What does electronic banking mean?

According to the Administrative Measures for Electronic Banking of Industrial and Commercial Bank of China, electronic banking refers to the off-counter financial services provided by banks to customers through communication channels or public networks open to the public, as well as private networks established for specific self-service devices or customers. It mainly includes counter services such as online banking, telephone banking, mobile banking and self-service banking.

According to the definition in the Measures for the Administration of Electronic Banking, which was implemented by China Banking Regulatory Commission on March 1 2006, electronic banking is a banking service provided by commercial banks and other banking financial institutions to customers by using the communication channels or open public networks established by banks for specific self-service devices or customers. Telephone banking services are conducted through the use of telephones and other audio equipment as well as telecommunication networks. E-banking services mainly include online banking services through computers and the Internet, mobile banking services through mobile phones and wireless networks, and other online services where customers use electronic service equipment and networks to complete financial transactions through self-service.

Online payment requires the electronization of the financial industry, and the establishment of E-Bank has become the general trend.

First, the head office of the bank provides a unified website, all transactions are completed by the server of the head office, and branches only accept on-site account opening applications and distribute related software and hardware;

Second, each branch has established a website to connect with each other. The customer transaction is completed by the local server, and the data is connected to the head office through the internal network of the bank, and then the head office transmits the relevant data to the servers of other branches to complete the transaction process.

From 65438 to 0997, China Merchants Bank took the lead in launching "One Netcom" for online banking and became the market leader of online banking in China.

Since March 1998, Bank of China has taken the lead in opening online banking services in China. 1April, 1999, China Construction Bank opened online banking, and conducted pilot projects in Beijing, Guangzhou, Sichuan, Shenzhen, Chongqing, Ningbo and Qingdao, which marked a substantial step in the construction of online banking in China.

At the end of 1990s, Bank of China, China Construction Bank and Industrial and Commercial Bank of China successively launched online banking, and launched online payment, online self-service transfer and online payment services, which initially realized real online financial services.

1September, 1999, the enterprise online banking business was launched, and this part of the business officially entered the track in 2000. China Merchants Bank has quietly launched the "one-card" personal banking business for stock trading, adding another sum to the development of e-banking.