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:
“The war was won on both sides: by the Vietnamese on the ground, by the Americans in the electronic mental space. And if the one side won an ideological and political victory, the other made Apocalypse Now and that has gone right around the world.”
—Jean Baudrillard (b. 1929)
“The wise man regulates his conduct by the theories both of religion and science. But he regards these theories not as statements of ultimate fact but as art-forms.”
—J.B.S. (John Burdon Sanderson)