Online Banking

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  • Topic: Online banking, Bank, Credit union
  • Pages : 18 (5944 words )
  • Download(s) : 257
  • Published : March 23, 2013
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Table of contents
1. Abstract…………………………………………………………………………………......2 2. Introduction…………………………………………………………………………………3 3. Group Assignment
4.1. Functionality…………………………………………………………………….........7 4.2. Advantages…………………………………………………………………………....9 4.3. Disadvantages……………………………………………………………………….12 4.4. Impact of the Technology…………………………………………………………...13 4.5. Conclusion…………………………………………………………………………..14 4.6. References…………………………………………………………………………...15 4. Individual Assignment

5.7. Human Aspect of Computing……………………………………………………….17 5.8.1. Recommendation………………………………………………………….......19 5.8.2. References…………………………………………………………………….19 5.8. Security Issue……………………………………………………..............................20 5.9.3. Recommendation……………………………………………………………...22 5.9. Real-time Systems…………………………………..................................................23 5.10.4. Recommendation……………………………………………………………...25 5.10.5. References…………………………………………………………………….25 5. Group Task Report………………………………………………………………………...26

Abstract

Today, technology is part of our life and certainly, it effect on all the matters of our life. It can help us to live easier and more comfortable. It even effect on how we communicate with and how we do trades and businesses with each other. One of the inseparable parts of technology that we use is E-banking. It’s one of the most important parts of effect of technology on our life. Day by day it become bigger and more complicate, we must study on it and know the advantages and disadvantages of this new technology if we want to get more benefit of it. In this research we are going to explain what exactly Electronic banking means and explain the definition of E-banking and talk about it problem and benefit for us. We are going to explain the advantages and disadvantages of this new technology and give some recommendation about it problems. We are going to talk about it functionality and know about that where we should use this technology to get more benefits.

Introduction

* E-Banking
It is an umbrella term for the process by which a customer may perform banking transactions electronically without visiting a brick-and-mortar institution. The following terms all refer to one form or another of electronic banking: personal computer (PC) banking, Internet banking, virtual banking, online banking, home banking, remote electronic banking, and phone banking. PC banking and Internet or online banking is the most frequently used designations. It should be noted, however, that the terms used to describe the various types of electronic banking are often used interchangeably.

* Guide to E-Banking
With the improvement of online banking, you don’t have to do all yours banking in person. No more waiting in the lines. No more dealing with bank officer. Online Banking gives you this chance to sit at home on your sofa and access to your account 24/7. You can transfer money from an online account to another one or get information about certain check has cleared or not. In this way your Personal Computer becomes a virtual bank. Ready to Cooperation you with your banking needs.

Common E-Banking Services
Retail Services| Wholesale Services|
Account management| Account management|
Bill payment and presentment| Cash management|
New account opening| Small business loan applications, approvals, or advances| Consumer wire transfers| |
Investment/Brokerage services| Commercial wire transfers| Loan application and approval| Business-to-business payments| Account aggregation| Employee benefits/pension administration| You may hear electronic banking as a different names like: Online Banking, Home Banking, Internet Banking or PC Banking. They are simply different names for same product. You’ll need two things to banking online: a Personal Computer and a modem connected to phone line. If you use your bank’s...
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