Online Banking, also known as Internet Banking, is way of performing financial transactions over the internet. It allows for paying bills, transferring funds, investing, and getting loans. It also provides clients information and full monitoring of their bank statements.

Online Banking emerges in the early 80s in the US. It has improved a lot since then and it is more secure nowadays where two security methods are followed: The PIN system and the signature based method. The PIN method (Personal Identification Number) relies on one-time password to authenticate transactions, while the signature based method relies on digital signatures.

Most of the frauds of online banking are based on deceiving internet users to steal their login info or PIN data. This happens usually on unreliable websites such as pornographic and gambling ones. One of the best ways to avoid risking your money on the internet, when conducting financial transactions, is to use a prepaid Credit Card - a card which you buy from many banks and load with whatsoever amount of money. It has a credit limit, up to 500$ or more and the bank charges you, in return, little monthly or yearly fees or a commission - a percentage of the transaction amount plus a fixed fee.

Currently there are many well know and reliable e-stores or websites which offer you means of transferring money, purchasing and selling products. In addition to the official and international companies’ websites other popular websites exist which you can rely on, such as:

1- ebay.com (e-store)
2- amazon.com (e-store)
3- paypal.com (money transfer & e-store)

P.S. These were information I collected, paraphrased and summarized from the internet. I did as well translate it into Arabic. Do you want me to post the Arabic version? huh?