e-banking for class 10 students
TRANSCRIPT
Topic: internet banking
Made by: Sarthak gupta
history
Online services started in New York in 1981 when four of the city’s major banks : Citibank Chase Manhattan Chemical Manufacturers Hanover offered home banking services using the videotext system.
What is internet banking
o Internet Banking allows you to conduct bank transactions online, instead of finding a bank and interacting with a teller.
o In a broad sense, it is the use of electronic means to transfer funds directly from one account to another, rather than by cheque or cash.
definition
A system of banking in which customers can view their account details, pay bills, and transfer money by means of the internet.
The remote delivery of new and traditional banking products and services through electronic delivery channels.
TYPES
PC Banking Digital TV Banking Text Phone Banking Internet Banking
Uses of types of banking
SERVICES
Bill PaymentCredit CardInsuranceCustomer servicesRecharging your prepaid phoneShopping
Step 1: Access Internet Banking - Obtain your User ID and Passwords.Step 2: Create your Own Unique User ID.Step 3: Link the Account Number to your User ID
Who can use internet banking
working
Web server
Internet front officesystem
Bank back officesystem
Internet
Security subsystem
Branch office terminals
User
SSL connection
First step in the setup process is making a plan.
1. What are the services to be installed?
2. What services bank could implement in-house?
3. What services we could implement through ASPs (out-of-house)?
4. Who are technology partners?
Application Service Providers
advantages
Cost less Transaction speed Efficiency Speed banking Vast coverage
Issues in internet banking
Security Learning difficulties Lack of skilled personnel Technical breakdowns Long start up time inexpensive
Security risks
Increasing number of fraudulent websites
Fake emails purporting to be sent from banks
Use of trojan horse programs to capture user ids and password
PROBLEMS
Spoofing
“How can I reassure customers who come to my
site that they are doing business with me, not with a fake set up to steal their
credit card numbers?”
EavesdroppingData Alteration
“How can I be certain that my personal information is not altered by online eavesdroppers when
they enter into a secure transaction on the Web?”
“How can I be certain that my customers’ account
number information is not accessible to online
eavesdroppers when they enter into a secure
transaction on the Web?”
Security Problems
security
• Ensuring security while banking online, is to keep your password and pin number a secret.
• The security of your personal computer is very important for safe internet banking. Therefore, always install antivirus software and software to remove spyware.
• Checking your bank statements regularly will help you detect any transaction that has taken place without your knowledge.