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  2. Banking software - Wikipedia

    en.wikipedia.org/wiki/Banking_software

    Banking software is used by millions of users across hundreds or thousands of branches. This means that the software must be managed on many machines even in a small bank. The core banking system is a major investment for retail banks and maintaining and managing the system can represent a large part of the cost of running a bank.

  3. Automated clearing house - Wikipedia

    en.wikipedia.org/wiki/Automated_Clearing_House

    Transactions received by the bank during the day are stored and transmitted in batches to the ACH. ACHs are net settlement systems, so settlement may be delayed for days, and there is some settlement risk. ACHs may allow for the transfer of a limited amount of additional information along with payment instructions.

  4. Online transaction processing - Wikipedia

    en.wikipedia.org/wiki/Online_transaction_processing

    OLTP has also been used to refer to processing in which the system responds immediately to user requests. An automated teller machine (ATM) for a bank is an example of a commercial transaction processing application. [3] Online transaction processing applications have high throughput and are insert- or update-intensive in database management.

  5. Core banking - Wikipedia

    en.wikipedia.org/wiki/Core_banking

    Core banking systems typically include deposit, loan, and credit-processing capabilities, with interfaces to general ledger systems and reporting tools. Core banking applications are often one of the largest single expenses for banks and legacy software is a major issue in terms of allocating resources.

  6. Digital banking - Wikipedia

    en.wikipedia.org/wiki/Digital_banking

    A digital bank represents a virtual process that includes online banking, mobile banking, and beyond. As an end-to-end platform, digital banking must encompass the front end that consumers see, the back end that bankers see through their servers and admin control panels, and the middleware that connects these nodes.

  7. Online banking - Wikipedia

    en.wikipedia.org/wiki/Online_banking

    By 2000, 80% of U.S. banks offered e-banking. Customer use grew slowly. At Bank of America, for example, it took 10 years to acquire 2 million e-banking customers. However, a significant cultural change took place after the Y2K scare ended. In 2001, Bank of America became the first bank to top 3 million online banking customers, more than 20% ...

  8. Payment system - Wikipedia

    en.wikipedia.org/wiki/Payment_system

    Payment systems are used in lieu of tendering cash in domestic and international transactions. This consists of a major service provided by banks and other financial institutions. Traditional payment systems include negotiable instruments such as drafts (e.g., cheques) and documentary credits such as letters of credit. With the advent of ...

  9. Transaction processing system - Wikipedia

    en.wikipedia.org/wiki/Transaction_processing_system

    In addition to airlines, TPF is used by large banks, credit card companies, and hotel chains. The Hewlett Packard Enterprise NonStop system (formerly Tandem NonStop) is a hardware and software system designed for Online Transaction Processing (OLTP) introduced in 1976. [2] The system provides an extreme level of availability and data integrity.

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