E Banking

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  • Topic: Bank, Online banking, Credit union
  • Pages : 10 (2993 words )
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  • Published : April 27, 2013
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E-Banking

2013

4/6/2013

Table contents:
Introduction ……………………………………………………………...1 Definition …………………………………………………………………1 How to use e-Banking…………………………………………………….2 Types of E-Banking……………………………………………………….2, 3 Why of e-Banking………………………………………………………...3 Popular services of E-Banking…………………………………………..3, 4 Mains function of e-banking………………………………………………4, 5 Advantages of E-Banking…………………………………………………5 Disadvantage of e-banking……………………………………………….5, 6 Features of e banking……………………………………………………..6, 7 Trends of e-banking …………………………………………….7 Tools and software ………………………………………………………….7,8 Reference……………………………………………………………………9

Introduction:
With the rapid advancement of technology and the diversity of the areas that contain and aimed a first degree to serve people efficiently and high quality in terms of facilitating transactions, to provide the best services with minimal effort and cost and in record time.

According to this principle, most government institutions and private companies and institutions working hard to provide services according to the progress technological and proceeded local and international banks to develop the so-called electronic banks The electronic interface to the banks providing services.

E-banking (or Internet banking or Online banking):
E-banking is defined by conducted the completing bank transactions by directly accessing the bank through Internet with a computer or by using a phone that has Internet features. Now, e –banking enable customers access many different services online, which makes physical banks open even after office hours. In means of offline banking is becoming to be online banking while physical banks are not opened (out of office hours), so customers do not need to go to the banks or call them any more unless there is an issue that cannot be handled online. This type of banking takes place through a portal, through which customers can use different kinds of banking services. Customers can use digital signatures, manage personal accounts, transfer funds, also enable customers to conduct financial transactions on a secure website operated by the institution, which can be a retail or virtual bank, credit union or building society.

How to use e-Banking:
To access a financial institution's online banking facility, a customer having personal Internet access must register with the institution for the service, and set up some password (under various names) for customer verification. The password for online banking is normally not the same as for telephone banking. Financial institutions now routinely allocate customer numbers (also under various names), whether or not customers intend to access their online banking facility. Customer numbers are normally not the same as account numbers, because a number of accounts can be linked to the one customer number. The customer will link to the customer number any of those accounts which the customer controls, which may be cheque, savings, loan, credit card and other accounts. Customer numbers will also not be the same as any debit or credit card issued by the financial institution to the customer.[8] Types of E-Banking:

There are different types of e-banking. They can be process-based as with ATM transactions, home banking transactions, phone-banking transactions, and Internet transactions.

1. ATM (Automatic Teller Machine)
Automated teller machines work 24 hours a day, and are located in many different places, especially in the most populated places, which makes them easy to find. Using an ATM requires an ATM card and a personal PIN allowing customers secure 24 hour access to banking services such as deposits, withdrawals, transfers, inquiries about account balances, requests for cheque books, account statements, direct deposits.

2. Telephone Banking
By the 1970s consumers were able to use their old system home phones to dial the phone to check their balances, transfer funds, and pay bills. Telephone banking allows...
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