AN ANALYSIS OF E – COMMERCE AND ITS EFFECT ON CURRENT SCENARIO

Authors

  • Dr Dinker Jha Belan Bazar, Bangali Tola, Braham Niwas, Dist. – Munger 811201 (Bihar)

Keywords:

Technology, banks, change

Abstract

Technology innovations in the banking sector, have been shown to increase productivity of this industry around the world. Using online banking or Internet banking is often the most convenient way to transact all our banking business. When we have online access to our financial information we can pay bills, move money from one account to another, and simply take care of all our business without walking into local bank branch. Use of internet banking is becoming common because no one wants to take the time to stop at the bank to get things done. When we use Internet banking, everything we need can be done from the comfort of our own home or office. The great thing is we don't have to change banks to take advantage of the Internet bank capabilities. Most banks offer online banking, giving us complete access to our bank accounts, our loans, and even to bill payments. This means we can log on, move money around, pay bills including loans and mortgages, and that is all. There is no need to stop at the bank to move money from savings to checking. We might even be able to order cheques online. If we really want to save time, we can even get our bank statements through Internet bank, doing away with all of that paper that stacks up in filing cabinet.

References

REFERENCES

Andal, F. D, (1997), ‘State and Local Taxation of Electronic Commerce: Read My Email,

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Caribbean Organisation of Tax Administrators General Assembly, (2000), “The Impact of the Growth of the Internet and Electronic Commerce on Tax Administration’, Prepared by the United States Internal Revenue Service.

Case, Wendy and Charles Ramires, (2000), ‘Despite the ruling it will be hard to stop free music exchange’, The Detroit News, Friday, July 28 2000.

Chaitoo, Ramesh, (2000), ‘Electronic Commerce and CARICOM Economies: Strategic Eastern

Caribbean Central Bank, (1999), ‘The Tax structures of Barbados, Jamaica, Guyana and Trinidad and Tobago

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Published

2014-01-31

Issue

Vol. 2 No. 2 (2014): JANUARY 2014

Section

Articles

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