Project On E-Banking

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NAGINDAS KHANDWALA COLLEGEOF COMMERCE & ARTS

PROJECT ON: E-Banking SUBMITTED BY: Forum M.Pandya S.Y.B.COM. (BANKING & INSURANCE) SEMESTER: IV DATE OF SUBMISSION: March 2006 PROJECT GUIDE PROF: SUVASINI RAI
ACKNOWLEDGEMENT
I feel deeply in debted towards people who have guided me in this project. It would have not have been possible to make such an extensive report without the help, guidance and inputs from them. Most of my information source has been from professional books of banking sector Project Guide-
Prof: SUVASINI RAI I would firstly like to express my gratitude towards my guide PROF: SUVASINI RAI for having shown so much of flexibility & guiding in such a way that I was really learning the subject all the time. She helped me in deciding the project topic. She showed a lot of openness in her approach and I would like to thank her for her support in a way that has lead to proper & effective learning. Secondly I would like to thank Mr. Sumi Alappat the senior officer of ICICI Bank Ltd. For spending his precious time for my project and giving me ample of good ideas about the project. Last but not least I am grateful to all my family members & my friends for being my side always. Without their help and Motivation it would have been impossible to complete my project.
Findings
Primary Data
Various people that included office staff help to collect the primary data on the basis of interviews, thoughts & suggestion
.
Secondary Data
The Main sources of Secondary data were combination of information from the internet, periodicals and books of the related topic.
Hypothesis
To understand about how e-banking activity is carried out and how it is easy to use.
Limitations
Lack of information pertaining to the various angles of the report. The topic is too vast to be covered in this project. These were main problems encountered by myself.
Table of Content
Executive Summary Introduction Types of E-Banking Features Internet Banking Internet Banking in INDIA Features of Internet Banking Advantages & disadvantages Mobile banking Customer requirements for Mobile Banking applications Characteristics of Mobile Banking Mobile Banking use cases Mobile banking :No wires, No worries, New customers Dangers of E-Banking Securities of E-Banking Conclusion Bibliography
Executive Summary
E-banking- The execution of financial services via internet, reducing cost and increase in convenience for the customer to access the transaction. e- banking is an umbrella term for the process by which a customer may perform banking transactions electronically without visiting a brick-and-mortar institution. The following terms all refer to one form or another of electronic banking: personal computer (PC) banking, Internet banking, virtual banking, online banking, home banking, remote electronic banking, and phone banking. PC banking and Internet or online banking are the most frequently used designations. It should be noted, however, that the terms used to describe the various types of electronicbanking are often used interchangeably. The ever increasing speed of internet enabled phones & personal assistant, made the transformation of banking application to mobile devices, this creative a new subset of electronic banking i.e. mobile banking. In 1999 & 2000 mobile banking as an established channels, still seems to be a distant prospect. The internet is revolutionizing the way the financial industry conducts business online, has created new players who offer personalize services through the web portals. This increase to find new ways and increase customer loyalty to add the value to this product and services. Banks also enables customers lifestyle needs by changing and increasing preference for speed and convenience are eroding the traditional affinity between customer and branch offices as a new technology disinter mediates traditional channels, delivering the

value proposition hinges on owing or earning the customer interface and bringing the customer a complete solution which satisfies their needs. Smart card is a new trend which provides the opportunity to build an incremental revenue stream by providing an ideal platform for extended application and services. Banks are well positioned to play central role unit in future M-commerce market. Banks have strong relationships with corporate and business customers and a wide experience in providing them with corporate banking services. Bank provides a multimedia of small and large retailers with acquiring functionality in credit card transactions. Customers have trusted relationships with banks and a lower propensity to switch banking providers.
INTRODUCTION
Traditional banks offer many services to their customers, including accepting customer money deposits, providing various banking services to customers, and making loans to individuals and companies. Compared with traditional channels of offering banking services through physical branches, e-banking uses the Internet to deliver traditional banking services to their customers, such as opening accounts, transferring funds, and electronic bill payment. E-banking can be offered in two main ways. First, an existing bank with physical offices can also establish an online site and offer ebanking services to its customers in addition to the regular channel. For example, Citibank is a leader in e-banking, offering walk-in, faceto-face banking at its branches throughout many parts of the world as well as e-banking services through the World Wide Web. Citibank customers can access their bank accounts through the Internet, and in addition to the core e-banking services such as account balance inquiry, funds transfer, and electronic bill payment, Citibank also provides premium services including financial calculators, online stock quotes, brokerage services, and insurance. E-banking from banks like Citibank complements those banks' physical presence. Generally, e-banking is provided without extra cost to customers. Customers are attracted by the convenience of ebanking through the Internet, and in turn, banks can operate more efficiently when customers perform transactions by themselves rather than going to a branch and dealing with a branch representative. E-banking services are delivered to customers through the Internet and the web using Hypertext Markup Language (HTML). In order to use e-banking services, customers need Internet access and web browser software. Multimedia information in HTML format from

online banks can be displayed in web browsers. The heart of the ebanking application is the computer system, which includes web servers, database management systems, and web application programs that can generate dynamic HTML pages. One of the main concerns of e-banking is security. Without great confidence in security, customers are unwilling to use a public network, such as the Internet, to view their financial information online and conduct financial transactions. Some of the security threats include invasion of individuals' privacy and theft of confidential information. Banks with e-banking service offer several methods to ensure a high level of security: (1) identification and authentication, (2) encryption, and (3) firewalls. First, the identification of an online bank takes the form of a known Uniform Resource Locator (URL) or Internet address, while a customer is generally identified by his or her login ID and password to ensure only authenticated customers can access their accounts. Second, messages between customers and online banks are all encrypted so that a hacker cannot view the message even if the message is intercepted over the Internet. The particular encryption standard adopted by most browsers is called Secure Socket Layer (SSL). It is built in the web browser program and users do not have to take any extra steps to set up the program. Third, banks have built firewalls, which are software or hardware barriers between the corporate network and the external Internet, to protect the servers and bank databases from outside intruders. For example, Wells Fargo Bank connected to the Internet only after it had installed a firewall and made sure the firewall was sufficiently impenetrable.
On October 1, 2000, the electronic signatures bill took effect, recognizing documents signed online as legal. Some banks plan to begin usin electronic checks as soon as they can work out various security measures. g The range of e-banking services is likely to increase in the future. Some banks plan to introduce electronic money and electronic checks. Electronic money can be stored in computers or smart cards and consumers can use the electronic money to purchase small value items over the Internet. Electronic checks will look similar to paper checks, but they can be sent from buyers to sellers over the Internet, electronically endorsed by the seller, and forwarded to the seller's bank for electronic collection from the buyer's bank. Further, banks seek to offer their customers more products and services such as insurance, mortgage, etc.
Types of E-Banking
The common assumption is that Internet banking is the only method of on-line banking. However,this is not strictly the case, as several types of service are currently available: PC Banking - The forerunner to Internet banking has been around since the late 1980's and is still widely used today. Individual banks provide software which is loaded on to an SME's office computer. The SME can then access their bank account via a modem and telephone link to the bank. Access is not necessarily via the Internet. Internet Banking - Using a Web browser, a user can access their account, once the bank's application server has validated the user's identity. Digital TV Banking- Using the standard digital reception equipment (set top box and remote control), users can access their bank account. Abbey National and HSBC services are available via Digital TV providers. One of its main selling points is that no account details are transmitted via the World Wide Web; Text Phone Banking - HSBC have introduced this service to allow customers with text phones to check their balance, pay bills and transfer money. Internet banking can be split into two distinct groups:
Traditional banks and building societies use the Internet as an add-on service with which to give businesses access to their accounts. New Internet-only banks have no bricks and mortar presence on the High Street. Therefore, they have lower overheads and can offer higher rates of interest and lower charges.
FEATUERS OF E-BANKING
E-Banking provide exceptional rates on Savings, CDs, and IRAs
Checking with no monthly fee, free bill payment and rebates on ATM surcharges
credit cards with low rates
Easy online applications for all accounts, including personal loans and mortgages
24 hour account access
It provides Quality customer service with personal
attention
It provides the quick services to their customers.
Enables transfer of funds from one place to another(banks).

Exchange of statisticals information amongs banks. Enables foreign exchange operations. Inter-bank applications like settlement of funds between banks. Provides facilities like demat operation,ATM operation,online banking.
Internet Banking
Internet banking, sometimes called online banking, is an outgrowth of PC banking. Internet banking uses the Internet as the delivery channel by which to conduct banking activity, for example, transferring funds, paying bills, viewing checking and savings account balances, paying mortgages, and purchasing financial instruments and certificates of deposit. An Internet banking customer accesses his or her accounts from a browser software that runs Internet banking programs resident on the banks World Wide Web server, not on the users PC. NetBanker defines a true Internet bank as one that provides account balances and some transactional capabilities to retail customers over the World Wide Web. Internet banks are also known as virtual, cyber, net, interactive, or web banks. This is basically the banking industry's attempt to jump on the "ebusiness" band wagon. E-banking is a term that attempts to broadly describe today's alternate delivery channels. Different banks - and vendors - will describe this differently. Rather than spending too much time on the term, I'd suggest you open a dialogue with your customers about the types of services they are interested in, and begin to prioritize your investment in these new services. Ideas would include image delivery via Internet, Internet Commercial cash management, and on-line bill pay.
MAIN CONCERNS IN INTERNET BANKING


In a survey conducted by the Online Banking Association, member institutions rated security as the most important issue of online banking. There is a dual requirement to protect customers' privacy and protect against fraud. Banking Securely: Online Banking via the World Wide Web provides an overview of Internet commerce and how one company handles secure banking for its financial institution clients and their customers. Some basic information on the transmission of confidential data is presented in Security and Encryption on the Web. PC Magazine Online also offers a primer: How Encryption Works. A multi-layered security architecture comprising firewalls, filtering routers, encryption and digital certification ensures that your account information is protected from unauthorized access.
Internet Banking in India

The Internet banking is changing the banking industry and is having the major effects on banking relationships. Even the Morgan Stanley Dean Witter Internet research emphasized that Web is more important for retail financial services than for many other industries. Internet banking involves use of Internet for delivery of banking products & services. It falls into four main categories, from Level 1 - minimum functionality sites that offer only access to deposit account data - to Level 4 sites - highly sophisticated offerings enabling integrated sales of additional products and access to other financial servicessuch as investment and insurance. DRIVERS OF CHANGE Advantages previously held by large financial institutions have shrunk considerably. The Internet has leveled the playing field and afforded open access to customers in the global marketplace. Internet banking is a cost-effective delivery channel for financial institutions. Consumers are embracing the many benefits of Internet banking. Access to one's accounts at anytime and from any location via the World Wide Web is a convenience unknown a short time ago. The six primary drivers of Internet banking includes, in order of primacy are: Improve customer access Facilitate the offering of more services Increase customer loyalty Attract new customers Provide services offered by competitors

Reduce customer attrition
The banking industry in India is facing unprecedented competition from non-traditional banking institutions, which now offer banking and financial services over the Internet. The deregulation of the banking industry coupled with the emergence of new technologies, are enabling new competitors to enter the financial services market quickly and efficiently.
Features of Internet banking

The features available from an on-line bank account are similar to those which are available via 'phone banking or visiting the local branch. On-line banking features do differ between the banks, but usually include: Transfer of funds between accounts;

It brings efficiency in CRM(Customer relationship management) Make Payment of bills Introduces new & innovative products &services. View balance and statements; Brings door to door services. Create, view and maintain Standing Orders Have evolutionary trend at a globle scenario. Customer can View Direct Debits.
Advantages of Internet Banking

Refers to conducting banking transactions through internet. they are, Opening & closing of accountes Make the payments of merchandise transaction through Debit & Credit cards. It gives reliefs to their customer from carrying heavy cash. Enables prompt & speedy operation to clients. It saves lot of time to their customers &convenient to access.
Disadvantages of Internet Banking

Customer may have to face risky transaction & fraud. Failure of power supply cause to break down of system. Loss of heavy income at times of settlement of higher magnitude. Cost involved in trainning staff may not be profitable specially in times of attrition. Development of an attitude of lethargy.
Questionneirs
1. What is CITI Bank E-Banking? Why should customers apply for the same? Citi Bank E-Banking keeps the customers informed about the significant transactions in their bank, credit card and demat accounts promptly such as: Bank Alerts - Salary credit, debit / credit of large amounts as specified by them and cheque bounce Credit Card Alerts - Approaching credit limit and Due date of payment of credit card bill. Demat Alerts - Shares debited and credited in their account etc. Citi Bank E-Banking facility keeps them updated while they requires. 2. What are CITI Bank E-Banking Alerts? CITI Bank E-Banking Alerts is a facility through which they can receive latest information about their bank, credit card and demat accounts. Alerts are sent to their mobile phone number as registered by them with the Bank
3. Can customers avail of the CITI Bank E-Banking facility? All CITI Bank customers having Savings Bank Account, Credit Card (not being an Add on Card) and Demat Account can avail of this facility. As and when Alerts are introduced for other CITI Bank products, we shall intimate you through our website, www.citibank.com/pfsuser/channels/ebanking/e-banking.htm
4. What are the alerts that customers subscribe for? Currently, we are providing the following alerts based on their with us: A. Banking Alerts Credit to your Bank Account of any amount of Rs.5000/- or above as specified by you. Debit to your Bank Account of any amount of Rs.5000/or above as specified by you. Salary Credit to the Bank Account *. Cheque deposited in your Bank Account but bounced. Account Balance above a specified amount. Account Balance below a specified amount. This will be subject to the appearance of the word 'salary' in the narration of salary credit.
6 .How can customers subscribe to CITI Bank E-Banking? Customers can subscribe to CITI Bank E-Banking by any one of the following means:
Login to http://www.citibank.com/ and go to banking section for banking alerts and credit card section for credit card alerts. Call up our 24 hour Customer Care Centre and request for subscription for bank alerts and credit card alerts. Our Customer Care Centre representatives will take
you through the identification process and subscribe you to CITI Bank E-Banking.
14. What should customers do if they have further queries on this facility? For any further queries on CITI Bank alert facility, you may call our 24 hour Customer Care Centre or write to the Account Manager for clarification of the same. To write to the Account Manager, Login to http://www.citibank.com/, go to the banking section for the option "Write to Account Manager". You may also write to Account Manager a customer.care@citibank.com
Mobile Mobile banking use cases

A mobile user has to be seen from his context when using the application. Needs and expectations are not generic, but bound to this context. As a typical mobile banking user, we consider someone who already is an electronic banking user shows significant affinity to technology and often finds himself in situations where he can not (or does not want to) rely an infrastructure necessary for electronic banking. In the following, we introduce four use cases. These have been developed in the course of two group discussions; each group consisted of mobile banking users and mobile commerce experts. The groups focused on identifying real-life situations in which the use of mobile banking provides an informational added value. The resulting situations have been aggregated to the use cases The use cases are not exhaustive, but representative: Each case stands for a series of cases, which are similar in the depth of the desired information and/or the conditions of the usage. For each use case we identify the most important, concrete need that the user has in this particular situation.
Use case 1: Request of account balance. The user is in a mobile situation (e.g. in a department store) and intends to know his account balance, e.g. to
verify his account before realizing a spontaneous purchase. Resulting need: Quick obtainment of account balance. Use case 2: Control of account movements. The user is waiting for an important cash receipt on his account. He intends to have the exact details of the cash receipt. Resulting need: Continuous control over movements on the account. Use case 3: Instant payment. The user is in a mobile situation and intends to make a payment by bank transfer from his account. Resulting need: Instant execution of a bank transfer. Use case 4: Administration of the account. The user intends to use spare time (e.g. using a train or waiting on the airport) to administrate his account. Resulting need: Quick and easy-to-use execution of transactions and administration is possible. business models and new ways to interact with customers. The ability to perform banking transactions online has created new players in the financial industry, such as online banks and brokers who offer personalized services through their Web portals. This increased competition is driving traditional financial institutions to find new ways to add the value to their products and services, gain competitive advantage and increase customer loyalty while also attracting new, high-value clients. Mobile and wireless technology, combined with the wide variety of portable devices available today, enables
new revenue opportunities for financial services organizations. This provides a new channel that can be used to refresh and expand the customer base, attract prime customers and enhance loyalty. With mobile and wireless technology, banks can offer a wide possibilities of services to their customers, from the freedom of paying bills while stuck in traffic, to receiving notification of a change in stock price while having lunch, the convenience and time saving benefits of wireless financial services are huge. The challenge, then, is how to turn these possibilities into a reality for the customers.
Benefits Description
Developing wireless applications and Grow new services targeted at the mobile mass customer market will allow attracting new, highbase and value customers into mobile banking markets portal and expanding the reach to global markets.
Increase share The convenience of having of customer personalized wireless access to wallet critical financial information is an invaluable service for customers on the move. Enabling the execution of time-sensitive financial transactions anywhere, anytime, provides the opportunity to strengthen the relationships with
existing customers. This ultimately results in an increased share of the customers' transactions--preventing them from taking a portion of their financial business elsewhere.
Granting customers flexible access to financial information and Grow assets, accounts enables them to perform number of transactions when it's most transactions convenient for them. As a result, and fees they have the opportunity to conduct transactions more frequently, driving increased revenue from fees. Brand and reputation for convenience, service and innovation will be strengthened and enhanced each time customers on Expand and the move stop to check their stock enhance brand portfolio or to pay bills wirelessly. presence This also offers significant potential to grow the market awareness through word-of-mouth.
General conditions of mobile banking

Electronic banking is one of the most successful business- to-consumer applications in electronic commerce (EC). Banks greatly support this not only because they could meet their customers need for convenience but also because of the enormous economic impacts in replacing a high-cost channel (bank clerks) through a low-cost channel (a central web server) for simple transactions, with the additional benefit of eliminating the necessity for a media conversion. Since users considered their mobile phone as a personal trusted device making it to an integral part of their lives and more and more of these devices became Internet- enabled, the regular conclusion was the transformation of banking applications to mobile devices as the next step of electronic banking development. For mobile banking, the advantages even go much further than for electronic banking: The high penetration of mobile phones reaches all social levels; mobile applications disband the limitations of electronic banking as they allow for a use anytime-anywhere and the subjective and objective security of the device is higher than that of a personal computer. Despite all of this, more than four years after the start of the first mobile banking applications customers simply do not use them and utilization figures stay very far behind all expectations (e.g. [1]). Mobile banking as an established channel still seems to be a distant prospect.
The reasons for this great disappointment are to be analyzed. Doing so in the following sections, we do not intend to start with current applications (which could mean biased) but from scratch, with an analysis of the customer requirements to such applications.
Customer requirements for mobile banking applications

Set of customer requirements Technical requirements
Usage is possible with both kinds of devices Adaptation to device Usage regardless of network operator Small amount of transmitted data
Usability requirements
Possibility to work offline Simple data input method Resumption of usage at the same point One-Click-Request
Design requirements
Possibility to personalize the application Possibility to scale the application Announcement of events Wide range of functionality
Security requirements
Encrypted data transmission Authorization of access Simple Authorization

General considerations
A mobile banking application is, first of all, a mobile application. To conceptualize a mobile application, additional informational added values have to be targeted, using mobile added values [14]. In other words, it is far from sufficiency to just porting an existing Internet application on a mobile device. Mobile applications have to be specifically made-to-measure on the one hand side to the needs and expectations of the mobile user and on the other hand side to the specific restrictions of mobile communication techniques and mobile devices. In order to derive a set of requirements to mobile banking applications we pursue two steps: Firstly we identify general characteristics of the mobile use which are relevant. Secondly we closely watch the user and his context when wanting to use mobile banking.
Characteristics of the mobile use

The use of mobile applications underlies several specific restrictions. We consider five characteristics of the mobile use to be particularly relevant as they greatly influence the design of mobile banking applications and the suitability of certain technical solutions. A mobile application is used via a mobile device. For these devices (currently either a mobile phone or a PDA), special limitations are valid .For the mobile banking context, above all, these are the limited input and display capabilities. The connection is provided by a mobile network operator (MNO). This is especially important if applications need to access certain parts of the
infrastructure which are under control of the MNO (e.g. the SIM card). In the case of negotiations, these have to be pursued with all MNO on the designated market. The use of mobile data transmission is expensive. In the case of circuit-switched data transmission. (E.g. GSMCSD or HSCSD) this extends to the connection time, in the case of packet-switched data transmission (e.g.GPRS) this extends to the transferred data volume. Sensitive data is transmitted. This implicates the use of adequate security measures. A disruption of the usage is possible at any time. This is principally already true for electronic banking as well (the connection may e.g. be disrupted by a breakdown of the transmission or of the operating system of the client Computer) and provides a special necessity to avoid incomplete transactions. For mobile banking, it is extremely more probable as a mobile usage causes a continuous change of conditions, e.g. through geographical influences or cell-handover. Thus, it is also important for the usability of a service: It is not acceptable for a user if he almost completed a transaction and his train enters a tunnel that he has to wait until the end of the tunnel and restart his transaction from the beginning (hoping the next tunnel is far away enough). It is important that the named restrictions have to be considered as early as possible, which means in the phase of conceptualization.
Mobile Banking: No wires, No worries, New Customers

Mobile communication devices are revolutionizing banking transactions over wireless network and the Internet. To attract and retain customers, bank need to exchange their full range of services across a wide range of Mobile, wireless devices without having an impact on their current infrastructure and the delivery channels it currently supports. Wireless Networks, Mobile Gateways, Wireless Application Protocol (WAP) & Wireless Markup Language (WML) all play an important role in bringing mobile banking strategy to the market. In addition to established traditional channels, including branch banking and ATM banking, most major banks in today market now offers e-banking as an extension to their existing array of services & conveniences of wired consumers & businesses, the next phase in the revolution is wireless-mobile-banking that is available anytime anywhere from always-on mobile devices like mobile phones and personal digital assistant (PDA). With the proliferation & cost effectiveness of mobile delivery channel, banks have a built-in delivery mechanism that can offer services & 247 access regardless of where the customer happens to be. Unlike PC-Based e-banking, mbanking provides banks with the unprecedented opportunity to reach their customers in an unrestricted environment. The big benefits for banks? Higher customer satisfaction & loyalty, no transaction-based fee revenue,
lower cost of ownership and relationship management channel.
integrated
customer
Mobile banking applications

Examined applications In the following, the main types of existing mobile banking applications are introduced. These build standard types as each of them is representative for a series of comparable applications. While WAP-banking and mobile banking via PDA are generic, SMS-banking and mobile banking with SIM Toolkit use specialties of the GSM standard.
WAP-banking The most widespread solution for mobile banking is based on micro-websites following the WAP standard (Wireless Application Protocol). The function of WAP banking is in many ways similar to the function of Electronic banking using http. The client sends a request and gets a response with page content which is stored on or dynamically generated by a standard web server. The main difference is in the usage of a WAP gateway for the conversion of the protocols. At banks must be considered that very sensitive data is processed. While a normal content provider doesnt has to observe special security precautions, and in some cases can even use the services of extern providers, has to secure its web server and WAP Gateway especially against unauthorized access. This is especially necessary because of the fact that inside the WAP Gateway the encryption protocol is converted from SSL/TLS to WTLS with the effect that data is not encrypted while it is processed. While authentication is assured via a
PIN (personal identification number) of the user, authorization for transactions is realized via transaction numbers (TAN). This concept, known from the electronic banking, forces the user to carry a TAN list with him in order to make transactions.
SMS-banking The Short Message Service (SMS) is a GSM service to exchange text messages up to 140 byte (or 160 characters of 7 bit). The transmission of mobile-originated short messages is carried out by the short message service center (SMSC) of the particular network operator. The SMSC is receiving the message from the mobile device and routing it to the destination device. For generating mobileterminated short messages, it is possible that a company or a special service provider runs an own SMSC. Thus, a bank could generate SMS from bank data like account balance or account movements and send it to the mobile device of the customer. This technique is used at SMS-banking: The customer sends an SMS with a request to the bank, and gets the desired data as an answer. The customer has to include a PIN for authorization in every SMS he sends to his bank. Alike the WAP banking, one should pay special attention on the security of the location of the SMSC. The operation of SMSC is offered as a service by many service providers. The usage of such a service is out of question for banks, because of the high sensitive character of the transmitted data. For this reason it is mandatory for banks to run their own SMS-Gateway and secure it from unauthorized access. The main problem with this kind of transmission is the missing encryption of the data during the on-the air transmission between the service center and the mobile phone. An encryption of pure text-SMS is not possible (unless an application on the mobile device would be able to decrypt the information). So the data is transmitted unencrypted. Because of this missing encryption, banks
Bibliography 1. E-banking: the global perspective Gupta Vivek 2. E-Commerce in Indian banking Bhasin 3. Banking and Finance C.M.Chaudhary 4. Banking in The New Millennium Rajshekhar N.
webiblography 1. www.google.com 2. www.citibank.com
Application for Internet Banking, Phone Banking and Mobile Banking (All fields with * are mandatory to be filled.) Name of the ___________________ _____________________ First Name * Name * applicant: Mr. /Ms. /Mrs.
Surname * _______________ Middle
Mailing Address *_______________________________________________ ________________________________________________ _________________ City *: ____________________ Pin Code: Email Address *: ____________________ @_______________ Phone No. Mobile No. : ________________________ Mother's Maiden Name *: Date of birth *: _______/ _______/ ______ dd mm yy I) In case of joint accounts, the applicant is required to obtain the attached mandate from the joint account holder(s). II) ICICI Bank accountholders can access their bank accounts through ICICI Bank Internet Banking only where
the mode of operation of ICICI Bank account is Single/Either or Survivor/Anyone or Survivor. Please tick one of the following: Application for Internet Banking, Phone Banking and Mobile Banking (All fields with * are mandatory to be filled.) Name of the ___________________ _____________________ First Name * Name * applicant: Mr. /Ms. /Mrs.
Surname * _______________ Middle
Mailing Address *_______________________________________________ ________________________________________________ _________________ City *: ____________________ Pin Code: Email Address *: ____________________ @_______________ Phone No. Mobile No. : ________________________ Mother's Maiden Name *: Date of birth *: _______/ _______/ ______ dd mm yy I) In case of joint accounts, the applicant is required to obtain the attached mandate from the joint account holder(s).
II) ICICI Bank accountholders can access their bank accounts through ICICI Bank Internet Banking only where the mode of operation of ICICI Bank account is Single/Either or Survivor/Anyone or Survivor. please tick one of the following: :
MOBILE NETWORKS PROVIDE THE FOLLOWING COMPETITIVE ADVANTAGES

1. Always on 24 7 access: Mobile networks will provide the ability for consumers to be transaction- ready , much in the way cable access has facilitated online pc access and reduced consumer dial up delays 3555. 2. Advanced penetration of mobile networks: 2G (second generation) networks already cover more than 90 percent of the population in the western world, and this number is growing steadily. 3. Personalization: Through SIM (Subscriber Identity Module) cards, mobile customers have a specific profile that enables customized functionality that directly reflects the way they want to transact business over mobile devices. Through the convenient addition of a multi-application relationship card, mobile customers will also have a built in platform for a host of other application services, including security keys, virtual credits cards, and other customized payment instruments. 4. Rapid evolution of global protocols such as WAP (wireless application protocol): This enables the communication channel between computers and mobile devices. The WAP component essentially provides the facility for reformatting data for display on wireless handsets.
5.Faster Data Processing Speeds:

Increases in bandwidth and data transmission a speed makes mobile data services efficient and cost effective in a real time environment.
6.Security:
Effectively, the mobile banking transaction can be protected by a private key stored on SIM card and hence mobile phone can become a wireless wallet to protect proprietary and financial information.
MOBILE NETWORKS PROVIDE THE FOLLOWING COMPETITIVE ADVANTAGES

7. Always on 24 7 access: Mobile networks will provide the ability for consumers to be transaction- ready , much in the way cable access has facilitated online pc access and reduced consumer dial up delays 3555. 8. Advanced penetration of mobile networks: 2G (second generation) networks already cover more than 90 percent of the population in the western world, and this number is growing steadily. 9. Personalization: Through SIM (Subscriber Identity Module) cards, mobile customers have a specific profile that enables customized functionality that directly reflects the way they want to transact business over mobile devices. Through the convenient addition of a multi-application relationship card, mobile customers will also have a built in platform for a host of other application services, including security keys, virtual credits cards, and other customized payment instruments. 10. Rapid evolution of global protocols such as WAP (wireless application protocol): This enables the communication channel between computers and mobile devices. The WAP component essentially provides the facility for reformatting data for display on wireless handsets.
11. Faster Data Processing Speeds:

Increases in bandwidth and data transmission a speed makes mobile data services efficient and cost effective in a real time environment.
12. Security:
Effectively, the mobile banking transaction can be protected by a private key stored on SIM card and hence mobile phone can become a wireless wallet to protect proprietary and financial information.
Dangers of E-Banking
most services suffer from disadvantages, and on-line banking is no exception. Recently, there have been a number of technical incidents, where customer information was disclosed to other users. Banks have been quick to react, and have either reverted back to the previous system or have solved the problem immediately. The main disadvantages are those related to fear of the unknown. The main fear is that transferring money electronically will somehow cause it to disappear into the electronic abyss. Banks are aware of this concern and do assure account holders that such an event should not occur. There is some speculation, currently, that Internetonly banks will not be able to sustain their high interest rates. Other drawbacks to using Internet-only banks include: Penalties for phone transactions; Access to cash (ensure that there is sufficient access to ATMs). We may perceive this method of banking to be instantaneous. For example, when a bill is paid, the expectation is that the transaction is completed with immediate effect. However, this is not the case, as the systems are still connected to the UK clearing system, which takes three working days to clear payments., it appears that in many cases basic risk principles have been ignored in the rush. Banks could lose the whole e-trust business if they are unable to rise to the challenge of meeting customers' ever-rising demands in a secure trading environment. Use Dangers in E-banking to reduce the level of risks to a minimal level whilst ensuring that your business is not justify behind in the race to retain and win new electronic customers. How can this report help you? - It identifies the major risks which have been encountered so far and pinpoints areas which are to become big risks for e-bankers in the future.
Security
One of the main concerns with on-line banking is that of security. Fraudulent and accidental security breaches are a rare occurrence. Banks employ many procedures and systems in order to prevent these incidents. As a result they invest a considerable amount of time and money in developing systems which will prevent fraud and unauthorized access. If a security breach is discovered, the bank is liable for all money stolen, and, as a result, insures them against the possibility. The security used in on-line banking is a combination of technology and user authentication. The bank will use a 128 bit Secure Session Layer (SSL) encryption protocol, between its server and the user's browser. The user's browser will show a padlock when the session is secure. Using SSL can be thought of as preventing eavesdropping. If a hacker were to attempt to listen to the data transmission, they would have to guess the decryption key - which is a 1 in 3.4 x10 to the power of 38 chances, making it infinitely secure. From a technology point of view, on-line banking is secure. The weakest link of on-line banking is user authentication. Typically, a user has to supply a set of answers to questions, which they have previously entered upon registration, as well as a username and password. The banks place the responsibility of keeping these answers secure with the user. If any are disclosed and money is stolen, the liability lies solely with the account holder, not the bank. With this in mind the following is sound advice to users:

Make sure the Web Address starts https:\\ rather than http:\\, this shows that the session is encrypted; Look for the closed padlock in the browser; Do not use simple or easily guessable passwords (use a combination of letters and numbers) and change it frequently; Do not write down any username, password or any other information required; Always empty the cache of the browser after banking;

Always sign-off when you are finished; Do not leave the PC unattended while banking; Do not use the "Auto Complete" feature within the browser; Check the Terms and Conditions for any notes on where you can and cannot access the on-line accounts. (e.g. an Internet caf is not as secure as your home PC); Use additional software that your bank might recommend (firewall or anti-virus software) Keep your Web browser up-to-date with the latest patches and versions; Never send any account information in an email as this is insecure. Be wary of any e-Mails from your bank which ask you to send details via email, banks will not do this; Also, be wary of emails from banks which ask you to log into a Web site and resubmit your details. These fake Web sites have been set-up by fraudsters. If you are unsure of an email play it safe and contact your bank to verify the email.
questiones
Question: What equipment and software do I need to access e-Banking? Answer: You'll need an Internet Service Provider (ISP), a modem (28,800 baud or higher is recommended), and Browser software which supports 128-bit Secure Sockets Layer (SSL) encryption. We recommend Internet Explorer 5.5 or Netscape 4.78 for PC users. (For more information, please refer to your copy of e-Banking Guidelines provided by Community Bank.) Question: How do I sign up for e-Banking? Answer: Access to e-Banking can be added to most Community Bank accounts at any time. If you would like to use this feature and have not yet signed up, simply contact one of our helpful staff members for assistance at (209) 956-7000. Question: What type of accounts can be accessed through e-Banking? Answer: You can access the following types of accounts: Checking Savings CD's/Investment Loans Question: Can I customize the name of my accounts online? Answer: Yes. Our e-Banking service is designed so that users can edit information online for their own reference. Adding custom

words such as "Summer Vacation" next to an account number enables users to locate specific accounts more quickly. Note: Please include the last five digits of your account number in your modification. Any modification made online only appears when accessing information through e-Banking and does not impact the Bank's actual records. Question: How safe and secure are my e-Banking transactions? Answer: We use 128-bit Secure Sockets Layer (SSL) encryption for all communications within e-Banking. This is currently the highest level of security available for Internet transactions. You can help safeguard your information and the e-Banking system by protecting your Sign-On ID and password. A proper combination of your Sign-On ID and password is the only way to gain access to your account information online. Please be careful to keep this information secure. Question: Can anyone else see my account information? Answer: Your online account information is available through access methods which have been rigorously tested for security accessibility. Account information can only be accessed using the correct Sign-On ID and password combination. For your protection, e-Banking blocks access to your account after three failed Sign-On attempts. To regain access, please contact the Bank. If you leave e-Banking idle for a period of time without using the Sign-Off option, the system automatically terminates your session for additional security.

You can help safeguard your information and the e-Banking system by protecting your Sign-On ID and password. A proper combination of your Sign-On ID and password is the only way to gain access to your account information online. Please be careful to keep this information secure. Question: If I did not subscribe to e-Payment when I first opened my personal checking account, can I add this service later? Answer: Personal users can sign up for e-Payment at any time. Just click on the Bill Payments button located within the e-Banking navigation menu. If you have not already signed up, a message will appear informing you that you are not currently enrolled. You will then be presented the opportunity to enroll online. Simply accept the Terms and Conditions by clicking the button, and you can immediately begin using the service. Question: Upon subscribing to e-Payment, will I be charged the monthly service fee even if I don't make any payments? Answer: Yes, the monthly service fee is charged just like your basic telephone or cable bill - whether you use the service or not. Please see our Fee Schedule for current pricing. Question: Will my payments and transfers be processed if e-Banking goes down? Answer: If e-Banking and all of Community Bank's back up systems were to go down, you can be comfortable that any transaction which you had already processed prior to the system going down, will be processed. If you were in the middle of a transaction and there is some question as to whether the system received your request, please contact the Bank to ensure your transaction request has been accepted.

Payments and transfers appear on your Register screen. If the last column of the register is marked with an "X", the payment or transfer has posted against your account.

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