E-Banking: A Comprehensive Overview
Class :III Sem B.Com Tax
LIGI JOLLY
Subject :IT in Business
ASSISTANT PROFESSOR
DEPARTMENT OF COMMERCE
N.S.S. COLLEGE PANDALAM
CONCEPT of INTERNET BANKING
•
It is a system that provides the facility to the customers to conduct the
financial and non financial transactions from his home, with out
physically visiting the bank.
•
Also known as personal banking-internet banking-virtual banking-
home banking…etc
Characteristics
•
Removal of traditional geographic barrier
•
Provision of online banking services
•
Ensures security of banking transactions
•
Reduces the risk of loss of business
•
Saves time
E-banking Models
Information only system
Electronic information transfer system
Fully electronic transactional system
E-Banking Services
•
Bill payment services
•
Online Fund Transfer
•
Credit card Loans
•
Online Ticketing
•
Investments
•
Payments
•
Online shopping
•
Customer care
E-Banking Products
•
Debit card-It is a plastic card allows the customers to use funds against
his balance in the account.
•
Credit cards: It is a plastic card allows the customer to buy goods and
services based on his promise to pay for these goods and services
•
Smart cards: A card with embedded integrated circuits.
•
E-cash: Money or scrip exchanged only electronically.
Automated Teller Machine
(
ATM
)
•
An
Automated teller machine
(
ATM
) is an electronic
telecommunications device that enables customers of financial
institutions to perform financial transactions such as cash
withdrawals, deposits, transfer funds, or obtaining account
information, at any time and without the need for direct interaction
with bank staff.
Mobile Banking
•
Mobile banking
is a service provided by a bank or other financial
institutions that allows its customers to conduct financial trasnscations
remotely using a mobile devices such as a smart phones or tablet
Benefits of E-Banking
•
Simple to use
•
Less cost
•
Easy to view account
•
Balanced account
•
Any time access
•
Convenience
•
E-Banking products
•
Core Banking
Limitations of E-Banking
•
Availability of Internet facility
•
Knowledge regarding the operation of E-banking
•
Bank charges
•
Security threats
•
Hacking
•
Lack of flexibility in systems
Traditional Banking Vs. E-Banking
Explore the world of E-Banking with insights into Internet Banking, its characteristics, models, services, products like Debit and Credit cards, Smart cards, and E-cash. Learn about the convenience of ATM services and the evolution of Mobile Banking for a seamless financial experience. Dive into the removal of traditional barriers, online services, enhanced security measures, and time-saving benefits of E-Banking.
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Presentation Transcript
Class :III Sem B.Com Tax Subject :IT in Business LIGI JOLLY ASSISTANT PROFESSOR DEPARTMENT OF COMMERCE N.S.S. COLLEGE PANDALAM
CONCEPT of INTERNET BANKING It is a system that provides the facility to the customers to conduct the financial and non financial transactions from his home, with out physically visiting the bank. Also known as personal banking-internet banking-virtual banking- home banking etc
Characteristics Characteristics Removal of traditional geographic barrier Provision of online banking services Ensures security of banking transactions Reduces the risk of loss of business Saves time
E-banking Models Information only system Electronic information transfer system Fully electronic transactional system
E-Banking Services Bill payment services Online Fund Transfer Credit card Loans Online Ticketing Investments Payments Online shopping Customer care
E-Banking Products Debit card-It is a plastic card allows the customers to use funds against his balance in the account. Credit cards: It is a plastic card allows the customer to buy goods and services based on his promise to pay for these goods and services Smart cards: A card with embedded integrated circuits. E-cash: Money or scrip exchanged only electronically.
Automated Teller Machine (ATM) Automated teller machine (ATM) An is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions such as cash withdrawals, deposits, transfer funds, or obtaining account information, at any time and without the need for direct interaction with bank staff.
Mobile Banking Mobile banking is a service provided by a bank or other financial institutions that allows its customers to conduct financial trasnscations remotely using a mobile devices such as a smart phones or tablet
Benefits of E-Banking Simple to use Less cost Easy to view account Balanced account Any time access Convenience E-Banking products Core Banking
Limitations of E-Banking Availability of Internet facility Knowledge regarding the operation of E-banking Bank charges Security threats Hacking Lack of flexibility in systems
Traditional Banking Vs. E Traditional Banking Vs. E- -Banking Banking
