Comparison Among the Barclay’s Bank and Other Banks in U.

There are many state of factors to be considered and compared that influence the
internet banking of Barclay’s and other Banks present in U.K making them to adopt models
of internet banking.

Social and Educational Issues:

• Social Trends:

The usage of new technologies became quite common by the consumers of U.K.
Credit cards, charge cards and debit cards represent plastic money which became the
trading culture of UK. 3,909,000,000 people were using the plastic card to purchase an item
from the shop in the year 2000 according to study of National Statistics. UK people are
accepting the activities that are related to E-Commerce. The electronic transactions were
considered as standard procedure in the internet banking. The internet banking of Barclay
bank is made widespread in UK than other banks. As 31 percent of UK consumers are using
the internet banking procedure to deal about the financial services with the provider. The
other banks also encourage for adopting the e-banking and e-commerce activities.

Barclay bank provides security and cautiousness of about the account details to the
customer. The survey conducted on the people of UK proved that about of 51 percent adults
access the internet.

• Internet Literacy:

The internet literacy is high considerably in the region of UK as they are familiar with
the details of e-commerce and e-banking though they spend less time in surfing online
suggesting that they know what is going on around the sites. The social trends are not
treated as the drawbacks of the people as the banks need to interact with the customers,
which are not followed by the other banks in UK whereas it is the main thing considered by
the Barclay Company.

Market Size:

Each and every company deals about the development and the providing of new
products or services as there is large enough potential market that provides the viability of
economy in the service and product production. The usage of Barclay bank through the
internet banking is more than that of other banks in terms of percentage is 10% whereas
the other banks are used in less i.e., 2%. The development of internet banking was faster in
the Barclay’s bank considerably than those of other banks. The Barclay bank has realize that
the internet banking provide additional services and capability of transaction using the web
sites only.
 The website survey conducted has shown that the usage of Barclay Bank internet
activities is much than those of other websites. The online websites are useful in many ways
such as application can be filled online to apply for loans, insurance policies, mortgages and
brokerage services. These all extensive features are not provided by the other banks as
they lack in providing the financial products and services, any basic services such as credit
card payments, transfer of funds and viewing of accounts.

The fact that the Barclay bank is bigger than those of others provides the extensible
features in the internet banking. The banking institutions that are present in UK provide the
internet banking much better, customized services and the products that are related to the
bank to satisfy the customer related with the bank. The bank is providing special prices to
the youth and student accounts to attract them towards it and also the family insurances,
premium banking equally to all the customer groups present in the bank representing the
accounts opened in them.

The banks are differentiated due to their reputation as well as its significance is more
for the Barclay bank than that of other banks. The promotional and informational reasons
provided by the Barclay bank are much better than that of the other banks when compared.
The customers of the Barclay bank are provided with better financial and banking services
like online application for the loans etc, but the basic services like account viewing and
electronic payments. The banks are being completely exploited by adopting the banking
models of internet. The banks identified that the survey made on the banks revealed that
the other banks are have not exploited the banking models completely.

As the marketing of the other banks is not that great, to adopt the new innovative
ideas and to be aggressive or risky internet banking model to compete others. Barclay bank
sectors made different connections with the other banks for expanding itself and to accept
the investment and profits that are obtained through the affiliation.

Security Issues:

A rapid movement is bought in the internet growth by the financial institutions to the
industry of electronics. The security and safety that is provided for the information is kept
confidential and the transactions those are sensitive are carried out very securely by using
the World Wide Web. Many security methods are being adopted by the Barclay Bank for the
protection of the passwords, user IDs by the usage of encryption schemes for the
certification of the authorities and digital signatures. The protection methods are applied by
using the encryption schemes of 128-bit.

Apart from the encryption scheme application there are also firewalls that are
advanced by the bank such as RC4 and MC5. The digital signature is considered as
handwritten signature according to the internet world. Barclay bank got legal authorities
from the UK government as it is providing the better and latest security levels. The digital
signatures are considered very much by the users of internet banking to enable the
transaction of e-banking participation legal. The security is provided and concerned a lot by
the Barclay bank. The framework is performed legally without any variation. All kind of the
internet banking sector are protected from exploitation by law in the Barclay bank.
 Customer is very considered about the web site security provided by the bank such
that others could not access their account that is they requires the confidentiality and
security provided to the account settings. Major internet users of banking prefer the Barclay
bank as it provides the necessary things that are required by them. The other banks are
lacking the security providing, simplicity, validity of an account, trustworthiness,
completeness and reliability of the internet banking.

Information technology infrastructure

Several banking sectors are realized that they have already got awareness about the
business to business (B2B) sectors in case of electronic banking. These banking
organizations must set their primary target in order to get the ultimate productivity and
profitability. The main objective of these banking sectors is to achieve maximum
productivity. This can be discussed due to the reason of business to business sectors are
contain huge no of potentials than Business to customer (B2C) revenues. Single company
regarding information technology infrastructure in one country is the base for the
development of business to business electronic banking and electronic commerce generally.

The potentials for business to business electronic banking are specifically avoided in
United Kingdom. Especially different kinds of numerous businesses are introduced into the
e-commerce sections of the business to business sectors. National statistics has completed
a survey regarding these business sectors. In the reports of survey 92% of UK business
organizations use home computers which can be refer to personnel computers. They will
also use various workstations and terminals.

63% of UK organizations have efficient access towards the internet access that is
ranging from 94% of large business organizations. These kind of large organizations will
contain over 1000 employees. These organizations have huge access of internet when
compared to other organizations with 29 to 30 employees. 59% of small organizations are
present in the results of survey conducted by national statistics. But various British
companies are acquired the various kinds of information systems that support various e-
commerce activities.

Here the infrastructure of information systems is very much required by the business
to business organizations. In addition to this several government activities are acquired in
order to support the electronic commerce activities. Initially the activities are done through
the ADCL cable modem in order to improve and boost up the performance of British
companies in the e-banking and e-commerce industry.
 Generally, the business activities of e-commerce organizations in UK will contain the
business tradition and technological standards in order to exploit the chances in e-
commerce business applications. 80% of sales in the survey results business to business
applications. By considering the above points, Berkley bank in UK will more concentrate on
the abilities of electronic banking. For example Barkley bank in UK has terminated totally
171 branches and turned into the significant information resources for the development
through the huge internet access.

In UK business to business applications of e-commerce are in various stages of

development. Initially the first level belongs to the Barkley bank in UK. Hence most of the
information systems and infrastructure of information systems are required in order to
support the electronic commerce activities. Not only the information systems but also the
information technology resources are very much required. Here the business tradition plays
a vital role in efficient internet banking. Many of the banks like Barkley bank will not have
enterprise applications. These enterprise applications are very much used to link to their
sales, departments and production of corresponding banks in United Kingdom. Without the
information systems it is impossible to implement the new e-commerce activities in the
business to business sectors.

Telecommunications and infrastructure of internet:

Internet penetration:

The concept of internet penetration is an important for the internet banking

improvement in a country. This can able to determine the possible no of consumers to the
banking sectors. In each and every country there is a provider called National internet
service provider which is very much used to differentiate the concept called internet
penetration between two countries.

Internet cost:

The cost of accessing the internet can affect the various business practices of
internet banking. Among all markets in the world, United Kingdom is the cheapest market in
the concepts of internet access. This is the main advantage for internet banking in united
bank.
 Fig: internet rates in different countries

Internet bandwidth:

Internet bandwidth can be considered as a significant approach in European

countries. Especially in developed countries such as United Kingdom the e-commerce
applications are improved a lot. These countries were developing very advanced information
systems and provide many services such as broadband internet connections. These
information systems allow the connections which are permanent connections. So this
connection could be with the web server and the speed would be the faster one tan the
normal dial up connections.

In Barkley Bank, the stages in telecommunications are not in the similar manner.
Actually most users will get the access through the internet using some dial-up connections.
Here the broadband connections are used for effective telecommunications. The Barkley ban
k in UK announced that the broadband connections will be implemented in future. The
above situation is described by considering the various kinds of telecommunications in order
to explain efficient telecommunication in the Barkley bank. Barkley bank
telecommunications uses various advanced technologies in order to improve the bank
performance and to develop the information systems infrastructure.
Government support and initiatives:

There are various researches that are highlighted and recognized the role of the
government in case of trading development and internet banking. Various results are
produced based on the telecommunications in the Barkley bank. The government of British
has announced that the United Kingdom is the country which is strong in telecommunication
processes. This is due to the benefits that are obtained by the UK government. The pure e-
commerce strategy aims to the huge internet access in the corresponding bank.

In terms of government legislation, the e-communication is an act which is then

provided by the British government. Even though the Barkley bank had supported the
telecommunications, these communications will be introduced for further recommendations.
 Conclusion

From the above discussion of internet banking, there are various factors that are
involved in various telecommunications in Barkley bank of United Kingdom. The society of
Barkley bank will provide various advanced technologies which are very much helpful for
telecommunication process in order to develop the telecommunication.

Here the Barkley bank will provide various services with excellent quality. The
services include various products and internet accessing to the customers in order to
maintain the development of Barkley bank constantly.
Limitations of Study:

The sample banks are investigated and are used to represent each and every
banking sector. The realistic and valid generalizations are considered during the verification.
The bank that is wider in sample may include banks in other regions also, generating
findings additionally by performing the web survey.

Internet banking is growing rapidly and is modifying the industry that is related to
banking sector collecting the information related to it to update if possible. As the bank
branches are not aware of the development of internet banking models which are updated
or modified. The result is affected when personal inexperience is combined with the
research and internet banking, includes the services of cross-selling and pricing policy. The
website evaluation features are being implemented a lot into the framework. Internet
banking through the bank websites is mostly restricted as in the survey conducted
assessment availability through the internet is not much available.

Further Research:

As the internet banking is growing rapidly throughout the world considerably the
banking industry making it t grow continuously and add up researches further into it for the
updating the model. The updating can be performed by taking reviews from the customers
and by the questionnaires, interviews conducted by the head or manager of the different
branches of a bank. The research can be useful further as following some rules such as
exploring the technical elements as web security, transactions performed through online
and the system of payment. Questionnaires conducted by basing on the review of customer,
the problems rose to be solved. The long term of a bank is to be exploded by the usage of
internet banking model.