The Government of Argentina's capital movement restrictions known locally as the "corralito" clogged banking services with long lines of people outside banks waiting to be assisted by a bank employee. In seeking an alternate way to access real time financial information and pay bills, many tech-resistant people have become eager users of the internet for banking transactions.
The Government of Argentina's capital movement restrictions known locally as the "corralito" clogged banking services with long lines of people outside banks waiting to be assisted by a bank employee. In seeking an alternate way to access real time financial information and pay bills, many tech-resistant people have become eager users of the internet for banking transactions.
The number of home banking users had been growing steadily in 2001 but the growth curve during the month of December simply rocketed. The first half of 2002 shows continued growth in the on-line payment of bills.
The explosion of web transactions through bank portals rose 500% and the number of home-banking users rose an average of 250% per bank. The Argentine bank Banco de Galicia reported that the institution had been adding 4,000 on-line banking users per month prior to December 2001 but that number rose to 30,000 at the end of the year due to banking restrictions. Bank Boston witnessed the same trend. Their number of users doubled and the number of on-line transactions tripled.
Argentine Government regulation that limited cash payments forced people to use the banking system for electronic transactions thereby giving a significant push to the use of on line services, ATMs and debit cards. Banks reported an increase of 70% in ATM transactions and a 750 % increase in the number of purchases made with debit cards
Tuesday, June 26, 2007
status of online banking in Malaysia
The electronic revolution in the Malaysian banking sector is claimed by Pang (1995) to have started in the 1970's. However, the first visible form of electronic innovation in the Malaysian banking industry was the introduction of Automated Teller Machines (ATMs) in 1981. The ATMs to a large extent released banks from the constraints of time and geographical location. They presented banks with a more economical substitute for brick and mortar branches.
Then in the early 1990's telebanking was introduced in Malaysia, which provided yet another delivery channel for branch financial services via telecommunications devices connected to an automated system of the bank by utilising Automated Voice Response (AVR) Technology.
Advances in telecommunications and information technology then culminated in banks offering their services through personal computers located at the customer's premises through the use of Intranet proprietary software. However, it is interesting to note that PC-banking or desktop banking was mainly popular among banks' corporate customers rather than their retail customers.
Then in the early 1990's telebanking was introduced in Malaysia, which provided yet another delivery channel for branch financial services via telecommunications devices connected to an automated system of the bank by utilising Automated Voice Response (AVR) Technology.
Advances in telecommunications and information technology then culminated in banks offering their services through personal computers located at the customer's premises through the use of Intranet proprietary software. However, it is interesting to note that PC-banking or desktop banking was mainly popular among banks' corporate customers rather than their retail customers.
views on online banking
Online banking and financial services continue to grow, resulting in increased revenues and reduced operating costs. As these services have expanded, they have rapidly become the targets of advanced scams and technological assaults. Phishing, originally spread through emails, was more of a trick than a technical hack. Phishing 2.0, illustrated by numerous assaults on major commercial banks, utilizes a complex "Man-in-the-Middle" attack. With the threat of DNS poisoning on the horizon, and the ever advancing hackers and scam artists, online banking and financial services must take an active role in protecting their consumers.
Uniloc netANCHOR fully protects consumers and financial service providers from the full range of cyber crime threats, including Phishing, Man-in-the-Middle attacks, DNS Poisoning, and all other forms of impersonation. Device locking is an extraordinarily secure and robust method for protecting online services.
Utilizing netANCHOR device locked access allows service providers to limit transactions to trusted devices. Knowing with certainty that a transaction is coming from a user's regular computer, whether it is their laptop, home machine or work computer, creates a level of trust unavailable to any other system.
The FFIEC requirements for two factor authentication are easily met with netANCHOR. The Uniloc solution mitigates the risk of Phishing and other scams because the user's actual computer is required. With a device locked solution, hackers not only need to steal a user's information, but they must also steal the user's physical computer. No other solution is as simple and secure as netANCHOR.
Uniloc netANCHOR fully protects consumers and financial service providers from the full range of cyber crime threats, including Phishing, Man-in-the-Middle attacks, DNS Poisoning, and all other forms of impersonation. Device locking is an extraordinarily secure and robust method for protecting online services.
Utilizing netANCHOR device locked access allows service providers to limit transactions to trusted devices. Knowing with certainty that a transaction is coming from a user's regular computer, whether it is their laptop, home machine or work computer, creates a level of trust unavailable to any other system.
The FFIEC requirements for two factor authentication are easily met with netANCHOR. The Uniloc solution mitigates the risk of Phishing and other scams because the user's actual computer is required. With a device locked solution, hackers not only need to steal a user's information, but they must also steal the user's physical computer. No other solution is as simple and secure as netANCHOR.
Tuesday, June 12, 2007
Online Trading Information
Online Trading
Ever notice that most brokerage firm analysts recommend stocks within 10% of their tops? They also never tell you when to sell. Their sell recommendations are only 5% in number of their buy recommendations. Why? Because they get investment banking fees from companies, and you don't want to put a sell on a company that's paying you a fee.
The greatest trading profits are made by buying those companies whose asset structures, debt equity ratios, and corporate structures are solid, but for one reason or another, their stock price has been wiped out. The Street is throwing them away because once a company encounters difficulty, no institution at the end of the quarter, and certainly year end, wants to show them on its position listing.
If you want to make money, big money, buy that which is being thrown away. But first you must be certain that there is merit in the company, that true value still exists over and above the price at which the company is selling. This is what we do. We analyze the company and determine that there is still value. We assure ourselves that this will not be a bankruptcy. We wait for the institutions to complete their destruction of the stock. We watch technically for when we believe the reflex rally will begin.
Then we bring the idea to you. The returns can be very big off the bottom. There is very little competition for what we at StocksAtBottom.com do. Analysts do not dare recommend stocks at the bottom. As stocks approach their tops, analysts pile on. They perceive correctly that this is when things look brightest. Of course they do, but the good news is already reflected in the price of the stock. We e-mail you ideas when the perception is at its bleakest.
We are protected because, in our analysis, we are looking at true value: is there cash? What is the book value? What is the debt to equity ratio? What are the sales forecasts? We listen to what management is saying. SAB checks to see if management is buying on the open market. We check to see what competitors are saying about the company. We listen to vendors when they talk about the company.
The last people we listen to are the analysts on Wall Street. Analysts are biased. They have private agendas that they are concerned with. These agendas include protecting investment banking business, and the potential of acquiring additional investment banking business
There's an old saying: if you always do what you always did, you'll always get what you always got. Of course there's also insanity, which is doing the same thing over and over again expecting a different result. If you are unhappy with your results in the market, then you must try something different. Our approach is different and remains unique. When and if the street adopts our approach, we will move to something new.
Over 95% of professional money managers in the United States today fail to achieve a return for their investors equal to the returns of the Dow Jones or the S&P 500. Why? They buy as a pack and they sell as a pack. They are emotionally unable to stray from what the majority is doing. As we all know, the majority can be wrong.
Ever notice that most brokerage firm analysts recommend stocks within 10% of their tops? They also never tell you when to sell. Their sell recommendations are only 5% in number of their buy recommendations. Why? Because they get investment banking fees from companies, and you don't want to put a sell on a company that's paying you a fee.
The greatest trading profits are made by buying those companies whose asset structures, debt equity ratios, and corporate structures are solid, but for one reason or another, their stock price has been wiped out. The Street is throwing them away because once a company encounters difficulty, no institution at the end of the quarter, and certainly year end, wants to show them on its position listing.
If you want to make money, big money, buy that which is being thrown away. But first you must be certain that there is merit in the company, that true value still exists over and above the price at which the company is selling. This is what we do. We analyze the company and determine that there is still value. We assure ourselves that this will not be a bankruptcy. We wait for the institutions to complete their destruction of the stock. We watch technically for when we believe the reflex rally will begin.
Then we bring the idea to you. The returns can be very big off the bottom. There is very little competition for what we at StocksAtBottom.com do. Analysts do not dare recommend stocks at the bottom. As stocks approach their tops, analysts pile on. They perceive correctly that this is when things look brightest. Of course they do, but the good news is already reflected in the price of the stock. We e-mail you ideas when the perception is at its bleakest.
We are protected because, in our analysis, we are looking at true value: is there cash? What is the book value? What is the debt to equity ratio? What are the sales forecasts? We listen to what management is saying. SAB checks to see if management is buying on the open market. We check to see what competitors are saying about the company. We listen to vendors when they talk about the company.
The last people we listen to are the analysts on Wall Street. Analysts are biased. They have private agendas that they are concerned with. These agendas include protecting investment banking business, and the potential of acquiring additional investment banking business
There's an old saying: if you always do what you always did, you'll always get what you always got. Of course there's also insanity, which is doing the same thing over and over again expecting a different result. If you are unhappy with your results in the market, then you must try something different. Our approach is different and remains unique. When and if the street adopts our approach, we will move to something new.
Online Bank
Benefits Of Online Banking
More Free. Fast. Secure.It's FREE. We don't charge for online banking or to pay bills online from a Bank checking account.It's FAST. There's no complicated software to download or learn. Just register and set up your user name and password, and you're ready to go!it's SECURE. You can bank online ecurity features are designed to guard your personal information. In the unlikely event that a fraudulent online banking transaction occurs while on our site
Reasons to sign up for Online BankingGet account information at your convenienceWhy wait for paper statements to balance your checkbook? With Personal Online Banking, you can:See account details for your eligible checking, savings, CD, loan, line of credit and mortgage accounts.
Check account balances and payment history.Transfer funds between eligible Washington Mutual deposit accounts—and schedule future transfers.Download account information to Personal Financial Management software, such as Quicken® or Microsoft® Money.Save shredding time (and trees)—if you sign up to receive Online Statements, you can opt to stop getting paper statements in the mail.Pay bills online—free of feesKick the check-writing habit—and kiss envelopes, stamps and stacks of paper goodbye. With our online Personal Bill Pay® service, you can:Pay virtually anyone in the United States from your eligible checking account.Schedule payments in advance—both one-time and recurring payments.Pay multiple bills quickly, from the same screen.See 18 months of your bill payment history.
Get a great deal—no matter how many bills you pay each month, Personal Bill Pay service is free (subject to funds availability, of course).Pay bills on time—guaranteedYou won't have to worry about bill payments being late with our Personal Bill Pay service. When you initiate your payment four business days before the due date, you get our On Time Guarantee.
Reasons to sign up for Online BankingGet account information at your convenienceWhy wait for paper statements to balance your checkbook? With Personal Online Banking, you can:See account details for your eligible checking, savings, CD, loan, line of credit and mortgage accounts.
Check account balances and payment history.Transfer funds between eligible Washington Mutual deposit accounts—and schedule future transfers.Download account information to Personal Financial Management software, such as Quicken® or Microsoft® Money.Save shredding time (and trees)—if you sign up to receive Online Statements, you can opt to stop getting paper statements in the mail.Pay bills online—free of feesKick the check-writing habit—and kiss envelopes, stamps and stacks of paper goodbye. With our online Personal Bill Pay® service, you can:Pay virtually anyone in the United States from your eligible checking account.Schedule payments in advance—both one-time and recurring payments.Pay multiple bills quickly, from the same screen.See 18 months of your bill payment history.
Get a great deal—no matter how many bills you pay each month, Personal Bill Pay service is free (subject to funds availability, of course).Pay bills on time—guaranteedYou won't have to worry about bill payments being late with our Personal Bill Pay service. When you initiate your payment four business days before the due date, you get our On Time Guarantee.
To take part, just remember to:
Schedule the first Payment to each Payee four (4) business days before the due date.Schedule the next payments two (2) Business Days before the due date for a Payment that is made electronically and four (4) Business Days before the due date for a Payment made by check.* You will know whether the On Time Guarantee is two (2) business days or four (4) business days before the due date by the Estimated Due Date (Deliver By Date) shown at the time you schedule your payment. (Due date does not include grace period, if any).Provide accurate payment instructions.Make sure you have available funds in your account to cover the payment.Not make a "restricted" payment, such as a court-ordered tax, securities settlement or international payment.
Please see our Online Banking Terms & Conditions for full details.Service your accountsNo more mail, phone calls or trips to the bank to service your accounts. Instead, you can just log on to:Order new checks—even order different styles for your checking account!Stop a payment on a deposit account check.Order copies of checks or paper statements.Update your address.Send secure online messages to Washington Mutual
Online Trading Information
Making trades via the Internet.
Investopedia Says: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online.
Buying and selling securities using the Internet or broker-provided proprietary software that works through the Internet. Online trading is distinguished from Wireless Trading, a nascent area of service where brokerage customers can trade via cell phones, pagers, and hand-held organizers.
Currency Trading Online
Free $50,000 Practice Account With Real-Time Charts, News & Research! www.Forex.comSOGO Online TradingOnline Trading. SOGO, reliable, and trusted. Register today! sogoinvest.com
Finance and Investment Terms
Dictionary of Finance and Investment Terms, 7th edition, by John Downes and Jordan Elliot Goodman, published by Barron's Educational Series, Inc.A useful quick-reference tool for the home or office, the Dictionary of Finance and Investment Terms gives concise definitions of terms relating to transactions, tax law, stocks, bonds and mutual funds, and lingo of the financial markets. Includes related topics for further reading
Understanding Market Types
Market Type Values
The following market types are defined in TradingSolutions.
Ä Note: If you are using data for a market which does not have a market type, select a market type that is closest to the way it trades.
· Stock/ETF
This market type is used for data which is traded like a normal stock, including stocks and exchange traded funds (ETF’s).
· Mutual Fund
This market type is used for data which is traded like a mutual fund. The primary difference between stock data and mutual fund data is that mutual fund data defaults to trading at the next day’s close. However, this can be modified in the trading styles.
· Index Data
This market type is used for data which contains index information. It is typically used only as an input to other trading and is not traded directly. Index data is not checked for outliers and other characteristics of bad price data.
Ä Note: When trading an exchange traded fund, index fund, or index future, the data associated with the pricing of that instrument should be used rather than creating signals on the underlying index.
The following market types are defined in TradingSolutions.
Ä Note: If you are using data for a market which does not have a market type, select a market type that is closest to the way it trades.
· Stock/ETF
This market type is used for data which is traded like a normal stock, including stocks and exchange traded funds (ETF’s).
· Mutual Fund
This market type is used for data which is traded like a mutual fund. The primary difference between stock data and mutual fund data is that mutual fund data defaults to trading at the next day’s close. However, this can be modified in the trading styles.
· Index Data
This market type is used for data which contains index information. It is typically used only as an input to other trading and is not traded directly. Index data is not checked for outliers and other characteristics of bad price data.
Ä Note: When trading an exchange traded fund, index fund, or index future, the data associated with the pricing of that instrument should be used rather than creating signals on the underlying index.
FOREX Spot
This market type is used for data which is traded on the FOREX spot market. Trading is done on margin based on settings in the trading style. A bid/ask spread is defined to address the spread brokers charge for this type of trading. See below for additional setting required for this market type.
· Futures
This market type is used for data which is traded as Futures contracts. Trading is done on margin based on the settings in the data series. See below for additional setting required for this market type.
Ä Note: Futures data can be imported as individual contracts or as a continuous contract. It is typically easier to use continuous contracts in TradingSolutions for developing and analyzing trading signals.
This market type is used for data which is traded on the FOREX spot market. Trading is done on margin based on settings in the trading style. A bid/ask spread is defined to address the spread brokers charge for this type of trading. See below for additional setting required for this market type.
· Futures
This market type is used for data which is traded as Futures contracts. Trading is done on margin based on the settings in the data series. See below for additional setting required for this market type.
Ä Note: Futures data can be imported as individual contracts or as a continuous contract. It is typically easier to use continuous contracts in TradingSolutions for developing and analyzing trading signals.
Market Type Settings
Futures and FOREX spot markets require additional settings in order to be traded. In many cases, default values for these settings can be assigned when the data is first imported.
· FOREX Spot
¨ Pip Size
This setting indicates the minimum amount by which the price can fluctuate. Most foreign currency pairs have a pip size of 0.0001.
¨ Bid/Ask Spread
This setting indicates the bid/ask spread your FOREX broker is using for this currency pair. All prices in the data series are assumed to Bid prices. The Bid/Ask spread is used during signal analysis whenever the Ask price is required.
Ä Note: This value will always default to 5 pips. Individual brokers may have a spread of anywhere from 2 pips to over 10 pips for individual currencies.
¨ Localization
This setting indicates which currency in the pair you will be taking your profits in.
: Example: If your account is in U.S. dollars (USD), you should specify My Currency is First for pairs such as "USD/JPY" where USD is the base currency. You should specify My Currency is Second for pairs such as "EUR/USD" where USD is the counter currency.
Ä Note: TradingSolutions currently does not support full analysis of foreign pairs. If you are using a pair in which neither currency is the currency your account is in, you should specify My Currency is First. The profits will be listed in the Base (first) currency. The effects of converting to and from this currency to your account currency will not be included.
· Futures
The following settings are required for using data with the Futures market type. These values are all specified by the exchange where the contract is being traded. For common U.S. contracts, these values will default to the values being used as of March 1, 2005.
¨ Minimum Price Movement (Tick)
This setting indicates the minimum amount by which the price can fluctuate, along with the equivalent value for a standard contract.
¨ Initial Margin
This setting indicates the minimum amount of money per contract that must be in the account at the beginning of the trade.
¨ Maintenance Margin
This setting indicates the minimum amount of money per contract that must be in the account after the trade has started. It is typically less than the initial margin, but may be equal to it.
Market Type Settings Considerations
Since the market type and the market type settings are set for each individual data series, settings will typically be uniform for all fields across that data series. However, there are cases in which you may have settings that do not match those of the data series:
· Changing Market Type
Market types were introduced in TradingSolutions v3.1. Prior to this, futures and FOREX data was analyzed as stock data. In order to preserve models developed in previous versions, the market type of existing models is maintained until otherwise specified.
· Changing Market Type Settings
There are times when it may be necessary to change the settings associated with the market type. The most common example is changing the FOREX bid/ask spread when changing brokers. In order to preserve models developed with the old settings, the settings of existing models are maintained until otherwise specified.
· Applying a Trading Solution
If you apply a trading solution to data that has a different market type than that data used to create it, any trading styles used by the trading solution will be associated with the wrong market type. Also, it may be possible that the data in the portfolio used to create the trading solution has different market settings. This is especially common for the FOREX bid/ask spread.
When you change the market type or market type settings of a data series on the Modify Data Series: Trading Settings page, TradingSolutions will offer to recalculate/re-optimize any existing fields to use the new settings. It is important to note that you should not do this if you would like to maintain the current signals or values.
If a field has been created with a market type of market type settings that are different than the associated data, any trading styles associated with the field definition will have an additional checkbox indicating the alternate settings that are being used. Un-checking this checkbox will cause the field to recalculate or re-optimize with the current data settings.
Ä Note: For fields defined for an entire group, this checkbox can be found on the Modify Field Dialog: Overview page.
Similarly, if a field is currently using a trading style associated with a different market type, it will be prefaced with the words "WRONG MARKET" in the trading style selection control.
Futures and FOREX spot markets require additional settings in order to be traded. In many cases, default values for these settings can be assigned when the data is first imported.
· FOREX Spot
¨ Pip Size
This setting indicates the minimum amount by which the price can fluctuate. Most foreign currency pairs have a pip size of 0.0001.
¨ Bid/Ask Spread
This setting indicates the bid/ask spread your FOREX broker is using for this currency pair. All prices in the data series are assumed to Bid prices. The Bid/Ask spread is used during signal analysis whenever the Ask price is required.
Ä Note: This value will always default to 5 pips. Individual brokers may have a spread of anywhere from 2 pips to over 10 pips for individual currencies.
¨ Localization
This setting indicates which currency in the pair you will be taking your profits in.
: Example: If your account is in U.S. dollars (USD), you should specify My Currency is First for pairs such as "USD/JPY" where USD is the base currency. You should specify My Currency is Second for pairs such as "EUR/USD" where USD is the counter currency.
Ä Note: TradingSolutions currently does not support full analysis of foreign pairs. If you are using a pair in which neither currency is the currency your account is in, you should specify My Currency is First. The profits will be listed in the Base (first) currency. The effects of converting to and from this currency to your account currency will not be included.
· Futures
The following settings are required for using data with the Futures market type. These values are all specified by the exchange where the contract is being traded. For common U.S. contracts, these values will default to the values being used as of March 1, 2005.
¨ Minimum Price Movement (Tick)
This setting indicates the minimum amount by which the price can fluctuate, along with the equivalent value for a standard contract.
¨ Initial Margin
This setting indicates the minimum amount of money per contract that must be in the account at the beginning of the trade.
¨ Maintenance Margin
This setting indicates the minimum amount of money per contract that must be in the account after the trade has started. It is typically less than the initial margin, but may be equal to it.
Market Type Settings Considerations
Since the market type and the market type settings are set for each individual data series, settings will typically be uniform for all fields across that data series. However, there are cases in which you may have settings that do not match those of the data series:
· Changing Market Type
Market types were introduced in TradingSolutions v3.1. Prior to this, futures and FOREX data was analyzed as stock data. In order to preserve models developed in previous versions, the market type of existing models is maintained until otherwise specified.
· Changing Market Type Settings
There are times when it may be necessary to change the settings associated with the market type. The most common example is changing the FOREX bid/ask spread when changing brokers. In order to preserve models developed with the old settings, the settings of existing models are maintained until otherwise specified.
· Applying a Trading Solution
If you apply a trading solution to data that has a different market type than that data used to create it, any trading styles used by the trading solution will be associated with the wrong market type. Also, it may be possible that the data in the portfolio used to create the trading solution has different market settings. This is especially common for the FOREX bid/ask spread.
When you change the market type or market type settings of a data series on the Modify Data Series: Trading Settings page, TradingSolutions will offer to recalculate/re-optimize any existing fields to use the new settings. It is important to note that you should not do this if you would like to maintain the current signals or values.
If a field has been created with a market type of market type settings that are different than the associated data, any trading styles associated with the field definition will have an additional checkbox indicating the alternate settings that are being used. Un-checking this checkbox will cause the field to recalculate or re-optimize with the current data settings.
Ä Note: For fields defined for an entire group, this checkbox can be found on the Modify Field Dialog: Overview page.
Similarly, if a field is currently using a trading style associated with a different market type, it will be prefaced with the words "WRONG MARKET" in the trading style selection control.
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