E-Banking: Dr. Rana Singh Associate Professor
E-Banking: Dr. Rana Singh Associate Professor
E-Banking: Dr. Rana Singh Associate Professor
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."
What is E-banking?
Online banking or Internet banking
In simple terms it does not involve any physical
exchange of money, but it’s all done
electronically, from one account to another, using
the Internet.
From a personal computer, you can access your
bank account information, and perform many
banking functions, like transferring money,
making a loan payment
What is E-banking?
Once you register yourself on a bank website, you
can view
o Your accounts, credit card & home loan balances
o Accrued interest, fees and taxes
o Transaction details of each account
o Pay bills
o Transfer funds to third party accounts which you
nominate
o Open a deposit right from the terminal you are sitting at.
What is E-banking?
However, till now Internet services in India only
allows for a minimum level of interactivity such as
o Answering e-mail queries
o Feedback forms
o Articles asking for readers’ opinion at the end
An accountholder, armed with a password, can
use the Net to order a cheque book, stop payment
of a cheque and spot the balance and individual
operations in the account and transfer funds.
Advantages
Eliminates the use of paper and replaces it
with computer screens
No need to stand in line at the bank,
because all you have to do is log onto the
internet & access your account
It’s safe, hassle free, saves hours of time a
month
Advantages
It comes with a world of other benefits
o Interest earning checking accounts,
o Automatic bill payment
o ATM/Debit cards
o Credit Cards
o Direct Deposit
o Online Statements
o Loans
o Money market accounts
Transaction costs
o Operating systems
o Firewalls
o Database management systems
o Security application programs.
E- Banking Setup
Areas Of Security
Authentication
o Verifying your identity using
passwords/pass phrases and certificates
Confidentiality
Non Repudiation
o Method by which the sender of data is
provided with proof of delivery and the
recipient is assured of the senders identity
Areas Of Security
Integrity
Access Control
o Mechanisms and policies that restrict
access to computer resources
Availability
Access Control
Access control restricts the flow of data
traffic
Internet Banking uses firewalls in the
area of access control.
Internet Banking two firewalls are used
o One before the Internet Banking server
o Before the SQL database
Access Control
Networking Techniques.
Parallel Systems.
Data Warehousing
Data Mining
Advantages of Relationship
Banking
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