NEW TECHNOLOGIES IN BANKING TABLE OF CONTENTS TABLE OF CONTENTS 2 EXECUTIVE SUMMARY 3 INTRODUCTION 4 MOBILE PAYMENTS 5 1. Premium SMS based transactional payments 6 2. Direct Mobile Billing 6 3. Mobile web payments (WAP) 6 4. Contactless NFC (Near Field Communication) 7 5. M-payments vs. Current payment methods 7 FINGERPRINT 8 1. Recognition Process 8 2. Fingerprints in banks 8 2.1 Benefits 9 2.2 Problem 9 IRIS SCAN 10 1. Description 10 2. Why or why not use Iris can 10 3. Implementation
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The impact of IT in efficiency and effectiveness of banking sector in Sri Lanka THE INFORMATION TECHNOLOGY AND ITS IMPACT IN EFFICIENCY AND EFFECTIVENESS OF THE BANKING SECTOR IN SRI LANKA (WITH REFERNCE TO PEOPLE’S BANK AND PLC COMMERCIAL BANK PLC IN SRI LANKA) AUTHOR: M.R.M. FAZMEER 2005/2006 FMC SOUTH EASTERN UNIVERSITY OF SRI LANKA What is information technology? The study or use of computers and telecommunications for storing and sending Information (Oxford dictionary‚ 2003) “The information
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The Impact of Technology on Our Lives: Technology surrounds almost every aspect of our lives today. It is responsible for the revolution in the fields of manufacturing‚ agriculture‚ medicine‚ communication‚ education‚ information‚ transportation‚ finance and more. The astounding development of technology has drastically changed the lifestyle of people in society. The progress of technology can have both good and bad implications. In many ways‚ it simplifies life and has beneficial effects on
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In terms of technology being used‚ Philippine banks are at par with other banks in the Asia-Pacific region‚ according to one of the top business solutions provider in the United States. “In two to three years’ time‚ the Philippines may become among the countries that have a topnotch banking industry‚” said Francois Denimal‚ Sungard director for sales said. Sungard operates in 30 countries including the Philippines. Denimal said that at the rate the banks are growing‚ financial institutions
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introduced called technology. Some people thought that technology was the new solution to better the world. Others thought the idea was flawed and were leery of technical advances. A study taken in 2000 by the Bureau of Labor Statistics showed that 48% of home owners had a computer. Another survey taken in 2008 showed a whopping 27% increase in computer owners. Through research‚ several detrimental effects have occurred because of technology. With all the constant advances in technology‚ the older models
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Amaia Soto NEGATIVE EFFECTS OF TECHNOLOGY The advantages of technology are undeniable‚ electronic devices make our life much easier as we can save time and money when using them: cars‚ microwaves‚ mobile phones… In contrast‚ there are a lot of disadvantages that we don’t take into account. The recession is not the only cause of unemployment: technology has enabled multinational companies to replace their workers with machines. This business process has created job redundancies and downsizing. In
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INTRODUCTION…………………………………………………………………………….. 2 CHAPTER 1. History of technology ………………………………………………………….. 3 1.1. Stone Age……………………………………………………………………………. 3 1.2. Bronze Age…………………………………………………………………………... 4 1.3. Iron Age……………………………………………………………………………… 5 CHAPTER 2. Technologies impact on society and businesses ……………………………….. 6 1.1. Impact on parenting and children…………………………………………………… 6 1.2. Medical technology and health concerns……………………………………………. 7 1.3. Technology in business………………………………………………………………
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Technology‚ in the past century has taken an explosive leap into society as a whole‚ engulfing our lives and organisations. Such technologies as machines for assembly lines‚ computers and of course just recently high speed internet connections. This introduction of new technologies has severely impacted organisations‚ which has caused managers to adapt accordingly. In doing so they are following a very innovative trend which may‚ in turn‚ put them in a spot of competitive advantage. This issue
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Impact of Technology Every day we cannot live without technology. We wake up in the morning‚ we take a bath‚ we have breakfast‚ we do our daily activities‚ and all are affected by something called technology. From the simplest form of it until the most complex one‚ technology filled our daily life. The famous phrase "Information Technology" of course is one of the forms of technology. Before we continue talking about technology‚ we must know its definition. Shortly‚ technology is something related
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impCRTThe Impact of Technology Many factors can impact on jobs in the future and technology is definitely one of them. With technology advancing at our current rate‚ it is a known fact that many jobs would be extinct in the future. In the future‚ machines would take over humans in factories. Since machines are quicker‚ more accurate and you don’t have to pay them for the work they do. Whereas humans can make mistakes‚ slower‚ and greedy. They want more money. When cars were invented‚ it was
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