Computer networks revolutionized the financial industry, enabling efficient and secure digital transactions, improving processing speed, and reducing operational costs. In today’s fast-paced financial landscape, computer networks power a vast array of transactional processes, from online banking to high-frequency trading. Let’s delve into the various use cases of computer networks in financial transactions.

1. Online Banking and Mobile Payments:

Computer networks support digital payments, enabling customers to conduct online banking transactions, mobile payments, and peer-to-peer payments. These networks deliver a seamless payment experience while ensuring the security and privacy of customer data.

2. ATM Transaction Processing:

Computer networks facilitate ATM transactions, enabling customers to withdraw or deposit money, transfer funds, and check account balances. Networks provide connectivity between ATM machines and the banking system, ensuring secure and timely transactions.

3. Electronic Fund Transfers (EFT):

Electronic fund transfers powered by computer networks allow for quick and efficient transfers of funds across institutions, …