E-Commerce, Online Banking

I have re-searched into HSBC (HSBC Website) and Halifax (Halifax Website)online banking websites. Their purposes are to provide a service to the public to make banking easier. For example, they do not have to go into town just to get a statement just to make sure their wages have been paid in or rent has been taken out. Meaning online banking makes it more convenient for us all to check our finances. Also people might not have the time to go to the bank as they may be working when the bank are open.

Its intended for people 16 and over and for people who do not have the time to visit the bank because of work or family commitments. Also for people who like to keep track of their finances to make sure their instalments have been paid out on time.

They do fulfil their purposes as it provides the service you expect. You can check your finances and transfer money from the comfort of your own living room.

Advantages it's easier to do then paying for bus fare or petrol and parking costs to go into town to check your finances. Therefore it is very convenient as you transfer money easily. However there is a disadvantage. We can not always be sure that we are transferring money safely and securely. Many people have been hacked into and had money spent on items at their expense. There is not an easy way to get this money back as the banking company may not believe you have been hacked. Although, to try and prevent this there have been measures taken for example HSBC, send a security key through the post to you that you have to use when logging in online to make sure it is you.