The Effectiveness of Information Technology on Banking Services Delivery
The Commercial Banks perform the following functions as thus.
- Acceptance Deposit: From the entire public to individuals, corporate bodies, government on their agencies; and maintaining or keeping these deposits in either the current, savings of fixed Deposit Accounts.
- Agency Services: Involve the clearing and collection of proceeds of cheques and other instruments on behalf of their customers.
- Provision of Credit Facilities: For Customers by way of loans and overdrafts. [Read more…]