Internet Banking


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Internet Banking

  1. 1. Topic: internet banking Made by: sneha shetty
  2. 2. contents  History  Definition  Types  Services  Working  Advantages  Disadvantages  Security  Conclusion
  3. 3. 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.
  4. 4. 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.
  5. 5. 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.
  6. 6. TYPES  PC Banking  Digital TV Banking  Text Phone Banking  Internet Banking
  7. 7. Uses of types of banking
  8. 8. SERVICES Bill Payment Credit Card Insurance Customer services Recharging your prepaid phone Shopping
  9. 9. 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
  10. 10. working Web server Internet front office system Bank back office system Internet Security subsystem Branch office terminals User SSL connection
  11. 11. 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
  12. 12. advantages  Cost less  Transaction speed  Efficiency  Speed banking  Vast coverage
  13. 13. Issues in internet banking  Security  Learning difficulties  Lack of skilled personnel  Technical breakdowns  Long start up time  inexpensive
  14. 14. 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
  15. 15. 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
  16. 16. 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.
  17. 17. 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
  18. 18. Bibliography 1. 2. 3. 4. 5. 6.
  19. 19. Any questions???