Preview

E Banking

Powerful Essays
Open Document
Open Document
2993 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
E Banking
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

You May Also Find These Documents Helpful

  • Good Essays

    There are many advantages of electronic banking, also known as online banking, e-banking, personal computer banking, home banking, or internet banking. Some services that online banking offers include: Checking account balances, transferring funds between accounts, paying bills electronically, applying for loans, downloading account information, trading stocks or mutual funds, and viewing images of transactions. One advantage would be that it is available 24 hours a day. When working in a business you may need to access the account before the bank is open. Since some…

    • 521 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Student/Research Assistant

    • 5917 Words
    • 24 Pages

    Information technology adoption and its usage are becoming an essential feature in today’s development most especially in the banking sector. The use of Internet banking allows for detailed assesses of customers account, make necessary enquiries and undertake banking transaction. The usage…

    • 5917 Words
    • 24 Pages
    Powerful Essays
  • Good Essays

    10. Improving the quality and diversity of the range of services for individuals, small and medium-sized businesses, in raising the volume of transactions and the pursuit of cost reduction of managing business, increasing its level of technology and control.…

    • 1006 Words
    • 4 Pages
    Good Essays
  • Good Essays

    It provides some attractive features for the customers than those offered by traditional banking system such as to open an account; it takes less time than traditional system. Other services offered like free fund transfer and free payment cards etc. In case of traditional banking system a fund transfer, for instance, used to take several days in case it takes several months whereas electronic banking is capable to perform the same operations within few seconds. Customers are getting better services now because of the development of ICT in E-banking and so bank now can perform its function with high speed and accuracy.…

    • 1573 Words
    • 10 Pages
    Good Essays
  • Powerful Essays

    In recent years, the technological developments in information technology have lead to the evolution of a new concept in Banking Industry i.e. Mobile banking. Mobile banking is defined as the “type of execution of financial services in the course of which – within an electronic procedure – the customer uses mobile communication techniques in conjunction with mobile devices” (Pousttchi and Schurig 2004). Moreover, it is defined as “a channel whereby the customer interacts with a bank via a mobile device, such as a mobile phone or personal digital assistant” (Barnes and Corbitt 2003, Scornavacca and Barnes 2004). The evolution of Mobile…

    • 2209 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    In a typical e-banking transaction, customers’ requests for online banking information are passed on from web server to the bank’s e-banking server through the www interface. These requests pass through a firewall before they reach the e-banking server. The customer information database is stored on a bank’s server. When customer requests reach the e-banking server, it passes the requests to the bank server holding customer database. The database provides the required information to the e-banking server, which is in turn passed on to the web server, through the firewall, from where the customer is able to access it.…

    • 1329 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    E-banking can be offered in two main ways. First, an existing bank with physical offices can also establish an online site and offer e-banking services to its customers in addition to the regular channel. For example, Citibank is a leader in e-banking, offering walk-in, face-to-face banking at its branches throughout many parts of the world as well as e-banking services through the World Wide Web. Citibank customers can access their bank accounts through the Internet, and in addition to the core e-banking services such as account balance inquiry, funds transfer, and electronic bill payment, Citibank also provides premium services including financial calculators, online stock quotes, brokerage services, and insurance.…

    • 3773 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    Roles of Ict in Banking

    • 697 Words
    • 3 Pages

    The phenomenal success of ATMs had made the banking sector develop more innovative delivery channels to build on cost and service efficiencies. As a consequence, banks have introduced telebanking, call centers, Internet banking, and mobile banking. Telebanking is a good medium for customers to make…

    • 697 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    In recent times, there has been a keen competition in the delivery of financial service or products which has resulted in financial institutions, especially banks, to developing and making use of alternative delivery channels to enhance their activities, increase profitability and in all, gain competitive advantage. These activities may include: retrieving an account balance, money transfers to and from a user’s accounts, retrieving an account history. Some institutions also allow services such as stock market transactions, and the submission of standardized accounting payment files for transfers to third parties (Claessens et al., 2002). This has generated the use of alternative technological means or channels. The most recently introduced delivery channel is online or electronic banking also known as e-banking (Daniel & Storey, 1997. An online or electronic banking system provides easy means of accessing and processing financial transactions. Banks and other financial institutions have moved to e-banking in their efforts to cut costs while maintaining reliable customer service (Kolodinsky and Hogarth, 2001).…

    • 1832 Words
    • 8 Pages
    Powerful Essays
  • Best Essays

    Security of transaction has been in the limelight as a major concern among the e-bank’s account holders. Due to the open nature of the Internet, confidentiality of data and integrity of the system and data are other emerging concerns among the end-users[1] (Benjamin M. Friedman, 2000). Certain risks particularly governance, legal, operational, and reputational, that was inherent in traditional banking has been exacerbated to a large extend with the advent of e-banking[2] (World…

    • 2660 Words
    • 11 Pages
    Best Essays
  • Good Essays

    Thesis Paper on E Banking

    • 10176 Words
    • 41 Pages

    I have done my thesis on “Electronic Banking, studied on different banks, books, papers and journals from Internet. I also interviewed people related to the topic. I tried my level best to analyze the information from an impartial view. I was provided necessary supports from related authorities and my beloved university. I strongly believe that this study will enrich my knowledge in the very crucial area of Electronic Banking, which is the most vital element of future banking sector.…

    • 10176 Words
    • 41 Pages
    Good Essays
  • Best Essays

    Virtual Banks

    • 2386 Words
    • 10 Pages

    A virtual bank is one that exists online only in which nearly all financial transactions are conducted over the Internet. The differentiating factor for online banks is the absence of physical branches and ATMs. Also referred to as direct banks, these entities offer identical products and services to its compared to traditional “brick and mortar” institutions. This includes opening checking and high interest savings accounts with which bill payments, transfers, deposits and withdrawals can be made. Client’s can access money via partner ATMs or attain cash back at point of sale at certain merchants. Deposits are made directly, by mailing a check, and partner ATMs. Moreover, investments, lending products and professional advice can be acquired through the respective website.…

    • 2386 Words
    • 10 Pages
    Best Essays
  • Good Essays

    E-Banking

    • 14070 Words
    • 57 Pages

    As a specific case of E-Commerce, E-Banking is a typical service combining a communication and a distribution channel. E-Banking applications have had a continuous evolution over the time, from their apparition in the context of innovation in the banking sector to the relative standardisation and convergence of current state.…

    • 14070 Words
    • 57 Pages
    Good Essays
  • Good Essays

    E-Banking

    • 843 Words
    • 4 Pages

    There is no official definition of this term, but it generally implies a service that allows customers to use some form of computer to access account-specific information and possibly conduct transactions form a remote location – such as home or at the workplace. The obvious advantage to the consumer is convenience – one bank recently used the advertising motto “bank naked” to emphasize the customer’s freedom to conduct routine banking transactions from the comfort and security of his/her home 24×7.(Richard Insley)…

    • 843 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    E Banking

    • 3627 Words
    • 17 Pages

    find are internet-only banks, which operate specifically online. Customers can get the same services online that…

    • 3627 Words
    • 17 Pages
    Powerful Essays

Related Topics