|
STATEMENTS THROUGH E-MAIL OR MOBILE TO
MERCHANT ACCOUNT HOLDERS
The best way and the most convenient way
of the internet banking is the online
statement system. It is also powerful as
well as simple. The credit card details
can be viewed instantly through the
online banking systems. In the early
days, the statements could be obtained
through the postal systems. It resulted
in delay of delivery as well as many
other reasons. Though the statements
were important and urgent, the postal
delay made it useless. A merchant
account holder as well as the customer
has to register themselves for the
online statement system services.
Internet plays an important role in
these areas as it is used as a main
channel through which these services are
into effect.
A merchant account holder can easily get
fast as well as reliable access to the
account with the use of the internet
banking systems. Once the merchant
account holder opens a new account,
he/she has to fulfil the formalities of
the bank. The application form contains
the customer’s details like name, phone
numbers, e-mail address, etc. Once it is
verified by the bank officials, the
information is updated in the database
of the bank. Hence, we can say that the
contact details are also registered as
well. Once it is registered, the credit
card issuing bank updates every detail
of the transactions made through SMS to
the particular customer. The customer
can easily have a look on the latest
transaction made as well as of the
pasts. The mobile statement shows the
bank balances as well as other
transaction records like deposits and
withdrawals, etc.
This system is very convenient as the
programmed internet banking services
sends a reminder of every bill payments,
received funds, etc. Because of this, a
customer cannot miss any bill payments
that have to be made in time. The
customers are also prompted through the
e-mails. An e-mail is sent to the
customer regarding important issues
along with a copy of the bank account
statement. It is considered as the most
time saving concept in the internet
banking system. With the use of credit
card, there is no risk of you money
being snatched anymore. Cash withdrawals
can be done 24 hours a day using the
ATMs. The transactions made through the
ATMs are also prompted through e-mails
or mobile services. This way a customer
can get the details of the card being
use. If a customer looses the credit
card and if any other person use the
card to withdraw money, then the
customer can easily get the details
about the transaction and hence the
culprit can be traced.
The internet technology has created a
more convenient impact for the users.
Though some charges are applied to the
customers for using the information
service, it is safe, perhaps. Some of
the banks take about 90 days from the
date of issue of the credit card to
activate this service for the customers
and some banks do it instantly. Hence,
the modern banking systems provide
statements through e-mails or mobile to
merchant account holders |
