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Privacy and Security, Limited Functionality, Payment Processing, Data Entry Consistency
Liabilities are financial obligations or debts that an entity owes to another party. They represent claims against an entity's assets and can arise from various sour ... See More
Answer. In online banking, the ability to view or edit payee information such as address or phone number might be limited due to security and privacy reasons. Banks typic ... See More
There are two main types of Liabilites: Current Liabilites: Due with in 12 Months Long Term Liabilites: Due after 12 Months
Confidenciality reasons
Because its a confidenial data of a client, & banker has no right to see it.
Due to the restricition set by Privacy Policy and Confidentilaity issues for the security of Payee's and to prevent the fraud on online banking.
Risk mitigation against unauthorised transactions and fraud as well as mainatining acurate records
Current Liabilities: These are obligations requiring settlement within a short period, typically less than a year. eg accounts payable, short-term loans, accrued expens ... See More
Current or short term liabilities are obligations which are payble within 12 months. Non - current or longterm liabilities are obligations payable after 12months. Conting ... See More