Internet Banking

In this presentation I described about Internet Banking, it's history, working, types, services, advantages, disadvantages etc.

1. Aman Singh Raghuvanshi BY Internet Banking असर ( ASR)

2. History Definition Types Services Working Advantages Disadvantages Security Conclusion Contents

3. O nline 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 . History

4. What is Internet B anking Internet Banking allows you to conduct bank transactions online, instead of finding a bank and interacting with a teller. 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.

5. 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.

6. TYPES PC Banking Digital TV Banking Text Phone Banking Internet Banking

7. SERVICES Viewing Account Balance Downloading Bank Statement Loan Applications and transactions Ordering Cheque book Bill Payment Credit Card Insurance Customer Service Recharge your phone Ticket Booking Shopping

8. How can use Internet Banking ? Step 1: Asses Internet Banking – Obtain your User ID and Password from bank. Step 2: Go to your Banks website. Step 3: Click on Login button. Step 4: Enter your User ID and Password. Then the home page will look like this

9. Data Flow Diagram of System Modules INTERNET BANKING T MONEY TRANSFER LOAN MODULE ACCOUNT HISTORY ACCOUNT OPENING NEW CUSTOMER DATA BALANCE ENQUIRY LOGIN MODULE

10. Web server Internet front office system Bank back office system Internet Security subsystem Branch office terminals User SSL connection Working

11. First step in the setup process is making a plan. What are the services to be installed? What services bank could implement in-house? What services we could implement through ASPs (out-of-house)? Who are technology partners? Application Service Providers

12. Advantages Any time banking Any where banking Cash free banking Easy to make utility payments Online Purchases Competitive Advantages Better Profitability Better Customer Relationship Cost less Transaction speed Efficiency Speed Banking Vast coverage Permanent access to the bank Very safe and secure method Security of account

13. Issues in Internet Banking Learning Difficulties Lack of skilled personals Technical Breakdowns Long startup time Necessity of the Internet Customer Care Services Security Issues Security Risk Increasing no of fraudulent websites. Fake email purporting to be sent from banks. Use of trojan horse programs to capture user IDs and Password.

14. PROBLEMS Spoofing Eavesdropping Data 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 “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?”

15. Security While banking through the internet, make sure that the banking session is secure. In addition, always remember to completely log off, after completing the banking session. 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. Nowadays, the banking institutions have come up with a number of safety measures for ensuring secure internet banking.

16. Conclusion Account Kit is very necessary for customers, in it they get all the things who helps them to use their account easily. Use of debit card is safer than carrying cash. The main advantages  of using  cheques  as a way of paying for goods and services are Safe, Trusted and Personalization The strategy of banks to provide value added services and products to the consumer, utilizing the internet extensively. The main aim of e-banking is to making transactions through online poses and make customer more beneficial.

17. T hank Y ou