3.3 Current Development of E-banking
E-banking products and services have become more advance and diverse. According to Yibin (2003), there are three levels of E-banking:
i) A basic information E-banking web site which is only disseminating information on banking products and services offered to customers and public.
ii) A simple transactional E-banking web site, which allows customers to submit applications for different services, make queries on their account balances, and submit instructions to the bank, but do not any account transfers.
iii) An advanced transactional E-banking web site, which allows customers to electronically transfer money to or from their accounts, pay bills, and conduct other banking
transaction online.