In the case of United Kingdom, a data view technology called Prestel was used. Soon after the commercial failure of videotex system the home banking services on no account become accepted except in France and some European countries where the use of Minitel-videotex was continued by the telecommunication services. Citibank and Morgan chase provided home banking services using the Minitel-Videotex system. The first online banking service started in New York in the year of 1981. Tele banking may also refer to the use of numeric keys to send signals via a telephone line comprising transactional instructions to the bank. The word online became most popular in the late 1980’s and referred to the use of Information technology infrastructure like computers, servers, and cables to access the bank transactions using a telephone line. The predecessor for the online banking services is the detachment banking services through electronic media from the early 1980s. EVOLUTION OF Bank Management System Project Report in Java: The Online Bank Management System services are well known as distance banking services operated through electronic medium.
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