Jaylie

**__// Online Banking //__**

A basic form of online banking was originally introduced in the early 1980's. Initially accounts were used to view transactions and account balances using a phone line and a terminal. Many other options have been added over time, and now customers can also pay bills, manage accounts, and view statements.

//__**Advantages**__//
 * Conveniences
 * The site never closes, its available all hours of the day, and it is easy to use
 * Has Transaction Speed
 * The banking sites generally have a fast paste speed. They can confirm transactions at a faster pase than atms.
 * Effectiveness
 * Today many sites offer more privileges for online banking.
 * This includes: stock quotes, managing programs, and rate alerts.
 * Location
 * No matter where in the world you are able to log on and manage your account.

//**__Disadvantages__**//
 * Trust
 * Sometimes you may not be shure of what you've done or if your transaction was successful. The best way to keep track of what you do is to always print your receipts.

__ Online Privacy Laws __

Some of the first privacy laws specifically focused on online businesses. But was unlikely to cause many problems for companies, since most of the privacy requirements were already in place at a majority of commercial web sites. The Online Privacy Act of 2003 was authored by the Assembly member Joseph Simitian. With this law, any online business that collects personal identification information from a California resident is required to do the following not share it with any other companies.

"History of Online Banking | eHow.com." //eHow | How To Do Just About Everything! | How To Videos & Articles//. N.p., n.d. Web. 10 Jan. 2011. <http://www.ehow.com/facts_5
 * __Bibliogrophy__**

"Online Banking: The basics." //Mortgage Rates Credit Cards Refinance Home CD Rates by Bankrate.com//. N.p., n.d. Web. 10 Jan. 2011. <http://www.bankrate.com/brm/olbs