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Electronic banking (e-banking) diffusion continues to expand worldwide. Internet banking offers mutually beneficial services that save cost and time, offer prompt, real-time service and an increasing set of features (Tomiuk & Pinsonneault, 2001). The dramatic growth for Internet banking services corresponds with a growth in disposable income in developing countries and the ascent is striking in regions historically considered as having a cash culture.
Internet banking growth is driven by an increased need for more flexible and convenient financial services. A system like Internet banking may be evaluated in terms of information, system, and service quality using the Information Systems (IS) success model (DeLone & McLean, 2003). Internet banking usage is distinct from general IS applications because Internet banking offers valued-added services which deliver sensitive information. Security and privacy are important dimensions of Internet banking success that are necessary to examine along with quality characteristics. Management that is able to leverage insights gained from the burgeoning field of Internet banking, such as an understanding of inhibitors and accelerants, are likely to seize first-mover advantage benefits.
Banks fulfill customers’ needs by providing satisfactory, acceptable, and reliable services. Overall satisfaction is an essential condition for the success of organizations through cultivating a long-term, mutually beneficial relationship which leads to customer loyalty. Banks consider customer loyalty a necessary condition of profitability. Establishing a mutually beneficial relationship with banking customers typically comes at a relatively high cost, but retaining these relationships generates profit over time (Aldas-Manzano, Ruiz-Mafe, Sanz-Blas, & Lassala-Navarre, 2011; Molla & Licker, 2001). Few studies have extensively examined the relationships among factors which influence Internet banking success, like consumers’ loyalty (Aldas-Manzano et al., 2011), security, privacy, and trust (Yousafzai, Pallister, & Foxall, 2003).
Previous research has explored several factors associated with IS success in the e-commerce area, such as system quality, information quality, service quality, consumer satisfaction, use, and net benefits (DeLone & McLean, 1992, 2003, 2004; Molla & Licker, 2001). E-commerce success is also strongly related to trust (Corbitt, Thanasankit, & Yi, 2003; Koufaris & Hampton-Sosa, 2004), security and privacy (Gibbs, Kraemer & Dedrick, 2003; Chan & Lu, 2004), uncertainty and information infringement (McKnight, Choudhury, & Kacmar, 2002b), commitment (Casalo et al., 2007), and loyalty (Aldas-Manzano et al., 2011). These factors are all elements of successful online commerce (McKnight et al., 2002b) and e-banking (Suh & Han, 2002; Centeno, 2004; Flavian, Guinaliu, & Torres, 2005).
Not all individuals are eager to utilize e-banking services. A significant number of people with bank accounts that actively access the Internet may still prefer the use of non-Internet banking services like Automatic Teller Machines (ATMs) (Shih & Fang, 2006). The primary reasons that individuals resist using e-banking include a lack of trust (Pikkarainen et al., 2004; Mukherjee & Nath, 2003) as well as uncertainty, security, and privacy concerns (Tan & Teo, 2000; Shih & Fang, 2006; Casalo et al., 2007; Aldas-Manzano et al., 2011). A comparison of Internet banking influences among multiple countries does not exist.