Account Management
In banking, activities start with banks automating customer accounts, which allows personnel to create, update and maintain customer records. Banking hardware and software have enhanced the accuracy of accounts that tellers and other banking personnel process. Banking software performs customer transactions through a centralized data record system. Account management is the genesis and backbone of all banking information systems.
Hardware Technology
In the 1960s, bank hardware consisted of a mainframe and a punch card machine. Punch cards contained customer account information and were read into the main system by a punch card machine. Midrange and client/server hardware configurations, which are no larger than a minitower system, can run an entire bank in addition to receiving transactions from affiliated bank branches. These new hardware technologies can process more transactions than legacy banking hardware systems. Hardware technologies have enabled advances into wireless banking and telecommunications banking.
Electronic Transactions
Banking systems must perform electronic transactions. Direct deposit is an example of an electronic transaction. Computers processing electronic transactions must have hardware and software encryption capabilities to keep data from being compromised during a transmission. After the computer performs electronic transmissions, it transfer the information to the main computer system for processing and updating. Banks have extended electronic transaction capabilities through landline and cell phones, the internet and ATMs.
Web-based Banking
Web-based banking systems use a dedicated server through a bank network system. An area of the banking system is partitioned for Internet applications. Web-based banking systems by law must include secure servers and authenticated certificates regarding transactions from the Federal Deposit Insurance Company and the Federal Reserve Board. Customers who choose to bank online can access their account through a web interface, which integrates with the main computer. A customer's credentials -- user ID and password -- pass through several checkpoints before entering the main system to perform a web-based transaction.
who would buy used computers
People can access their account balances on their personal computers, by visiting their banks website. Users can log in, pay bills and view monthly statements.
Windows 7 is commonly used on client computers.
School, Colleges,Hospitals,Industry,Railways,airlines,banks and Communications School, Colleges,Hospitals,Industry,Railways,airlines,banks and Communications computers are also used in airports, seaports, insurance companies, security units like Army, Navy etc.
The areas where computer can be used include, education, Research, business, health, banking, agriculture and entertainment. In education, they are used in teaching, they are used in banks for record keeping and maintaining accounts of customers, computer can be used to watch television watch movies, listen music, and play games, researchers collect different information on the Internet using computer to assist them in carrying out their research. In health, computers are used for maintaining records and also for diagnosis of diseases and monitoring patients.
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Computers are used for almost everything in banks. Ex:To store customer informationTo perform transactions like deposit/withdrawalsetc
Banks use a wide range of computers to carry out regular, day-to-day operations. There are Mainframe computers, minicomputers, and personal computers. An example of a mainframe computer that a bank would use would be Fujitsu-ICL VME and BS2000 machines. Minicomputers used in banks include the Wang Laboratories 2200 and VS series and Nova from Data General. Personal computers used in banks include tablet PCs, notebooks and laptops, desktop computers, palmtop computers, programmable calculators and personal digital assistants. Sources: http://www.ehow.com/list_7219907_types-computers-used-banks.html
state two uses of computers in banking
Yes, they rely heavily on computers.
banks and engineering firms
The computer is a calculation machine is create all transaction and calculate the all query easily so that all are banks is used to the computer because this is a very simple technology.
Computers are used for everything
why computers used in government
The banks
Most banks now offer online banking features
Banks use it to protect their clients' details; military and government organisations use it to keep important information secret.