so through your Eurobank e-Banking, providing your consent for each connection.

In a similar line, ATMs are standardized, and their hardware parts are not developed by the banks themselves at all. It can explain why ATM development does not significantly affect a bank’s market share, despite the fact that ATMs decrease service prices and improve accessibility . Table4 demonstrates the means, standard deviations, and correlations for all variables used in this study. We calculated the Pearson correlation coefficients using SPSS software to estimate the general pattern of relationships between the variables and to check the probability of multicollinearity among them.

Bill Payment

Today, due to the global competition among financial organizations, market share plays a vital role in banks’ success. Studies have recognized that a bank’s market share is a key element of a bank’s profitability, growth, and survival (Khan, Ahmad, & Chan, 2018). According to Buzzell et al. , possessing a large market share can result in creating economies of scale, market power, and management quality, which leads to a superb return on investment and a great profit. Therefore, striving to achieve a significant share of the whole market is of great importance for all banks and financial organizations wanting to grow and to survive in a competitive environment. This facility can be availed after session activation from Soneri internet banking or phone banking services. MyABL is designed as an instant money transfer facility for all the people seeking interbank funds transfer service.

Personal

Like other surveys, some respondents did not properly respond and return the questionnaires, and some questionnaires were flawed. There were 154 usable sets of booklets among 182 respondents, so the response rate was 85%. In general, absolute market share and relative market share are two different types of market share. Absolute market share is defined as the number of customers compared to the total number of customers .

View our list of Billers for a better understanding of Bill payment facility with our exceptional online banking service. MyABL Digital Banking is also empowered with various payment options for your educational, internet, online shopping, credit cards, government and investment payments. When funds are transferred between accounts by electronic means, it is called an electronic funds transfer . The Electronic Fund Transfer Act, passed by the federal government in 1978, established that an electronic funds transfer is any financial transaction that originates from a telephone, electronic terminal, computer, or magnetic tape .

For best viewing our website, please access through Google Chrome, Firefox or Microsoft Edge . Islamic Export Refinance is a unique Shariah compliant product provided to exporters to meet their special requirements in a completely Shariah compliant manner. Murabaha is a sale of goods/commodities to a customer on a deferred price basis. In Murabaha, Al Baraka purchases a raw material/commodity on behalf of a customer and subsequently sells it to him on agreed cost and profit basis. Both cost and profit are disclosed and agreed with the customer at the time of sale of goods. AN analyzed and interpreted all the data, and was a major contributor in writing the manuscript.

Based on the marketing literature, scales were developed to measure the development of new banking services and the bank’s market share. EFA, CFA, and Cronbach’s alpha were performed to develop the proper scales. We distributed and collected 154 questionnaires from experts at Shahr Bank. Spearman correlation ratios and linear regression analysis were applied to analyze the data. The study illustrated that there is a significant correlation between platforms of new banking services and the bank’s market share.

To ensure that non-response bias did not affect the study, we used t-tests on the mean discrepancies between the early respondents and late ones. Fortunately, the study observed no statistically significant differences between them. Furthermore, as noted above, we collected our data in 2 segregated booklets, 1 for the independent variables and 1 for the dependent variable, and at 2 different times to minimize common method biases . To check if CMB had affected our data, we used Harman’s single factor test, in which we loaded all items measuring latent variables into 1 common factor. The total variance for the single factor was 31.32 (less than 50%), suggesting that CMB was not a concern in our study. We divided our questionnaire into 2 booklets, 1 for independent variables, and the other for the dependent variable.

Where the bank card terms or other terms require amendments or additions thereto to be reduced to writing and/or signed, your acceptance of this agreement shall be deemed to satisfy such requirements. In the event of conflict between the provisions of this agreement and the bank card terms or the other terms, the provisions of this agreement will prevail.