electronic banking presentation
DESCRIPTION
Information system presentation about Electronic banking.TRANSCRIPT
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Electronic Banking
Kandel Chhabi lalBasnet Gajendra Robert SovíkFriedrich Kleist
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Contents • What is E-Banking • Two approaches E-Banking • E- banking devices • Benefit of E-Banking • Drawback of E-Banking• Wireless banking • Security features • Simple safety measures• Conclusion • References
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What is E-Banking?
• Electronic banking is defined as: the automated delivery of new and
traditional banking products and services directly to customers through electronic, interactive communication channels.
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Two approaches E-banking
1 Dial-in Approach: Requires users to have a separate
finance software, so that they can do all the process offline and connect to the bank just for transactions.
2 Internet Approach:Users directly log on to their
bank website and complete all their work online.
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E- Banking devices
• Personal computers (PCs),• Personal digital assistants (PDAs), • Automated teller machines (ATMs), Kiosks, • Touch tone telephones, • Cellular and smart phones
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Benefit of E-Banking
• Anytime banking ,and anywhere banking • Online Banking is much cheaper for the bank. A survey
says that Online Banking costs only 10% of branch services
• Reduction in cost of transaction • Pay bills online there by saving postal services.• Easy to make utility payment• Online purchases • The services are available seven days a week, 24 hours
a day.
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Drawback of E-banking
• Difficult in adoption technology• Fear of technology • High cost of technology • Lack of preparedness• Restriction on usage of technology
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Wireless banking • Wireless banking is gaining popularity.• With a phone number and a special PIN number a
customer has access to his account balance from his cellular device.
• Allows user to pay bills, transfer funds between accounts and check accounts from anywhere.
• Banks like Česká spořitelna, M-bank, CSOB bank offers wireless banking in Czech Republic.
• Security is an important issue in Wireless Banking.• Newsbytes reports that wireless banking users will
number over 50 million in the US by 2012 and in Europe almost 70 million.
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Wireless banking
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Security features • Security is a primary concern in internet banking
• SSL (Secure Sockets Layer) protocol is used to ensure data security between customer’s browser and web server.
• SSL provides data encryption, data integrity and server authentication.
• 512 bit data encryption.• Customer database is protected by double
firewalls.
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Security features
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Simple safety measures
• Change Your password periodically.
• Review your bank accounts frequently.
• Try to use low limit credit card for internet transactions
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Conclusion
• The strategy of bank is to provide value added services and products to the customers, Utilizing the internet extensively.
• The main aim of e-banking is to making transactions through online poses and make costumer more benefical.
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References
• http://www.unicreditbank.cz/en/individuals/direct-banking/online-banking.html
• http://www.bai.org/bankingstrategies/2000-july-aug/index.html
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Thank you for you attention.