While some believe that the telephone or television will be used for home banking, the most appropriate instrument is clearly the home computer.
Home banking is not simply a matter of consumer convenience, however.
It is difficult to be precise in defining "home banking." Much banking has always been done in the home.
The most appropriate device for conducting home banking is clearly the personal computer.
This includes cash machines, which are now being installed in off-bank sites such as super- markets and garages, but mainly refers to the growing trend towards home banking.
NatWest has taken another step forward with home banking systems where you deal with an automated voice, Actionline, and with an operator, Primeline.
As home banking increases, and more companies are involved in supplying the market, then prices are sure to fall.
It sits in front of the bank's core processing systems and provides the home banking operator with all the necessary data and tools.
Now, as the home banking
program is introduced throughout Canada, customers call a single 800 number to access a variety of services, using either touchtone or voice options.
Behind the screen, according to XDI CEO Mike Cooper, it works like this: "The online banking program passes an authentication token to our servers and we pass an XML snippet back to the home banking
program telling it what we know about the member, such as whether there are any new or high-priority documents.
The branch solution joins CO-OP's existing check imaging solutions for ATMs, kiosks and home banking
and can be purchased as a stand-alone product, the company said.
At $5 billion AA Credit Union, the system is being used by more than 400 tellers and 200,000 members accessing the credit union's home banking
system at www.