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Electronic banking presentation
1. Electronic Banking
Kandel Chhabi lal
Basnet Gajendra
Robert SovĂk
Friedrich Kleist
2. Contents
⢠What is E-Banking
⢠Two approaches E-Banking
⢠E- banking devices
⢠Benefit of E-Banking
⢠Drawback of E-Banking
⢠Wireless banking
⢠Security features
⢠Simple safety measures
⢠Conclusion
⢠References
3. What is E-Banking?
⢠Electronic banking is defined as:
the automated delivery of new and
traditional banking products and services
directly to customers through electronic,
interactive communication channels.
4. Two approaches E-banking
1 Dial-in Approach:
Requires users to have a
separate finance software, so
that they can do all the process
offline and connect to the bank
just for transactions.
2 Internet Approach:
Users directly log on to their
bank website and complete all
their work online.
5. E- Banking devices
⢠Personal computers (PCs),
⢠Personal digital assistants (PDAs),
⢠Automated teller machines (ATMs), Kiosks,
⢠Touch tone telephones,
⢠Cellular and smart phones
6. Benefit of E-Banking
⢠Anytime banking ,and anywhere banking
⢠Online Banking is much cheaper for the bank. A
survey says that Online Banking costs only 10% of
branch services
⢠Reduction in cost of transaction
⢠Pay bills online there by saving postal services.
⢠Easy to make utility payment
⢠Online purchases
⢠The services are available seven days a week, 24
hours a day.
7. Drawback of E-banking
⢠Difficult in adoption technology
⢠Fear of technology
⢠High cost of technology
⢠Lack of preparedness
⢠Restriction on usage of technology
8. Wireless banking
⢠Wireless banking is gaining popularity.
⢠With a phone number and a special PIN number a
customer has access to his account balance from his
cellular device.
⢠Allows user to pay bills, transfer funds between
accounts and check accounts from anywhere.
⢠Banks like ÄeskĂĄ spoĹitelna, M-bank, CSOB bank
offers wireless banking in Czech Republic.
⢠Security is an important issue in Wireless Banking.
⢠Newsbytes reports that wireless banking users will
number over 50 million in the US by 2012 and in
Europe almost 70 million.
10. Security features
⢠Security is a primary concern in internet banking
⢠SSL (Secure Sockets Layer) protocol is used to
ensure data security between customerâs
browser and web server.
⢠SSL provides data encryption, data integrity and
server authentication.
⢠512 bit data encryption.
⢠Customer database is protected by double
firewalls.
12. Simple safety measures
⢠Change Your password
periodically.
⢠Review your bank accounts
frequently.
⢠Try to use low limit credit
card for internet
transactions
13. Conclusion
⢠The strategy of bank is to provide value added
services and products to the
customers, Utilizing the internet extensively.
⢠The main aim of e-banking is to making
transactions through online poses and make
costumer more benefical.