E-banking FOR CLASS 10 students
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The document discusses the history and development of internet banking. It began in 1981 when four major New York banks offered home banking services using videotext systems. Internet banking allows customers to conduct bank transactions online instead of visiting a physical bank. It involves using electronic means to transfer funds between accounts directly. The document then discusses definitions, types, services, steps for using internet banking, who can use it, how it works, advantages, issues, security risks, problems, and ways to ensure security while banking online.
E-banking FOR CLASS 10 students
- 1. Topic: internet banking Made by: Sarthak gupta
- 2. history Online services started in New York in 1981 when four of the citys major banks : Citibank Chase Manhattan Chemical Manufacturers Hanover offered home banking services using the videotext system.
- 3. 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.
- 4. 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.
- 5. TYPES PC Banking Digital TV Banking Text Phone Banking Internet Banking
- 6. Uses of types of banking
- 7. SERVICES Bill Payment Credit Card Insurance Customer services Recharging your prepaid phone Shopping
- 8. 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
- 9. working Web server Internet front office system Bank back office system Internet Security subsystem Branch office terminals User SSL connection
- 10. 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
- 11. advantages Cost less Transaction speed Efficiency Speed banking Vast coverage
- 12. Issues in internet banking Security Learning difficulties Lack of skilled personnel Technical breakdowns Long start up time inexpensive
- 13. 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
- 14. 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
- 15. 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.
Editor's Notes
- SARTHAKGUPTA.1553@REDIFFMAIL.COM