Internet Banking
Internet Banking
(with examples from Developed vs Developing Countries)
Presented to: Bert Lind Presented by: Group No.1 • S101417 Shahid Javed • S104503 Mumtaz Ali • S104451 Asif Iqbal • S101291 Mm Mudassar • S101659 Muhammad Shahzad
Abstract
We have discussed internet banking and security issues. Then we have given comparison of internet banking in developed countries and developing countries on the basis of security and infrastructure issues. Examples of banks are given from Pakistan (HSBC) and Sweden (Nordea). And services of both banks are compared on the basis of infrastructure and security issues.
Introduction
Internet banking enables users to make financial transactions on a secure website operated by their bank. Banking some around or yet in some underdeveloped countries, bank transaction is done by paper work e.g. using cheaque Book to withdraw cash, but with the passage of time when Information Technology is so much in, then this paper work is seem to be hazard for an organization to maintain numbers of customer and also customer have no to stand in queue to just with draw cash then the Internet-Banking come to in origin.
Internet-Banking is easy to maintain by Bankers as well as by customer. Now a day’s customer also preferred those banks which provide Inter-Banking facility. So we can say that when IT and Bank work to gather then this terminology is called Internet-Banking.
At the beginning Internet banking was used mainly as an information presentation medium in which banks advertised their products and services on the Web sites. With the advancement of information technology and secured electronic transaction technologies, banks have started Internet banking both as a transactional as well as for advertisement purpose. Now writing checks, paying bills, transferring funds, printing statements, and inquiring about account balances is possible onlie. Internet banking is now “one stop service and information unit” that is giving great benefits to
(with examples from Developed vs Developing Countries)
Presented to: Bert Lind Presented by: Group No.1 • S101417 Shahid Javed • S104503 Mumtaz Ali • S104451 Asif Iqbal • S101291 Mm Mudassar • S101659 Muhammad Shahzad
Abstract
We have discussed internet banking and security issues. Then we have given comparison of internet banking in developed countries and developing countries on the basis of security and infrastructure issues. Examples of banks are given from Pakistan (HSBC) and Sweden (Nordea). And services of both banks are compared on the basis of infrastructure and security issues.
Introduction
Internet banking enables users to make financial transactions on a secure website operated by their bank. Banking some around or yet in some underdeveloped countries, bank transaction is done by paper work e.g. using cheaque Book to withdraw cash, but with the passage of time when Information Technology is so much in, then this paper work is seem to be hazard for an organization to maintain numbers of customer and also customer have no to stand in queue to just with draw cash then the Internet-Banking come to in origin.
Internet-Banking is easy to maintain by Bankers as well as by customer. Now a day’s customer also preferred those banks which provide Inter-Banking facility. So we can say that when IT and Bank work to gather then this terminology is called Internet-Banking.
At the beginning Internet banking was used mainly as an information presentation medium in which banks advertised their products and services on the Web sites. With the advancement of information technology and secured electronic transaction technologies, banks have started Internet banking both as a transactional as well as for advertisement purpose. Now writing checks, paying bills, transferring funds, printing statements, and inquiring about account balances is possible onlie. Internet banking is now “one stop service and information unit” that is giving great benefits to
References: 1. 2. 3. http://en.wikipedia.org/wiki/Online_banking (October 2010) Internet Banking in Pakistan by Shahzad Shariz 2006. Factors Influencing the Adoption of Internet Banking by Margaret Tan and Thompson S. H. Teo National University of Singapore. 4. Finance & Development by Saleh M Nsouli and Andrea Schaechter Washington. 5. 6. 7. The Ethics Of Ebanking by Dr. Lisa Harris and Dr. Laura J. Spence. http://www.hsbc.com.pk http://www.nordea.se