ppt

1. Evolution of eBanking:-
Electronic banking started after Second World War with the use of proprietary software and private networks.
But the whole credit of making eBanking big hit goes to Internet.
Internet made eBanking trustworthy and useful. International trade has increased significantly in post world war period and with it monetary transactions between different countries have
increased.
eBanking has facilitated trading between distant corners of the world without worrying about monetary transactions.
E-commerce has grown exponentially over last 30 years.
Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT) were introduced in the late 1970s, to send commercial documents like purchase orders or invoices electronically.
In 1980's eBanking got a new dimension by the use of credit cards, Automated Teller Machines (ATM) and telephone banking.
This was the revolutionary period in eBanking. Now whole Commerce seems to be shouldering on these electronic systems.
What made eBanking so hit?
eBanking has certain features which give it edge over traditional banking system.
Features which make it so popular are -
Real time banking-
Unlike traditional banking which suffers from time consuming procedures, eBanking provides real time banking to the customers.
You get all the relevant information about your account instantly.
You can access all the details about your account sitting at home or at any distant location. eBanking has turned whole world into a small village.
24/7 banking-
eBanking has removed the time constraint from banking. Now you can withdraw cash or get any banking facility anytime. You are not required to ask bank employees for it. Electronic system
will do all of this for you instantly.
Banking from anywhere-
Don't worry if you are sitting in Middle East country and want to check you account in New York. eBanking certainly leaves no room for blaming the distances. Smart banking is ready to serve
you anywhere, anytime.
Safe and secure Banking-
Electronically enabled banking is more immune to security and safety related problems. Password Based Encryption (PBE), Secure Socket Layer (SSL), electronic signatures and electronic tokens

2. gives a high level of security.
Any malfunctioning or any inconsistency in your account can be traced easily. This makes eBanking more reliable.
Easy Loans, Instant Loans-
Use of smart cards, debit cards, credit cards has eased you from hatred, time consuming loaning procedures.
Your banks provide you instant loans. No need to keep cash with you at all, a small chip card has replaced piles of cash.
Certain web sites provide facility of online loaning. You can get instant loan there, just by filling a small form.
You can use these free websites for payday loans. You may try http://www.paydaysonline.com for payday loans.
High Performance and flexibility-
eBanking is a high performance system satisfying it's customers for their every banking related queries and desires.
What makes it more interesting is its flexibility.
eBanking is using everyday advancements in technology, which makes it smart and banking system of today and tomorrow. You may login to http://www.duepayday.com to see what eBanking
can offer you.
Bank customers across the world are now more willing to bank online as they are more comfortable with internet. They also want to avoid teller lines and telephone queues.
Their faith in security of internet banking has encouraged banks to turn from traditional methods to advance electronic enabled banking.
eBanking is about to replace traditional banking system completely. In near future you will have all services in your pocket embedded on a small chip. These smart cards will provide you
facilities and services beyond you imagination.
ystem, the banking services are delivered by way of a Computer-Controlled System. This system does involve direct interface with the customers. The customers do not have to
visit the bank's premises.
Popular services covered under E-Banking ↓

3. The popular services covered under E-banking include :-
1. Automated Teller Machines,
2. Credit Cards,
3. Debit Cards,
4. Smart Cards,
5. Electronic Funds Transfer (EFT) System,
6. Cheques Truncation Payment System,
7. Mobile Banking,
8. Internet Banking,
9. Telephone Banking, etc.
Advantages of E-Banking ↓
The main advantages of E-banking are :-
1. The operating cost per unit services is lower for the banks.
2. It offers convenience to customers as they are not required to go to the bank's premises.
3. There is very low incidence of errors.
4. The customer can obtain funds at any time from ATM machines.
5. The credit cards and debit cards enables the Customers to obtain discounts from retail outlets.
6. The customer can easily transfer the funds from one place to another place electronically.

4. 1. An internet banking account is simple to open and use.
You just enter a few answers to questions in a form while sitting comfortably in your own home or office. To access your account, you establish security measures such as usernames and
passwords. To complete the set up of your account, you just print, sign and send in a form.
2. Internet banking costs less.
Because there are fewer buildings to maintain, and less involvement by salaried employees, there is a much lower overhead with online banks. These savings allow them to offer higher
interest rates on savings accounts and lower lending rates and service charges.
Even traditional brick and mortar banks offer better deals such as free bill paying services to encourage their customers to do their banking online.
3. Comparing internet banks to get the best deal is easy.
In a short time, you can visit several online banks to compare what they offer re savings and checking account deals as well as their interest rates.
Other things you can easily research are what credit cards are available, credit card interest rates, loan terms and the banks own rating with the FDIC.
4. Bouncing a check (accidentally) should be a thing of the past because you can monitor your account online any time, day or night.
You can track your balance daily, see what checks have cleared and when and know when automatic deposits and payments are made. This is all possible by simply going online to the banks
website and logging into your account.
5. You can keep your account balanced using your computer and your monthly statement.
Your bank account information can be downloaded into software programs such as Microsoft Money or Quicken, making is easy to reconcile your account with just a few mouse clicks. The
convenience of the data capture online makes it much easier to budget and track where your money goes. Your internet bank account even allows you to view copies of the checks you have
written each month.
6. With the ability to view your account at anytime, it is easier to catch fraudulent activity in your account before much damage is done.

5. As soon as you log into your account, you will quickly see whether there is anything amiss when you check on your deposits and debits. If anyone writes a check or withdraws funds from your
account and you know it wasn't you, you will see it right away. This lets you get started on correcting the problem immediately rather than having to wait a month to even have a clue it is
happening as would be the case with a traditional bank.
7. Internet banking offers a great deal more convenience than you could get from a conventional bank.
You aren't bound by 'banker's hours' and you don't have to go there physically in your car. Time is not wasted when you have work to do because you can do your office's banking without
leaving the office. No matter where you are or what time it is, you can easily manage your money.