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PAPER PRESENTATION ON
INTERNET BANKING
PRESENTED BY

SURESH KUMAR
ASST. PROFESSOR
INTERNET BANKING
INTRODUCTION
Internet banking refers to
the
banking
services
provided by the banks over
the internet
E-Banking includes:
Paying of bills
Fund Transfer
Viewing Account Statement etc…
FEATURES OF
INTERNET-BANKING
 Removes traditional geographical barriers
 Security of banking transaction
 Efficient and cost effective delivery mechanism
 Enable to perform non-transactional tasks
 Enable to transact banking task
TO ACCESS
ON-LINE BANKING
 Go to the financial institution’s website enter the

online banking facility and use the customer
number and password…
EXPERIENCE OF VARIOUS COUNTRIES
AS FOR AS INTERNET BANKING IS
CONCERN…
 UK

Offers transactional services(through wider range of

channels)
 USA

Number of financial institution with
transactional web-sites is 1275
EXPERIENCE OF VARIOUS COUNTRIES
AS FOR AS INTERNET BANKING IS
CONCERN…
 SWEDEN

Swedbank was the first bank to introduce EBPP
(Handles 2million bill payment a month)
 AUSTRALIA
Web based and through the
provision of proprietary software
 INDIA
7% of the account holders are using E-banking
Source: Report by global management consultancy Mckinsey & company
TYPE OF RISK ASSOCIATED
WITH INTERNET BANKING
 OPERATIONAL RISK
 SECURITY RISK
 REPUTATIONAL RISK
 LEGAL RISK
ADVANTAGES OF E-BANKING
 CONVENIENCE

 AVAILABILITY
 EFFICIENT
 KEEPS ACCOUNT SAFE
 SERVICES
 MOBILITY
DISADVANTAGES OF
E-BANKING
 Usage difficult for beginner
 Without internet e-banking may not useful
 Security of transaction is big issue
 Password security is a must
 Incase of
 loss of internet connectivity
 slow connection
 bank server down- internet banking cannot be

useful
TIPS FOR SAFE BANKING
OVER THE INTERNET
 Confirm that an online bank is

legitimate
 Read key information about the bank
posted on its Web site and protect yourself
 Verify the bank’s insurance status
 To verify a bank’s insurance status, look for the familiar

FDIC logo
 You can search for an institution by going to the

FDIC’s home page at www.fdic.gov and selecting
“Is My Bank Insured?”
TIPS FOR SAFE BANKING
OVER THE INTERNET
 Learn how to safeguard your banking information,

credit card numbers, debit card pin numbers, Social
Security Number and other personal data.
 Where to file a complaint
 If you are not certain where to file your complaint, you

may contact any of the agencies listed below
 Federal Deposit Insurance Corporation:
www.fdic.gov/starsmail
 Office of the Comptroller of the Currency (e-mail):
customer.assistance@occ.treas.gov
CONCLUSION
Internet Banking is definitely a significant

more in right direction as for as the convenience
of customer and banker are concerned, but it
must be applied with adequate precaution to

avoid falling pray to unscrupulous elements
poaching the Internet
THANK YOU
HAVE A PLEASANT DAY

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Paper presentation on internet banking

  • 1. PAPER PRESENTATION ON INTERNET BANKING PRESENTED BY SURESH KUMAR ASST. PROFESSOR
  • 2. INTERNET BANKING INTRODUCTION Internet banking refers to the banking services provided by the banks over the internet E-Banking includes: Paying of bills Fund Transfer Viewing Account Statement etc…
  • 3. FEATURES OF INTERNET-BANKING  Removes traditional geographical barriers  Security of banking transaction  Efficient and cost effective delivery mechanism  Enable to perform non-transactional tasks  Enable to transact banking task
  • 4. TO ACCESS ON-LINE BANKING  Go to the financial institution’s website enter the online banking facility and use the customer number and password…
  • 5. EXPERIENCE OF VARIOUS COUNTRIES AS FOR AS INTERNET BANKING IS CONCERN…  UK Offers transactional services(through wider range of channels)  USA Number of financial institution with transactional web-sites is 1275
  • 6. EXPERIENCE OF VARIOUS COUNTRIES AS FOR AS INTERNET BANKING IS CONCERN…  SWEDEN Swedbank was the first bank to introduce EBPP (Handles 2million bill payment a month)  AUSTRALIA Web based and through the provision of proprietary software  INDIA 7% of the account holders are using E-banking Source: Report by global management consultancy Mckinsey & company
  • 7. TYPE OF RISK ASSOCIATED WITH INTERNET BANKING  OPERATIONAL RISK  SECURITY RISK  REPUTATIONAL RISK  LEGAL RISK
  • 8. ADVANTAGES OF E-BANKING  CONVENIENCE  AVAILABILITY  EFFICIENT  KEEPS ACCOUNT SAFE  SERVICES  MOBILITY
  • 9. DISADVANTAGES OF E-BANKING  Usage difficult for beginner  Without internet e-banking may not useful  Security of transaction is big issue  Password security is a must  Incase of  loss of internet connectivity  slow connection  bank server down- internet banking cannot be useful
  • 10. TIPS FOR SAFE BANKING OVER THE INTERNET  Confirm that an online bank is legitimate  Read key information about the bank posted on its Web site and protect yourself  Verify the bank’s insurance status  To verify a bank’s insurance status, look for the familiar FDIC logo  You can search for an institution by going to the FDIC’s home page at www.fdic.gov and selecting “Is My Bank Insured?”
  • 11. TIPS FOR SAFE BANKING OVER THE INTERNET  Learn how to safeguard your banking information, credit card numbers, debit card pin numbers, Social Security Number and other personal data.  Where to file a complaint  If you are not certain where to file your complaint, you may contact any of the agencies listed below  Federal Deposit Insurance Corporation: www.fdic.gov/starsmail  Office of the Comptroller of the Currency (e-mail): customer.assistance@occ.treas.gov
  • 12. CONCLUSION Internet Banking is definitely a significant more in right direction as for as the convenience of customer and banker are concerned, but it must be applied with adequate precaution to avoid falling pray to unscrupulous elements poaching the Internet
  • 13. THANK YOU HAVE A PLEASANT DAY