banking& mobile banking

8/4/2019 Banking& Mobile Banking

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Recent trends in E-Banking and

mobile Banking

SATISH VERMA


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MOBILE BANKING

INTERNET BANKING


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Mobile Banking

The perfect balance of mobileconvenience and accountholder activated securityfeatures


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Until now, you have had to depend upon banks to conductyour banking transactions and to keep your account secure.

Now, with your cell phone, you can instantly conductbanking transactions and secure your own accounts.

You receive instant text messages on any transactionactivity against your account, including your current account

balance.

Your available options on account notifications are

Mobile Banking Features


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The first step to security is

awareness. It is nearlyimpossible to take effectiveaction if you dont know thatunauthorized activity has takenplace on your account until yourstatement has been received

30+ days later.

You can be notified whenever a

card not present purchase has

been made (typically an

Internet, or phone

purchase)



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when account

balance has dropped

below a pre-determined level you

have established



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when adeposit ortransfer has

been credited toyour account



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or you can choose toreceive a notificationwhenever any purchase

is made on your cardaccount



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in addition to purchases,you will receive notification

of any ATM withdrawals



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Or for the ultimate in security, you can

instantly disable* (toggle off) your account

with your cell phone, and you can as quickly

turn it back on (toggle on) when you are readyto make a purchase...

*No new purchases can be made when account is toggled off. Transfers

to the account, deposits, auto-bill pay remain active.



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You can even benotified if there is anattempted use whileyour card is toggled off(disabled)!



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Account-to-Account transfers

The account-to-account transfer feature enables you to useyour cell phone to instantly transfer money to other account

holders, and to make purchases or payments.

These transfers can be made by typing in either the recipientscell phone number or their card account number.

You can receive an instant transfer of funds to your account bysimply providing the sender your cell phone number.



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Subordinate card issuance and controls

A primary account holder can have subordinate cards issued in the name of

the card user. Subordinate cards can be controlled by the primary, includinglimits of usage.

The most common issuance of a subordinate account is for a minor child(13+). Parents may exercise controls over the card with instant notificationof usage.

Subordinate cards provide corporate expense controls for field staff orproject personnel. These accounts can even be used to automate expensereporting.

Now, with the Mobile Banking features, you can always know thebalance on the subordinate card, and be instantly notified of anyretail, Internet, or phone purchases, ATM withdrawals, and receiptof deposits and transfers.



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Mobile Banking blends our state-of-the art secured

banking and payment technologies with mobile phones.

Now you are in control,and it wont cost you a penny!*

Which features would

you like today?


* Text message carrier fees may apply


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E-BANKINGCombination of the two term

Electronic technology &

Banking.

Process by which a customer performs bankingtransactions electronically

E-Banking denotes the provision of banking and related

services through extensive use of information

technology.


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CHANNELS IN E-BANKING

AUTOMATED TELLER MACHINE (ATM)

TELE-BANKING OR PHONE BANKING


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What is E-banking? :

What is E-banking?

The provision of banking service throughelectronic channels and the customer canaccess the data without time andgeographical limitation.


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Different services provided under e-banking :

ONLINE BILL PAYMENT

SHOPPING

TICKET BOOKING

PRE PAID MOBILE RECHARGE

PERSONAL HOME PAGEINVESTMENT SERVICES

ONLINE APPLICATIONS


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Advantages of E-banking :

Benefits for Banks :

Benefits for Banks Larger customercoverage Reducing the costs of operationsPromoting their services and products

internationally Increasing the customersatisfaction and providing a personalizedrelationship with customers


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Benefits for Small to MediumBusinesses :

Benefits for Small to Medium Businesses Torun its operations more effectively Lower

cost than traditional financial managementmechanisms


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Benefits for Customers :

Benefits for Customers Communicationcommunicate easily Environmental

Abolishing the uses of paper Others -Offering one-stop-shop

Benefits for Customers :

Benefits for Customers Convenience 24hours a day, seven days a week Cost

Reducing transfer fees Speed Fastercirculation of assets Competitiveness -Fostering competition in financial market

solutions


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Disadvantages OF E-banking

Disadvantages OF E-banking A need for

customer skill to deal with computers andbrowsers. E.g. Elderly, Housewives Inconvenient Site change it will make the

customer have some confusion or delay.Security Risk


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Security Risk :

Security Risk Increasing number offraudulent bank websites Fake emailspurporting to be sent from banks Use of

Trojan Horse programs to capture user IDsand passwords


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Fraudulent Bank Websites :

Fraudulent Bank Websites A suspicious bankwebsite:www.sbionline.com Original bankwebsitewww.onlinesbi.com These website are

believed to aim to trick persons into disclosingtheir sensitive personal information


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Fake e-mails :

Fake e-mails Email send fromFraudulentbank Verify the personal information Guide

customerenter the fraud link Disclosing theirATM card numbers and their passwords


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Viruses and Worms-Trojan HorseProgram :

Viruses and Worms-Trojan Horse ProgramWhen we open some suspiciouswebsites or

email Trojan Horse Programwill install ourcomputer secretly Hidden in the computerWhen you access bank websites Captureour account andthe password


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Precautions-Persecutions For Bank: Should provide specific

guidance to their customersFor Customers : Should not disclose their customer

IDs (e.g., account numbers) or passwords to anyoneelse. Periodically change their passwords Shouldpromptly log out from the service Should regularlycheck their account balances and statements toidentify unusual transactions.

Do not access Corporate Cyber banking through publicterminals. To safeguard your computer from any otherhacker attack, install anti-virus and anti-spywaresoftware on your computer and update it regularly.


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THANK YOU

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