Essay: Online Banking in Bank of America

Sample Essay

The Bank of America applies new technologies in doing business. Senior Vice President Kirk Lindsey says “Customers will get better validation of their deposits and a copy of their check printed on their receipts. It will also give us the ability to have later hours to make deposits without having to pick up the items every day” (Boston College, 2008). By applying new things it is over shadowing the others in competition.

All this is due to the emergence of e-commerce. Above everything else they have been working hard to enhance security features. The firms in competition imitate what they do but in the bigger picture, it is for the good of mankind today that all their transactions go safe and sound.

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