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Internet Banking

Internet Banking



The ppt describes about working of internet banking

The ppt describes about working of internet banking



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    Internet Banking Internet Banking Presentation Transcript

    • Topic: internet banking Made by: sneha shetty
    • contents  History  Definition  Types  Services  Working  Advantages  Disadvantages  Security  Conclusion
    • history Online services started in New York in 1981 when four of the city’s major banks :  Citibank  Chase Manhattan  Chemical  Manufacturers Hanover offered home banking services using the videotext system.
    • What is internet banking o Internet Banking allows you to conduct bank transactions online, instead of finding a bank and interacting with a teller. o In a broad sense, it is the use of electronic means to transfer funds directly from one account to another, rather than by cheque or cash.
    • definition  A system of banking in which customers can view their account details, pay bills, and transfer money by means of the internet.  The remote delivery of new and traditional banking products and services through electronic delivery channels.
    • TYPES  PC Banking  Digital TV Banking  Text Phone Banking  Internet Banking
    • Uses of types of banking
    • SERVICES Bill Payment Credit Card Insurance Customer services Recharging your prepaid phone Shopping
    • Step 1: Access Internet Banking - Obtain your User ID and Passwords. Step 2: Create your Own Unique User ID. Step 3: Link the Account Number to your User ID Who can use internet banking
    • working Web server Internet front office system Bank back office system Internet Security subsystem Branch office terminals User SSL connection
    • First step in the setup process is making a plan. 1. What are the services to be installed? 2. What services bank could implement in-house? 3. What services we could implement through ASPs (out-of-house)? 4. Who are technology partners? Application Service Providers
    • advantages  Cost less  Transaction speed  Efficiency  Speed banking  Vast coverage
    • Issues in internet banking  Security  Learning difficulties  Lack of skilled personnel  Technical breakdowns  Long start up time  inexpensive
    • Security risks  Increasing number of fraudulent websites  Fake emails purporting to be sent from banks  Use of trojan horse programs to capture user ids and password
    • PROBLEMS Spoofing “How can I reassure customers who come to my site that they are doing business with me, not with a fake set up to steal their credit card numbers?” EavesdroppingData Alteration “How can I be certain that my personal information is not altered by online eavesdroppers when they enter into a secure transaction on the Web?” “How can I be certain that my customers’ account number information is not accessible to online eavesdroppers when they enter into a secure transaction on the Web?” Security Problems
    • security • Ensuring security while banking online, is to keep your password and pin number a secret. • The security of your personal computer is very important for safe internet banking. Therefore, always install antivirus software and software to remove spyware. • Checking your bank statements regularly will help you detect any transaction that has taken place without your knowledge.  While banking through the internet, make sure that the banking session is secure.  In addition, always remember to completely log off, after completing the banking session.  Nowadays, the banking institutions have come up with a number of safety measures for ensuring secure internet banking.
    • conclusion  The strategy of bank is to provide value added services and products to the consumer, utilizing the internet extensively.  The main aim of E-banking is to making transactions through online poses and make customer more beneficial
    • Bibliography 1. www.en.wikipedia.org 2. www.bing.com 3. www.bankersonline.com 4. www.ehow.com 5. www.shareslide.net 6. www.hdfcbank.com
    • Any questions???