the size of online banking trasactions.

[klavierkonzerte]

could somone help me with this?   i'd REALLY APRECIATE IT

i have to do a report on online banking and i spent like an hour searching for the size of the online banking trasactions with no luck.

if anyone know a site or anything please help.

thanks in advance

[Torp]

What types of online transactions are you talking about?  Personal?  Business?

Are you looking for the volume of transactions?  The dollar amount of transactions?

[klavierkonzerte]

i need the amount of transactions, preferably, in dollar
and the volume of transactions

and ,if possible, a comparison of transactions in 2 years.

i'd O you BIIIGGGG if you could help me

thanks.

[Torp]

I don't know if I can help you at all, I'm just trying to narrow the scope of your project.

First, I think you need to define the types of transactions you're interested in.  Are you talking about transactions where someone buys something online?  Are you talking about the types where a business uses wire transfers or EDI to run its business?  Are you talking about paying your credit card bill online? The list may be endless at this point.


The following is a quote from

https://www.geocities.com/kstability/inbank2/finub/digicash-intro.html

The widespread use of electronic currency in the USA dates back to two decades. It begin when the automated clearinghouse (ACH) was set up by the US Federal Reserve in 1972 to provide the US Treasury and commercial banks with an electronic alternative to check processing. Similar systems emerged in Europe around the same time. Payments made today in nearly all of the deposit currencies in the world's banking systems are handled electronically through a series of interbank computer networks. One of the largest of these networks is CHIPS (Clearing House Interbank Payments System), which is owned and operated by the New York Clearing House. It is used for large-value funds transfers. In 1994, CHIPS and Fedwire combined handled 117.5 million transactions for a total value of US$506.6 trillion.

However the use of electronic transfers for settlement of money transactions by individual consumers has emerged only recently due to widespread advancement in information and tele-communication technologies, which brought about global interaction available at vastly reduced costs. As a result, we are now witnessing the early stages of development of the digital economy. Indeed, private citizens have become accustomed to using various forms of digital money, like stored-value cards, debit cards, credit cards, and ATM cards. However, the advent of networked society has opened up a whole new venue--digital cash. Digital or electronic cash is the logical but revolutionary next step in the history of money.

Also, I used a search on Google "monetary value online transactions USA" to find the above.  As you get more sites you can refine your search criteria based on the terminology you find in those sites.

Some other key terms you may wish to explore are (these would all be business related):

EDI - Electronic Data Interchange
Wire - Wire transfers
ACH - Automated Clearing House
CHIPS - Clearing House Interbank Payments System
Fedwire

This site also discussed the evolution of Digital Cash

https://www.cob.sfasu.edu/rgriffith/virtualcash.htm

You may find enough data there to start narrowing the scope of what you want to write about.  One idea might be to discuss the differences between personal and online banking practices as well as the trends in each group.  The last site I posted has some information about the various ways that personal transactions are occurring.

Another thought, the more narrowly you can define "Online Banking," the easier this project will be for you.  Of course, you might find that you could write an entire essay just discussing what that definition should be.

Hope this helped.

Jef

[klavierkonzerte]

torp i LOVE you i really do.
thanks for taking some of your time to help i REALLY apreciate this.

just finished working on that project

thanks again.

[Torp]

torp i LOVE you i really do.
thanks for taking some of your time to help i REALLY apreciate this.

just finished working on that project

thanks again.

You're welcome, how did it go?

[klavierkonzerte]

it went great
our professor told me it's the best in our class even thou he marked it as an effort of two because i added my friends name to mine.

and i just finished woking on another project about mutual funds i hope he likes it as the online banking one.

thanks again torp.