E banking

1. University of Poonch Rawalakot

2. Introduction:
 E Banking is major innovation in the field of Banking.
 Earlier Banking was conducted in a very traditional
manner, there no such innovations.

3. History Of E-Banking:
 E-Banking history date back to 1980s.
 Stanford Federal Credit Union was the first who offer online Banking.
 Later on snapped up by other Banks.

4. What is E-Banking?
Logical answer is to use E-Channels:
 Internet
 WAP based Mobile Network
 Automated Telephone
 ATM network
 SMS and FAX messaging
 Web TV and Others

5. E-Banking
 Modern banking is E-Banking.
 It means a customer cannot see the bank.
 Using technology he can conduct banking activities.

6. Types of E-Banking:
 Phone Banking
 Home Banking
 Internet Banking

7. Electronic Delivery Channels:
 ATMs
 Smart Cards
 Telebanking
 Internet Banking

8. Advantages Of E-Banking:
 Round the Clock Banking.
 User Friendly.
 Low Cost.
 Portable Banking.
 Quality Banking.
 Speed Banking.

9. Limitations Of E-Banking:
 Start-up Cost.
 Training
 Maintenance
 Security
 Legal Issues.

10. Online Banking Frauds:
 At the beginning of Online Banking no cases of fraud have
been reported.
 But from 2004 the cases of Online Banking fraud exploded.

11. Online Banking Frauds:
Password + Phishing:
 Phishing is the attempt to obtain Sensitive Information
such as usernames, passwords, Credit Card detail.
 Phishing Scheme involves using Fake E-mails or fake
websites to get hold of someone's Account.

12. Online Banking Frauds:
Skimming:
 Skimming is the crime of getting private information about
somebody else's credit card used in an otherwise normal
transaction.
 Illegally copy the Information of your ID Card.