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ELECTRONIC BANKING

ng, there's no postage and your bills are processed quickly - whenever you want them paid.You can pay your bills online, so it only makes sense to receive them that way, too. This is called "Electronic Bill Presentment," and more and more businesses are going to offer it. - No more lost bills.Your dog can't eat electronic bills. Your kids can't misplace them. And you can't lose them under a stack of catalogs. - Pay bills when you want to.Not when the post office decides to deliver them. Click to see it. Click to pay it. Your bills appear right on your computer screen and look much like the printed bills you are used to getting. But the difference is you can pay them with just the click of a mouse. - Better record keeping.All your billing and payment information is kept in one convenient location, not in messy cardboard boxes or goodness only knows where else. You can pay your bills online, so it only makes sense to receive them that way, too. This is called "Electronic Bill Presentment," and more and more businesses are going to offer it.In addition to paying bills online, you can get current information any time you want it. So you can get up-to-date account balances, transfer funds, obtain information about check clearing; all sorts of things. You can import this information directly into today's popular financial management programs such as Quicken without having to re-enter it. You buy things all the time with credit cards, right? Well then, those are electronic transactions just like these. Today's latest Web browsers have sophisticated encryption that's very secure. What's more, electronic checks are safer than having paper checks lying around where anyone can obtain and misuse your account information. Experts predict it would take a hacker over 2,000 years to crack 56-bit encryption. Yet many financial institutions today require a browser that supports 128-bit encryption, which would take about 12,710,204,652,610,000,000,00...

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