An investigation on consumer perception and trust in e-banking Literature review

An probe on consumer perception and trust in e-banking transactions through vigorous border.The case of Lloyds TSB - Literature redirect examination ExampleE-banking is also known as internet banking which is an extension of personal computer banking (Stair & et. al., 2009). E-banking utilises internet as a medium for conducting several banking activities such as currency transfer, bill payment, balance observation and bribe of financial products among others. E-banking is the outcome of explored opportunity to utilise internet applications in several fields of banking (Bak & Stair, 2011). According to Fonchamnyo (2012), e-banking has experient rapid growth and changed the traditional banking practices of customers. This growth can lead to massive shift in banking practices principal to advanced business performance. In fact, e-banking has become a major trend for banks to sell their products and services and is perceive to be an inevitable component or ally for banks to re main profitable and successful. However, the acceptance of e-banking is not redden particularly between developed and developing nations. It is believed that the different perceptions of customers about the use of e-banking result in trust and adoption of e-banking facilities (Scribd, 2013). Mobile banking is a subsection of e-banking which has gained growing popularity amongst numerous segments of society. Mobile banking denotes the provision of banking services with the precaution of telecommunication devices (Sarlak & Hastiani, 2010). With the use of expeditious technology, banks can provide several services to the customers such as money transfer whilst travelling, obtaining online updates or even conducting stock trading and financial transaction activities while being caught in traffic. Therefore, mobile banking provides convenient, simple and timeless banking experience (Canadian Imperial Bank of Commerce, 2013). The mobile e-banking phenomenon which can expressively allu re banks operational efficiency and services, is gaining status in developed nations. However, ir leverive of its several advantages, the use of mobile phone in banking activities is still in the beginning phase, particularly in developing nations (Burri & Cottier, 2012). Following the technological developments, mobile phones are permeating in every aspect of life. The quick propagation of mobile phone not only has transformed the manner in which people live, but also has created a new direct for service delivery. The elevated penetration rate of mobile phone has resulted in increased use of mobile devices for the purpose of banking as it adds more value to the customers (Kumar, 2009 IBM Corporation, 2011). The prospect of mobile e-banking relies on customers perception. Customers are only uncoerced to conduct mobile e-banking transaction, if they acquire value from it. From the perspective of customers, this value can be defined with respect to customer perception of using a new technology (Yang & Ma, 2012). 2.2 Consumer Perception Theory 2.2.1 Technology word sense Model (TAM) On the basis of Technology Acceptance Model (TAM) model, the overall feeling or lieu towards the utilisation of technology oriented system is a key determinant of adoption of any