[ICT] Banking & Technology
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This document discusses various electronic banking methods including electronic funds transfer, ATMs, credit and debit cards, telephone banking, internet banking, mobile banking, and modern e-banking methods. Key points covered include how electronic funds transfer and chip and PIN allows transferring money between accounts, ATMs provide access to cash and some basic banking services from machines in public places, credit and debit cards can be used instead of cash when a card is scanned and PIN entered correctly, and telephone, internet, and mobile banking allow accessing accounts remotely through various communication methods. Advantages of modern e-banking include convenience of access without visiting branches, ability to instantly transfer funds anywhere, and ability to instantly check transactions, while disadvantages include potential for
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Traditional banking involved customers visiting physical bank branches during limited hours, requiring many bank staff. Now, customers can bank remotely using ATMs, call centers, and online banking. While this reduces costs for banks and improves convenience for customers, it also introduces new risks like fraud and security issues that banks must address. Both banks and customers experience advantages and disadvantages to digital and online banking.
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This document discusses e-banking, e-commerce, and related topics. It defines e-banking as the automated delivery of traditional and new banking products and services directly to customers through electronic communication channels. It describes the benefits of e-banking such as anytime/anywhere access and cheaper fund transfers. Internet and mobile banking services are explained along with their features. The document also discusses business to business and business to consumer models of e-commerce and some challenges and prospects of e-commerce.
E-banking in bangladesh
This presentation discusses e-banking. E-banking refers to electronic banking and involves information technology based banking services. Popular e-banking services include ATMs, telephone banking, electronic funds transfer, mobile banking, electronic clearing cards, smart cards, internet banking and more. Some advantages of e-banking are lower operating costs for banks, customer convenience from 24/7 access to funds, and reduced errors. However, challenges include infrastructural barriers, lack of knowledge, legal and security issues, and cultural barriers. Factors for adopting e-banking include better access to services, privacy, prices, and personal recommendations.
Telebanking
Telebanking, also known as telephone banking, allows customers to perform financial transactions over the phone without visiting a bank branch. It provides services like checking account balances, transferring funds, paying bills, and more. Telebanking uses security features like passwords, PINs, and transaction limits to protect customer accounts. It offers customers convenient access to their banking needs at any time without needing to visit in person.
Bankers’ challenges in electronic banking, management
Banking on the Internet (e-banking) is in many countries for a decade already an everyday tool for millions of persons. Operating direct on the stock exchanges is no more limited to experts. Even wallets are turning out to be used more electronically.
Getting your account balance via alerts, making micro-payments in shops or to friends, creating savings for the unbanked customers, … A lot is moving fast for financial (e.g. banks) and nonfinancial agents (e.g. telecoms) in these new channels.
This can generate a lot of questions:
- What are the risks of these new developments and how to tackle them?
What are the commercial and technical challenges for the future?
The Importance of Electronic Banking
GTreasury and CUNA Mutual Group discussed real world examples of electronic banking solutions and how they have improved organizations internal processes.
Banking technology
The document discusses various types of banking technology including mobile banking, telephone banking, internet banking, universal banking, home/office banking, electronic banking, automated teller machines (ATMs), white label ATMs, and cash deposit machines. Mobile banking allows banking on mobile phones, telephone banking uses automated voice systems, internet banking enables online banking, and universal banks offer diverse investment and banking services. Electronic banking refers to online transactions without a physical bank link. ATMs and white label ATMs (run by non-banks) allow account access via cards while cash deposit machines permit cash deposits without visiting a branch.
Recommended
Ict in banking
Traditional banking involved customers visiting physical bank branches during limited hours, requiring many bank staff. Now, customers can bank remotely using ATMs, call centers, and online banking. While this reduces costs for banks and improves convenience for customers, it also introduces new risks like fraud and security issues that banks must address. Both banks and customers experience advantages and disadvantages to digital and online banking.
Application of e banking in bangladesh
This document discusses electronic banking in Bangladesh. It provides details on various electronic banking services offered in Bangladesh including ATMs, debit cards, credit cards, point of sale services, home banking, internet banking, and wholesale electronic banking services. It also discusses the basic components, advantages, and problems of introducing electronic banking in Bangladesh. It emphasizes the need for banks in Bangladesh to adopt electronic banking systems to modernize and remain competitive.
E'banking and e'commerce b.v.raghunandan
This document discusses e-banking, e-commerce, and related topics. It defines e-banking as the automated delivery of traditional and new banking products and services directly to customers through electronic communication channels. It describes the benefits of e-banking such as anytime/anywhere access and cheaper fund transfers. Internet and mobile banking services are explained along with their features. The document also discusses business to business and business to consumer models of e-commerce and some challenges and prospects of e-commerce.
E-banking in bangladesh
This presentation discusses e-banking. E-banking refers to electronic banking and involves information technology based banking services. Popular e-banking services include ATMs, telephone banking, electronic funds transfer, mobile banking, electronic clearing cards, smart cards, internet banking and more. Some advantages of e-banking are lower operating costs for banks, customer convenience from 24/7 access to funds, and reduced errors. However, challenges include infrastructural barriers, lack of knowledge, legal and security issues, and cultural barriers. Factors for adopting e-banking include better access to services, privacy, prices, and personal recommendations.
Telebanking
Telebanking, also known as telephone banking, allows customers to perform financial transactions over the phone without visiting a bank branch. It provides services like checking account balances, transferring funds, paying bills, and more. Telebanking uses security features like passwords, PINs, and transaction limits to protect customer accounts. It offers customers convenient access to their banking needs at any time without needing to visit in person.
Bankers’ challenges in electronic banking, management
Banking on the Internet (e-banking) is in many countries for a decade already an everyday tool for millions of persons. Operating direct on the stock exchanges is no more limited to experts. Even wallets are turning out to be used more electronically.
Getting your account balance via alerts, making micro-payments in shops or to friends, creating savings for the unbanked customers, … A lot is moving fast for financial (e.g. banks) and nonfinancial agents (e.g. telecoms) in these new channels.
This can generate a lot of questions:
- What are the risks of these new developments and how to tackle them?
What are the commercial and technical challenges for the future?
The Importance of Electronic Banking
GTreasury and CUNA Mutual Group discussed real world examples of electronic banking solutions and how they have improved organizations internal processes.
Banking technology
The document discusses various types of banking technology including mobile banking, telephone banking, internet banking, universal banking, home/office banking, electronic banking, automated teller machines (ATMs), white label ATMs, and cash deposit machines. Mobile banking allows banking on mobile phones, telephone banking uses automated voice systems, internet banking enables online banking, and universal banks offer diverse investment and banking services. Electronic banking refers to online transactions without a physical bank link. ATMs and white label ATMs (run by non-banks) allow account access via cards while cash deposit machines permit cash deposits without visiting a branch.
E banking
The document discusses electronic banking or e-banking. It defines e-banking and provides examples of how it can be used, such as direct deposit, bill payment, and account balance checks. It then describes various forms of e-banking including internet banking, automated teller machines, telebanking, smart cards, debit cards, and e-checks. Benefits for both banks and customers are outlined, along with some concerns regarding e-banking. The document concludes with sections on the global perspective of e-banking, strategies, transactions, and trends.
E banking
E-banking allows customers to perform basic banking transactions electronically around the clock from anywhere in the world. It involves viewing account details, paying bills, and transferring money via the internet. While e-banking provides benefits like convenience and low costs, it also faces challenges regarding security, start-up costs, and the need for trained personnel and maintenance. Banks are working to address security issues and provide safe online banking services.
E banking p pt sst nwc
this a ppt on e-banking.
it has all that i think is important for a 8th grader.
this is made by most of the others also.
thank you.
E banking
Electronic banking, also known as e-banking, allows customers to conduct financial transactions electronically using the internet or other electronic channels without visiting a brick-and-mortar branch. E-banking first emerged in the 1920s and grew in popularity through the 1960s with electronic funds transfers and credit cards. It is now estimated that 40% of banking transactions are conducted online. Technologies that have enabled e-banking include ATMs, online and mobile banking, telephone banking, and smart cards. E-banking offers benefits like convenience, lower costs, and increased customer relationships but also faces challenges around technology adoption, costs, and security concerns.
E banking Services
Electronic banking (e-banking) allows customers to access bank accounts and conduct transactions through electronic and telecommunications networks using computers and mobile phones. The document discusses various e-banking tools like core banking, electronic funds transfer (EFT), real-time gross settlement (RTGS), immediate payment service (IMPS), and Society for Worldwide Interbank Financial Telecommunications (SWIFT). It also covers electronic clearing service (ECS), debit cards, credit cards, smart cards, automated teller machines (ATMs), and electronic cheques.
E banking
The document discusses the emergence and growth of e-banking as a result of technological advancements like the internet and information technology. It defines e-banking as the automated delivery of traditional banking products and services through electronic channels. Some key points:
- E-banking allows customers to access accounts, conduct transactions, and obtain banking information online through internet banking, mobile banking, ATMs, etc.
- Early forms of e-banking included electronic funds transfer networks and clearing houses in the UK in the 1970s and 1980s.
- E-banking offers advantages like convenience, low costs, 24/7 access, and better customer service compared to traditional banking.
- Types of
CURRENT TREND IN INTERNET BANKING (SUBJECT -ENGINEERING ECONOMICS AND MANAG...
1. NAME- VRAJ P. PATEL ,SUBJECT - EEM ,SY-COMP. -2 SVIT ,VASAD
2.Internet banking involves consumers using the Internet to access their bank account and to undertake banking transactions.
At the basic level, Internet banking can mean the setting up of a Web page by a bank to give information about its product and services.
At an advance level, it involves provision of facilities such as
accessing accounts
funds transfer
buying financial products or services online.
This is called ``transactional'' online banking.
3.BANKING SERVICES THROUGH INTERNET
4.Traditional Banking Vs. Internet Banking
5.Advantages of Internet Banking
6.EXAMPLE OF ICICI BANK
7.CASE STUDY RELATED TO CURRENT TREND OF INTERNET BANKING ,REVIEW OF WORLD WIDE INTERNET BANKING SCOPE ,
8. CONCLUSION
Unit v e-banking
E-banking refers to electronic banking services provided through internet and mobile banking. It allows customers to perform banking transactions remotely without visiting a physical branch. Key services of e-banking discussed include internet banking, mobile banking, telephone banking, and ATMs. Benefits for both banks and customers are highlighted such as convenience, lower costs, and 24/7 accessibility. Risks associated with e-banking like security, technology and legal issues are also examined along with their management. A brief history and evolution of these different electronic banking channels in India are provided.
Concept of banking technology
The document discusses various banking technologies used in modern banking operations, including automated teller machines (ATMs), core banking solutions, internet banking, mobile banking, telephone banking, electronic funds transfer systems, cheque truncation systems, and wide area networks. Key technologies covered include magnetic ink character recognition, optical character recognition, personal identification numbers, debit cards, credit cards, and electronic payment systems.
e-banking
Online banking allows customers to access their financial institution's accounts and conduct transactions over the internet. To use online banking, customers must register with the institution and set up login credentials like a username and password. Financial institutions have implemented security measures like additional login steps but approaches vary. Common online banking activities include viewing accounts, transferring funds between accounts, paying bills, investing, and taking out insurance policies.
Electronic Banking
The document discusses electronic banking and provides information on its introduction, history, types, uses, advantages, disadvantages and security issues. It describes how electronic banking allows online banking transactions instead of visiting a physical bank. The history of electronic banking is traced from its start in New York in 1981 and India in 1997 by ICICI bank. The main types are internet banking, SMS banking, ATMs, telephone banking, debit/credit cards, and e-checks. Key functions include funds transfer, bill payments, investments, applications and viewing accounts. The main advantages are convenience, lower costs and security risks. Common security issues involve spoofing, eavesdropping and data alteration that can be addressed by using encryption and authentication.
Banking services
This document discusses various banking services including ATMs, EFTs, RTGS, internet banking and mobile banking. It outlines the benefits of ATMs such as 24/7 access and convenience, as well as some limitations like installation costs and security issues. Electronic fund transfers provide faster access to funds and eliminate risks. RTGS allows for real-time settlement of funds transfers. Internet banking allows customers to access accounts and conduct transactions online anywhere at any time. Mobile banking uses apps to manage bank accounts and conduct financial transactions via mobile phones. The document explores the services provided and why banks are expanding to mobile platforms to improve customer service and increase market share.
Computers in banking
Banks use computers to allow customers to manage their finances online through the bank's website, eliminating the need to visit a physical bank location. Customers can check balances, pay bills, transfer funds, and view statements by logging into their secure online account using a user ID and password. Bank employees also use computers to store customer information, keep records of transactions, and communicate electronically with customers about their accounts.
E-BANKING :SURGES A HEAD IN INDIAN BANKING SECTOR
this presentation covers the latest concepts of E-BANKING in India,its advantages and disadvantages
SURGES A HEAD IN INDIAN BANKING SECTOR
E banking
E-Banking refers to electronic banking services offered by financial institutions. It evolved from traditional in-person banking due to innovations in internet technology. One of the first banks to offer online internet banking services was Stanford Federal Credit Union in 1994. E-banking allows customers to conduct banking transactions remotely using channels like ATMs, smart cards, phone/mobile banking, and internet banking. While e-banking provides benefits of convenience and lower costs, it also introduces risks like security threats from password/identity theft, phishing scams, trojan viruses, and skimming.
Telebanking and EDI system
Telephone banking allows customers to perform financial transactions without visiting a bank branch or ATM. It reduces costs for banks by decreasing the need for in-person transactions. Customers can transfer between accounts, check balances, make payments and inquiries, and access other services by phone. Telephone banking offers convenience by providing access outside normal business hours.
E-PAYMENTS
This document discusses the requirements and advantages/disadvantages of internet-based payments or e-payments. The key requirements are security, integrity, authentication, being reversible, standardized, and scalable. The main advantages are that e-payments save time, are more efficient and secure, help reduce carbon footprints, and increase confidence. However, disadvantages include potential service fees, risk of theft from cybercriminals, technical problems causing outages, and difficulty in remote areas with low digital access.
Wbc e banking
This document discusses the history and evolution of e-banking. It explains that e-banking first emerged in the 1980s and was pioneered by Stanford Federal Credit Union in 1994. The document outlines the various services offered by e-banking like funds transfer, bill payment, account access. It also discusses the advantages of e-banking like convenience, lower costs and around the clock availability. However, it notes security and lack of internet access as potential disadvantages. Furthermore, it explains different types of e-banking like internet banking, mobile banking, card payments and their workings.
E-banking
This document discusses e-banking and security measures. It provides an overview of e-banking, including its history and how it has reduced manual work. It describes common e-banking operations like funds transfers, downloading transaction information, and loan applications. The document also discusses phishing techniques used by fraudsters to steal personal information. Finally, it outlines measures users can take to avoid e-banking fraud, such as being suspicious of urgent emails requesting financial details and knowing a bank will never ask for passwords via email.
Online Banking
On-Line Banking Global Trends and Local Prospects discusses the definition and importance of online banking as well as trends over time. Online banking provides convenience for customers through 24/7 access without queues and is cheaper for banks than in-person or ATM transactions. While PC banking requires proprietary software, internet banking allows access through any browser. Services offered have expanded from basic information to two-way transactions and interfaces with other services will continue growing. U.S. online banking household penetration grew from 5 million in 1997 to over 28 million in 2001. India's major banks now all offer full internet banking, though current usage remains low at under 2%. Online banking will change but not replace traditional banking in India.
Social and technology trends for banking
Kate Carruthers presents on social banking and the future. She discusses how technology and social trends are changing consumer behavior and expectations. New entrants like non-bank organizations are emerging and disrupting traditional banking by leveraging new technologies and focusing on things like mobile access, personalization, and real-time services. Banks need to adopt agile approaches and focus on digital partnerships to take advantage of opportunities and compete in this changing landscape.
Wearables are becoming important!
Do People Want Wareable Banking?
Engagement with digital technology is increasing. Younger generations are more attracted towards digital technology Rising consumer expectations for digital experiences.
The true potential of mobile and the Wearable Impact on Life, Work, Socialization 7 Source: Report on Future of Wearable Tech, Wearables offer personalized touch Wearables help in communicating and sharing details irrespective of distance Devices point to increasingly sophisticated relationship people have with their technologies.
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What's hot
E banking
The document discusses electronic banking or e-banking. It defines e-banking and provides examples of how it can be used, such as direct deposit, bill payment, and account balance checks. It then describes various forms of e-banking including internet banking, automated teller machines, telebanking, smart cards, debit cards, and e-checks. Benefits for both banks and customers are outlined, along with some concerns regarding e-banking. The document concludes with sections on the global perspective of e-banking, strategies, transactions, and trends.
E banking
E-banking allows customers to perform basic banking transactions electronically around the clock from anywhere in the world. It involves viewing account details, paying bills, and transferring money via the internet. While e-banking provides benefits like convenience and low costs, it also faces challenges regarding security, start-up costs, and the need for trained personnel and maintenance. Banks are working to address security issues and provide safe online banking services.
E banking p pt sst nwc
this a ppt on e-banking.
it has all that i think is important for a 8th grader.
this is made by most of the others also.
thank you.
E banking
Electronic banking, also known as e-banking, allows customers to conduct financial transactions electronically using the internet or other electronic channels without visiting a brick-and-mortar branch. E-banking first emerged in the 1920s and grew in popularity through the 1960s with electronic funds transfers and credit cards. It is now estimated that 40% of banking transactions are conducted online. Technologies that have enabled e-banking include ATMs, online and mobile banking, telephone banking, and smart cards. E-banking offers benefits like convenience, lower costs, and increased customer relationships but also faces challenges around technology adoption, costs, and security concerns.
E banking Services
Electronic banking (e-banking) allows customers to access bank accounts and conduct transactions through electronic and telecommunications networks using computers and mobile phones. The document discusses various e-banking tools like core banking, electronic funds transfer (EFT), real-time gross settlement (RTGS), immediate payment service (IMPS), and Society for Worldwide Interbank Financial Telecommunications (SWIFT). It also covers electronic clearing service (ECS), debit cards, credit cards, smart cards, automated teller machines (ATMs), and electronic cheques.
E banking
The document discusses the emergence and growth of e-banking as a result of technological advancements like the internet and information technology. It defines e-banking as the automated delivery of traditional banking products and services through electronic channels. Some key points:
- E-banking allows customers to access accounts, conduct transactions, and obtain banking information online through internet banking, mobile banking, ATMs, etc.
- Early forms of e-banking included electronic funds transfer networks and clearing houses in the UK in the 1970s and 1980s.
- E-banking offers advantages like convenience, low costs, 24/7 access, and better customer service compared to traditional banking.
- Types of
CURRENT TREND IN INTERNET BANKING (SUBJECT -ENGINEERING ECONOMICS AND MANAG...
1. NAME- VRAJ P. PATEL ,SUBJECT - EEM ,SY-COMP. -2 SVIT ,VASAD
2.Internet banking involves consumers using the Internet to access their bank account and to undertake banking transactions.
At the basic level, Internet banking can mean the setting up of a Web page by a bank to give information about its product and services.
At an advance level, it involves provision of facilities such as
accessing accounts
funds transfer
buying financial products or services online.
This is called ``transactional'' online banking.
3.BANKING SERVICES THROUGH INTERNET
4.Traditional Banking Vs. Internet Banking
5.Advantages of Internet Banking
6.EXAMPLE OF ICICI BANK
7.CASE STUDY RELATED TO CURRENT TREND OF INTERNET BANKING ,REVIEW OF WORLD WIDE INTERNET BANKING SCOPE ,
8. CONCLUSION
Unit v e-banking
E-banking refers to electronic banking services provided through internet and mobile banking. It allows customers to perform banking transactions remotely without visiting a physical branch. Key services of e-banking discussed include internet banking, mobile banking, telephone banking, and ATMs. Benefits for both banks and customers are highlighted such as convenience, lower costs, and 24/7 accessibility. Risks associated with e-banking like security, technology and legal issues are also examined along with their management. A brief history and evolution of these different electronic banking channels in India are provided.
Concept of banking technology
The document discusses various banking technologies used in modern banking operations, including automated teller machines (ATMs), core banking solutions, internet banking, mobile banking, telephone banking, electronic funds transfer systems, cheque truncation systems, and wide area networks. Key technologies covered include magnetic ink character recognition, optical character recognition, personal identification numbers, debit cards, credit cards, and electronic payment systems.
e-banking
Online banking allows customers to access their financial institution's accounts and conduct transactions over the internet. To use online banking, customers must register with the institution and set up login credentials like a username and password. Financial institutions have implemented security measures like additional login steps but approaches vary. Common online banking activities include viewing accounts, transferring funds between accounts, paying bills, investing, and taking out insurance policies.
Electronic Banking
The document discusses electronic banking and provides information on its introduction, history, types, uses, advantages, disadvantages and security issues. It describes how electronic banking allows online banking transactions instead of visiting a physical bank. The history of electronic banking is traced from its start in New York in 1981 and India in 1997 by ICICI bank. The main types are internet banking, SMS banking, ATMs, telephone banking, debit/credit cards, and e-checks. Key functions include funds transfer, bill payments, investments, applications and viewing accounts. The main advantages are convenience, lower costs and security risks. Common security issues involve spoofing, eavesdropping and data alteration that can be addressed by using encryption and authentication.
Banking services
This document discusses various banking services including ATMs, EFTs, RTGS, internet banking and mobile banking. It outlines the benefits of ATMs such as 24/7 access and convenience, as well as some limitations like installation costs and security issues. Electronic fund transfers provide faster access to funds and eliminate risks. RTGS allows for real-time settlement of funds transfers. Internet banking allows customers to access accounts and conduct transactions online anywhere at any time. Mobile banking uses apps to manage bank accounts and conduct financial transactions via mobile phones. The document explores the services provided and why banks are expanding to mobile platforms to improve customer service and increase market share.
Computers in banking
Banks use computers to allow customers to manage their finances online through the bank's website, eliminating the need to visit a physical bank location. Customers can check balances, pay bills, transfer funds, and view statements by logging into their secure online account using a user ID and password. Bank employees also use computers to store customer information, keep records of transactions, and communicate electronically with customers about their accounts.
E-BANKING :SURGES A HEAD IN INDIAN BANKING SECTOR
this presentation covers the latest concepts of E-BANKING in India,its advantages and disadvantages
SURGES A HEAD IN INDIAN BANKING SECTOR
E banking
E-Banking refers to electronic banking services offered by financial institutions. It evolved from traditional in-person banking due to innovations in internet technology. One of the first banks to offer online internet banking services was Stanford Federal Credit Union in 1994. E-banking allows customers to conduct banking transactions remotely using channels like ATMs, smart cards, phone/mobile banking, and internet banking. While e-banking provides benefits of convenience and lower costs, it also introduces risks like security threats from password/identity theft, phishing scams, trojan viruses, and skimming.
Telebanking and EDI system
Telephone banking allows customers to perform financial transactions without visiting a bank branch or ATM. It reduces costs for banks by decreasing the need for in-person transactions. Customers can transfer between accounts, check balances, make payments and inquiries, and access other services by phone. Telephone banking offers convenience by providing access outside normal business hours.
E-PAYMENTS
This document discusses the requirements and advantages/disadvantages of internet-based payments or e-payments. The key requirements are security, integrity, authentication, being reversible, standardized, and scalable. The main advantages are that e-payments save time, are more efficient and secure, help reduce carbon footprints, and increase confidence. However, disadvantages include potential service fees, risk of theft from cybercriminals, technical problems causing outages, and difficulty in remote areas with low digital access.
Wbc e banking
This document discusses the history and evolution of e-banking. It explains that e-banking first emerged in the 1980s and was pioneered by Stanford Federal Credit Union in 1994. The document outlines the various services offered by e-banking like funds transfer, bill payment, account access. It also discusses the advantages of e-banking like convenience, lower costs and around the clock availability. However, it notes security and lack of internet access as potential disadvantages. Furthermore, it explains different types of e-banking like internet banking, mobile banking, card payments and their workings.
E-banking
This document discusses e-banking and security measures. It provides an overview of e-banking, including its history and how it has reduced manual work. It describes common e-banking operations like funds transfers, downloading transaction information, and loan applications. The document also discusses phishing techniques used by fraudsters to steal personal information. Finally, it outlines measures users can take to avoid e-banking fraud, such as being suspicious of urgent emails requesting financial details and knowing a bank will never ask for passwords via email.
Online Banking
On-Line Banking Global Trends and Local Prospects discusses the definition and importance of online banking as well as trends over time. Online banking provides convenience for customers through 24/7 access without queues and is cheaper for banks than in-person or ATM transactions. While PC banking requires proprietary software, internet banking allows access through any browser. Services offered have expanded from basic information to two-way transactions and interfaces with other services will continue growing. U.S. online banking household penetration grew from 5 million in 1997 to over 28 million in 2001. India's major banks now all offer full internet banking, though current usage remains low at under 2%. Online banking will change but not replace traditional banking in India.
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Social and technology trends for banking
Kate Carruthers presents on social banking and the future. She discusses how technology and social trends are changing consumer behavior and expectations. New entrants like non-bank organizations are emerging and disrupting traditional banking by leveraging new technologies and focusing on things like mobile access, personalization, and real-time services. Banks need to adopt agile approaches and focus on digital partnerships to take advantage of opportunities and compete in this changing landscape.
Wearables are becoming important!
Do People Want Wareable Banking?
Engagement with digital technology is increasing. Younger generations are more attracted towards digital technology Rising consumer expectations for digital experiences.
The true potential of mobile and the Wearable Impact on Life, Work, Socialization 7 Source: Report on Future of Wearable Tech, Wearables offer personalized touch Wearables help in communicating and sharing details irrespective of distance Devices point to increasingly sophisticated relationship people have with their technologies.
Finacle - New Banking Technology Advancement
Finacle thought paper discusses banking history from its early days to how new banking technology helps in delivering business growth to banks.
Suresh - Mobile Banking (Corporate Banking Stream)
The document discusses trends in corporate mobile banking adoption globally. It notes that the number of smart connected devices will reach over 2 billion by the end of 2015. Many large global banks have implemented mobile apps for corporate and SME clients to enable payments, cash management, and financial reporting on tablets and smartphones. Surveys find that over 65% of corporate treasurers are interested in mobile banking services.
New Age Banking
With new FinTech solutions challenging the legacy systems all over, the need to implement technology as an enabler is vital to remain relevant.
The MENA New-Age Banking Summit will discuss banking in the digital age. It will explore trends, innovations and tech-solutions, which are bringing a new paradigm to the industry. The summit will empower the banks to devise strategies that will help them keep pace with the evolving financial eco-system in this digital age.
Biometric Authentication in Banking
Finger vein authentication technology was implemented by BPH bank in Poland to address identity theft issues in banking. The technology uses near-infrared light, a camera, and pattern matching algorithms to identify unique finger vein patterns for secure user authentication. It provides highly accurate and fast authentication while being small, non-traceable, and user-friendly. The technology resulted in cardless transactions and reduced identity theft, increasing customer confidence in the bank.
Investment Banking Technology: Jettisoning Legacy Architectures
Given the competitive advantages of IT, banks’ investment in technology has always been strong. IT has also played a central role in less fortunate times. Since the global financial crisis, compliance with regulatory reforms has depended on introducing new trade and risk reporting systems.
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The document summarizes the key findings of Accenture's 2016 Technology Vision report for the banking industry. It identifies five technology trends that will be essential for banking success: 1) the platform economy, where banks can create value by joining digital platforms and ecosystems, 2) digital trust, where banks must strengthen ethics and security to rebuild customer trust, 3) liquid workforce, utilizing flexible teams focused on business outcomes, 4) intelligent automation, using AI and automation to improve operations by working with people, and 5) predictable disruption, where banks must proactively monitor digital ecosystems to anticipate changes. The report provides analysis and recommendations for how banks can adapt to these trends.
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Similar to [ICT] Banking & Technology
Unit v
E-Payment Systems Online Payment – Payments Cards – Electronic Cash – Electronic Cheques - Electronic Wallets – Debit Cards- Credit Cards – Smart Cards – – Stored Value Cards – Banking : Net Banking, Mobile Banking - Internet Technologies
E-banking.pptx
Electronic banking, also called e-banking or online banking, allows customers to conduct banking transactions electronically via the internet. It provides safe, fast, and convenient access to bank accounts 24/7 from any location with an internet connection. Some key benefits of e-banking include convenience, time savings, and reduced costs compared to traditional branch banking. However, security risks and lack of personal interaction are disadvantages to consider.
E Banking
This document discusses electronic banking (e-banking) and its services. E-banking allows customers to access their bank accounts and conduct transactions using computers and mobile phones. It describes key e-banking services like debit cards, ATMs, credit cards, and electronic fund transfers. Debit cards can be used to make purchases against a customer's bank balance. ATMs allow 24/7 access to accounts for withdrawals and balance checks. Electronic fund transfers enable easy and secure transfers between accounts. Credit cards provide retail credit for transactions without immediate payment.
Online banking and e commerce
The document discusses online banking, e-commerce, and electronic payment systems. It provides an introduction to topics like internet banking services, the process of e-commerce, pros and cons of online shopping, electronic payment methods, and benefits of using electronic payment systems. It also includes a case study on the online retailer Amazon, covering how it has managed to succeed as an e-commerce company.
Electronic payment systems
This document discusses various electronic payment systems including credit cards, debit cards, smart cards, e-money, electronic fund transfers, e-checks, PayPal, digital cash, and smart cards. It provides details on each payment method such as how they work, the parties involved in transactions, and examples of use. The key advantages of electronic payments are described as being paperless, user friendly, and reducing costs of transactions and labor.
E Banking
This document provides an overview of e-banking in India, including definitions, forms of e-banking such as internet banking, ATMs, telebanking, smart cards, debit cards, and e-cheques. It discusses the global e-banking landscape and trends, focusing on experiences in Asia, the US, and Europe. For India specifically, it notes that e-banking is still nascent but growing in importance. Key challenges include security concerns and technological development, which Indian banks and regulators are working to address through guidelines and initiatives.
Electronic Payment Systems Shortened
Electronic payment systems can utilize digital tokens or electronic cash that is backed and stored in various ways. There are three main types of electronic cash based on when funds are debited from accounts - cash/debit, credit, and pre-paid. Electronic cash can be stored remotely on a computer's memory, smart cards, or other portable devices. Smart cards are another electronic payment method that can store sums of money and be used to pay small bills instantly. Credit card payments can be processed securely online through encryption or by using a third party verification service to confirm payments. Designing effective electronic payment systems requires addressing issues of privacy, security, usability and integration across different payment platforms and brokers.
Internet Banking
Internet banking allows customers to conduct bank transactions online instead of visiting a bank in person. It began in 1981 when four major New York banks offered home banking services using videotext. It provides services like bill payment, credit cards, insurance, and more. Customers can view accounts, transfer funds between accounts, and pay bills online through internet banking. While convenient, security is a concern due to risks like spoofing, eavesdropping, and data alteration. Banks aim to provide valuable services using internet banking while reassuring customers about security.
E – Banking.pptx
This document discusses e-banking and various electronic delivery channels for banking. It defines e-banking as conducting banking transactions electronically without visiting a physical branch. The main electronic delivery channels discussed are ATMs, smart cards, prepaid payment instruments, and telebanking. For each channel, the document provides details on what they are, how they work, their features and advantages. It also compares traditional banking to e-banking and highlights how e-banking provides benefits like convenience, accessibility and lower costs.
Bank management ppt
This document provides an overview of electronic banking (e-banking) in Bangladesh. It discusses the objectives and basic components of e-banking from both the bankers' and clients' point of view. Specific components covered include automated teller machines (ATMs), debit cards, credit cards, point of sale (POS) services, and mobile and internet banking. The document also outlines some functions of ATMs, advantages of debit cards, and risks associated with e-banking. It concludes by identifying some problems with e-banking in Bangladesh and providing recommendations to improve its implementation.
Internet Banking
Virtual banking allows customers to bank remotely without visiting a physical branch by offering services online, through mobile apps, or over the phone. Security First Network Bank and FinatiQ were early pioneers of virtual banking in 1995 and 2000 respectively. Virtual banks offer conveniences like online and mobile banking for tasks like bill payments, funds transfers, and account access from anywhere at any time but also face challenges regarding security, technical issues, and a learning curve for customers.
Electronic wallets and payment system
The document discusses different electronic payment systems and electronic wallets. It describes credit cards, debit cards, smart cards, e-money, and electronic fund transfers as common electronic payment methods. Electronic wallets are described as digital wallets that store payment information and authentication details to allow for electronic payments. Electronic wallets make payments more convenient by automatically filling in online forms and can be used on both client-side devices and remote servers. They provide benefits like ease of use, flexibility, safety and control, and accessibility.
Mis
Information technology plays a crucial role in the banking sector by enabling various applications. These applications include allowing customers to view their bank accounts online, manage payments and cash positions via corporate and consumer banking solutions, and conduct electronic fund transfers. Electronic fund transfers provide a fast and secure means of transferring funds electronically between businesses, consumers, and financial institutions via tools like credit cards, debit cards, and online payment systems. Other IT applications discussed include ATMs, which allow customers to access banking services 24/7 using their access cards, and electronic checks, which facilitate online micropayments between registered users.
August 05 2018 Digital Payments and Security
This document provides an overview of digital payments and cyber security in India. It discusses various digital payment methods like UPI, mobile wallets, cards, internet banking and more. It also covers cyber threats like SIM swap fraud, phishing and safety tips. The objectives of digital payments are outlined as promoting convenience, transparency, business growth and being environment friendly.
E banking, internet banking and all services
Computers are widely used in banks to help staff operate more efficiently and effectively. They track transactions, process customer information, and allow banks to offer good customer service daily. Key computer applications used in banks include automated teller machines (ATMs), cash deposit machines, mobile banking, internet banking, and core banking systems. These applications provide customers with convenient access to their accounts and allow banks to save time and costs.
Banking and finances
Banking and finances have changed dramatically due to advances in information technology. Traditional paper-based banking transactions have been replaced by electronic banking which allows people to access their funds and conduct transactions 24/7 through automated teller machines and online banking. Electronic fund transfers use computers and electronics instead of paper for transactions initiated by cards or codes that access bank accounts. Common electronic transactions include ATM withdrawals, direct deposits, online bill payments, point-of-sale purchases, and account inquiries. While electronic banking has advantages like convenience, speed, and lower costs, it also poses risks like increased online fraud and reliance on technology.
13828523.ppt
The document describes how ATM machines work by explaining the steps in an ATM transaction and identifying the main components of an ATM. It discusses how the ATM reads the magnetic strip on an ATM card to access account information. It then prompts the user for their PIN for authentication before allowing cash withdrawals, balance checks, or other transactions. Key components of the ATM include the card reader, keypad, screen, cash dispenser, and receipt printer.
Std 12 Computer Chapter 5 Introduction to Mcommerce (Part 3 Electronic Payme...
Std 12 Computer Chapter 5 Introduction to Mcommerce (Part 3 Electronic Payment System)
Payment in Ecommerce/Mcommerce
Traditional vs. Electronic Payment System
Credit Card
Debit Card
Smart Card
Charge Card
Net Banking
Electronic Fund Transfer (EFT)
E-Wallet
RuPay
Digital banking
This document discusses various electronic payment systems used in banking. It begins by defining banking and describing how banking services have expanded over time to include debit/credit cards, ATM services, online fund transfers. It then discusses core banking functions like accessing accounts from any location. Other sections cover virtual banking without physical branches, various payment systems like ATM cards, credit cards, debit cards and electronic fund transfers. Mobile banking and online shopping are also summarized. The document concludes by describing internet banking and its history and procedures.
21 banking terms that you need to know
This document defines 21 banking terms including:
- 3D Secure which requires online users to provide banking password or PIN to verify transactions.
- ATM which stands for automated teller machine, more commonly called a cash machine in the UK.
- BACS which is the system banks use to make direct transfers between accounts for debit and credit transfers.
- Card security code which is the 3-digit number on credit/debit cards used for online payments.
- Mobile banking which refers to checking balances, transferring money or making payments using a mobile device.
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Std 12 Computer Chapter 5 Introduction to Mcommerce (Part 3 Electronic Payme...
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[ICT] Banking & Technology
- 2. Electronic Funds Transfer EFT Payment by Chip & PIN Transferring money from one account to another ~AN~
- 3. Automated Teller Machine ATM Special machines that release money and debit from an account Usually installed in public places May also provide some basic banking facilities and/or bill payment facilities ~AN~
- 4. Credit & Debit Cards Used as an alternative to cash Allows stores and organisations to debit money from an account for goods or services Customers have a card and a PIN number When the card scanned, PIN entered correctly, amount is deducted from customer’s account ~AN~
- 5. Modern Communication Methods & Banking Telephone Banking Done via either a conversation with a banking call center or an automated system that responds using voice recognition software or telephone keypad choices. Internet Banking Account details are accessed through a secure webpage that provides direct access. Secure login and password must be setup before use. ~AN~
- 6. Modern Communication Methods & Banking Mobile Banking Banking apps No need for computer and browser ~AN~
- 7. Modern E-Banking Methods Advantages Disadvantages Instant access without having to visit a branch in person Identity theft a concern as banks may rarely see customers Money can be transferred instantaneously to anywhere Mobile phone access requires a reliable data connection Transactions can be checked instantly Users are constantly sent spam emails asking them to give away their login details, called phishing Banks can spot fraudulent activity more quickly by analysing patterns in your spending. Those without internet access often miss out on latest deals and interest rates. ~AN~
Editor's Notes
- Ref : Colins Cambridge IGCSE ICT Pg 120-121