IT Usage In Banking Industry

IT Usage in Banking effort 1. The Usage of IT in The Banking assiduity Information technology has dramatically miscellanead the way banking is done oer the last 15 years or so. The era of castrate banking in Canada began from the establishment of Interacs national Automated destroy Machine (ATM) network in 1986. National Debit batting order network was introduced in 1994. First full utility virtual(prenominal) bank came into being in 1997. Most recently neck of the woods recognition banking has begun to emerge in the Canadian business scene.

1 of the enabler of this Information technology revol ution in Canadian financial service industry is Automated Teller Machine, which is essentially a date terminal with two input and 4-spot tractor trailer devices. The two input devices are Keypad and card reader. The four output devices are speakers, display screen, receipt printer, and cash dispenser. The drug user inserts the card in the card reader and key in the PIN number via the keypad. The receipt printer prints the receipt and t...If you fill to get a full essay, order it on our website: OrderCustomPaper.com

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