Paper presentation on internet banking
-
Upload
suresh-kumar -
Category
Business
-
view
770 -
download
3
Transcript of Paper presentation on internet banking
PRESENTED BY
SURESH KUMAR
ASST. PROFESSOR
PAPER PRESENTATION ON INTERNET BANKING
INTERNET BANKINGINTRODUCTION
Internet banking refers to the banking services provided by the banks over the internet
E-Banking includes:Paying of billsFund TransferViewing Account Statement
etc…
FEATURES OF INTERNET-BANKING
Removes traditional geographical barriers
Security of banking transaction
Efficient and cost effective delivery
mechanism
Enable to perform non-transactional tasks
Enable to transact banking task
TO ACCESS ON-LINE BANKING
Go to the financial institution’s website
enter the online banking facility and use
the customer number and password…
EXPERIENCE OF VARIOUS COUNTRIES AS FOR AS INTERNET BANKING IS CONCERN…
UK
Offers transactional services(through wider
range of channels)
USA
Number of financial institution with
transactional web-sites is 1275
EXPERIENCE OF VARIOUS COUNTRIES AS FOR AS INTERNET BANKING IS CONCERN…
SWEDENSwedbank was the first bank to introduce EBPP(Handles 2million bill payment a month)AUSTRALIA
Web based and through the provision of proprietary software
INDIA7% of the account holders are using E-bankingSource: Report by global management consultancy Mckinsey & company
TYPE OF RISK ASSOCIATED WITH INTERNET BANKING
OPERATIONAL RISK
SECURITY RISK
REPUTATIONAL RISK
LEGAL RISK
ADVANTAGES OF E-BANKING
CONVENIENCE
AVAILABILITY
EFFICIENT
KEEPS ACCOUNT SAFE
SERVICES
MOBILITY
DISADVANTAGES OF E-BANKINGUsage difficult for beginnerWithout internet e-banking may not usefulSecurity of transaction is big issuePassword security is a mustIncase of
loss of internet connectivityslow connectionbank server down- internet banking cannot
be useful
TIPS FOR SAFE BANKING OVER THE INTERNET Confirm that an online bank is
legitimate Read key information about the bank
posted on its Web site and protect yourself
Verify the bank’s insurance status To verify a bank’s insurance status, look for the
familiar FDIC logo
You can search for an institution by going to the FDIC’s home page at www.fdic.gov and selecting “Is My Bank Insured?”
TIPS FOR SAFE BANKING OVER THE INTERNET Learn how to safeguard your banking
information, credit card numbers, debit card pin numbers, Social Security Number and other personal data.
Where to file a complaint If you are not certain where to file your
complaint, you may contact any of the agencies listed below
Federal Deposit Insurance Corporation:www.fdic.gov/starsmailOffice of the Comptroller of the Currency (e-
mail):[email protected]
CONCLUSION
Internet Banking is definitely a significant
more in right direction as for as the
convenience of customer and banker are
concerned, but it must be applied with
adequate precaution to avoid falling pray to
unscrupulous elements poaching the Internet
THANK YOUHAVE A PLEASANT DAY