E - banking
E - banking
• On-line banking is a service that allows you to
conduct banking transactions over the Internet
using a personal computer, mobile telephone or
handheld computer.
• Internet banking (or E-banking) means any user
with a personal computer and a browser can get
connected to his bank website to perform any of
the virtual banking functions.
E-banking can be offered in two
main ways:
• Traditional banks
• Internet-only banks
Main concern of e-banking is
security
• Identification and authentication
• Encryption
• Firewalls
You can avail the following services
through e-banking:
• Bill payment service
• Fund transfer
• Credit card customers
• Investing through Internet banking
• Recharging your prepaid phone
• Shopping
Advantage of Internet banking
• Access accounts round-the-clock, even on
weekends
• Convenient
• Cost effective
• Safe and secure
• Easily compare services offered by different
banks
Disadvantages of Internet
banking
• Impersonal
• Lack of trust
• Difficult for first timers
• Security fraud
Top tips for safe online
banking
• Know who you are dealing with
• Keep passwords and PIN safe
• Use a protected computer
• Always check your statements carefully as
soon as you receive them
• Sign up, whenever you are given the option
whilst shopping online
Thank you for your
attention!