G.L.BAJAJ INSTITUTE OF TECHNOLOGY & MANAGEMENT,GR.NOIDA

BACHELOR OF TECHNOLOGY

INFORMATION TECHNOLOGY

A SEMINAR ON:

ELECTRONIC BANKING

BY :GAURAV KANODIaroll no:1219213047

it 3rd year (sec b)

INTRODUCTION:o Electronic 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.

INTRODUCTION:

• 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

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.

•ICICI was the first bank to initiate the Internet Banking Revolution in India as early as 1997 under the brand name Infinity.

• ICICI kicked off online banking way back in 1996. But even as a whole, 1996 to 1998 marked the adoption phase, while usage increased only in 1999-due to lower ISP online charges, increased PC Penetration and a Tech Friendly atmosphere.

History in india:

TYPES:

TYPES:

Internet Banking

SMS Banking

Automated teller machine

Tele banking

Plastic cards

E-cheque

Uses of types of banking

USER NAME

CUSTOMER’S BANKING PAGE:

working

Web server

Internet front officesystem

Bank back officesystem

Internet

Security subsystem

Branch office terminals

User

SSL connection

Transcational Tasks:

• Funds transfer between the customers linked accounts.

• Paying third parties, including bill payments & third party transfer.

• Investment purcahase or sale.• Loan applications and transcational.• Credit cards application.• Register utility billers & make bill

payments.

Non Transcational Tasks:

• Viewing account balances.• Viewing recent transcations.• Downloading bank statements.• Viewing Images of paid cheques.• Ordering cheque books.• Downloading periodic account

statements.• Downloading application for M-

banking,E-banking etc.

EXAMPLE:

HOW TO BOOK E-TICKET WITH THE HELP OF E-BANKING ???

ONLINE SHOPPING WITH THE HELP OF electronic banking

ADVANTAGES:• Any time banking• Any where banking• Cash free banking• Reduction in Cost of transaction• Easy to make utility payments• Lesser chances of fraud & misappropriation• On-line purchases• Competitive advantage• Unlimited network• Lesser work load• Better profitability• Better customer relationship

DRAWBACKS:• Difficult in the adoption of technology

• Fear of technology

• High cost of technology

• High cost of technology

• Lack of preparedness

• Restrictions on usage of technology

Issues in internet banking

Security Learning difficulties Lack of skilled personnel Technical breakdowns Long start up time inexpensive

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.

• 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.

• Nowadays, the banking institutions have come up with a number of safety measures for ensuring secure internet banking.

SECURITY RISK OF INTERNET BANKING

Use of Trojan Horse programs to capture user IDs and passwords.

Increasing number of fraudulent bank

websites.

Fake emails purporting to be sent from banks.

Hackers who hack into personal bank accounts and steal

money.

Fake Emails

Emails are send by Fraudulent bank.

Customer’s verify the personal information.

These Emails Guide customers and make them enter the fraud links.

Thereby Disclosing the customer’s ATM card numbers and their passwords

This method is also known as Phishing. In the field of computer security, phishing is the criminally fraudulent process of attempting to acquire sensitive information such as usernames, passwords and credit card details by masquerading as a trustworthy entity in an electronic communication

• Nowadays a large number of fraudulent

websites are coming up which aim to trick

persons into disclosing their sensitive

personal information.

Fraudulent Bank Websites

Viruses and Worms –Trojan Horse Program

Here is an example of this bank warning its customers of the fake emails they can receive:

conclusion

The strategy of bank is 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

Bibliography

1. www.en.wikipedia.org2. www.bing.com3. www.bankersonline.com4. www.ehow.com5. www.shareslide.net6. www.hdfcbank.com

Any questions???