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Internet Banking

Internet banking allows customers to access bank accounts and conduct transactions online rather than visiting a physical bank location. It started in 1981 when major New York banks offered home banking services using videotext systems. Internet banking provides services like bill payment, credit cards, insurance, and more. While convenient, it also presents security risks that banks try to mitigate using measures like encryption and monitoring for fraudulent activities.

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Arpita barik
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© © All Rights Reserved
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Download as PPTX, PDF, TXT or read online on Scribd
564 views

Internet Banking

Internet banking allows customers to access bank accounts and conduct transactions online rather than visiting a physical bank location. It started in 1981 when major New York banks offered home banking services using videotext systems. Internet banking provides services like bill payment, credit cards, insurance, and more. While convenient, it also presents security risks that banks try to mitigate using measures like encryption and monitoring for fraudulent activities.

Uploaded by

Arpita barik
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
You are on page 1/ 16

INTERNET BANKING

PRESENTED
BY:
ARPITA BARIK
CONTENTS
• History
• Definition
• Types
• Services
• Working
• Advantages
• Disadvantages
• Security
• Conclusion
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 ?
•  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.
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 Payment
• Credit Card
• Insurance
• Customer services
• Recharging your prepaid phone
• Shopping
STEPS TO ACCESS THE
INTERNET BANKING
• 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
APPLICATION SERVICE
PROVIDER
• 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
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.
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

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