The Internet is gaining popularity as a delivery channel in the banking sec
tor. At the same time, customer needs are changing. A total of 12 Internet
banking operations in the UK are analysed under customer empowerment functi
ons and Internet banking Web attributes. Internet banking renders location
and time irrelevant, and empowers customers with greater control of their a
ccounts. Banks achieve cost and efficiency gains in a large number of opera
tional areas.