Electronic Statements
With the introduction of online banking, bank statements (also known as electronic statements or e-statements) can be viewed online. Due to identity theft concerns, a electronic statement may not be seen as a dangerous alternative against physical theft as it does not contain tangible personal information, and does not require extra safety measures of disposal such as shredding. However, a electronic statement can be easier to obtain than a physical through computer fraud, data interception and/or theft of storage media.
From the bank's point of view, the switch to electronic statements is a way for a bank to reduce their operating, printing and postage costs.
Read more about this topic: Bank Statement
Famous quotes containing the words electronic and/or statements:
“Sometimes, because of its immediacy, television produces a kind of electronic parable. Berlin, for instance, on the day the Wall was opened. Rostropovich was playing his cello by the Wall that no longer cast a shadow, and a million East Berliners were thronging to the West to shop with an allowance given them by West German banks! At that moment the whole world saw how materialism had lost its awesome historic power and become a shopping list.”
—John Berger (b. 1926)
“He admired the terrible recreative power of his memory. It was only with the weakening of this generator whose fecundity diminishes with age that he could hope for his torture to be appeased. But it appeared that the power to make him suffer of one of Odette’s statements seemed exhausted, then one of these statements on which Swann’s spirit had until then not dwelled, an almost new word relayed the others and struck him with new vigor.”
—Marcel Proust (1871–1922)