"ABSA" is the abbreviation of Amalgamated Banks of South Africa. It is not a single bank. Many banks have merged to create" ABSA" It was formed in 1991. Its head quarter is in Johannesburg, South Africa (SA). ABSA (Amalgamated Banks of South Africa) is one of the largest and most respected financial institutions in South Africa, fulfilling the financial needs of every type of customer and offering the full gamut of financial and banking services. It has its branches in many African countries like Mozambique, Angola, Tanzania, and Zimbabwe. It headquarters is in Johannesburg and it is listed on the JSE Limited previously known as JSE Securities Exchange and the Johannesburg Stock Exchange. ABSA, or "Amalgamated Banks of South Africa", is a wholly owned subsidiary of ABSA Group Limited, and is a convenient, reliable place for a person to carry out their banking business. As part of the many services that clients may take advantage of, ABSA internet banking is convenient, low cost, and is an incredibly useful tool in this busy, fast-paced world.
Internet and Internet Banking
With the advancement in Information Technology, the uses of the internet now are endless. The banking sector has decided to make the best use of it. All the commercial banks are now well equipped to provide various kinds of products and services to the consumers. ABSA Internet banking operates 24 hours a day and seven days a week. Now the account holders can access their accounts anytime from anywhere in the world. They only need a supercomputer system connected with the "WEB". Online banking has many advantages both for the consumers and commercial banks. The demand for Internet banking is increasing day by day.
Why is ABSA Internet banking becoming popular day by day?
Internet banking which is more commonly known as Online Banking operates round the clock. Now customers need NOT stand in long queues to complete their transactions. It is a full Internet based service. In order to access their accounts, consumers need NOT download additional softwares. User's operating system, browser, and hardware should be compatible and internet friendly only. This is why ABSA internet banking is gaining popularity day by day.
Recommended operating systems related to the internet banking usually are:
Mac® OS X, Windows® 2000, Windows® XP, Windows® 7 and Windows® 10 Suitable browsers For Windows PC's are internet Explorer®, UC Browser® Firefox® and Google Chrome® For Apple Macintosh, the suitable browser is safari™. Besides this internet banking requires additional settings for supported browsers.
First Commercially Successful Internet Bank in the United States
NetBank was established in 1996.NetBank claims to be the United States first commercially successful internet bank. Unfortunately, the same bank was closed on September 28, 2007, by the Office of Thrift Supervision (OTS).