What term describes electronic banking systems that allow financial transactions via the Internet?

The term that describes electronic banking systems allowing financial transactions via the Internet is online banking. This involves customers accessing their bank accounts through a bank’s website or mobile app to manage their finances, pay bills, transfer money, and conduct various banking activities without the need for physical bank visits. Online banking has revolutionized how individuals and businesses handle their financial transactions, offering convenience, speed, and accessibility around the clock.

While telebanking refers to conducting banking transactions over the phone, and digital banking encompasses a broader range of online and mobile banking solutions, the specific nature of the question indicates that online banking is the most directly applicable term to describe Internet-based financial transactions. E-banking is a general term that can include all forms of electronic banking, including both online and mobile banking, but it does not specifically highlight Internet transactions as clearly as online banking does.