Information
technology
Custome
r
- Access to their accounts with the within the same city and also from
bank to bank through telephones.
computer of the bank It facilitates availability of funds
the next day itself. It is a matter
of great satisfaction that the e-
Commerce is greatly assisted by
the e-Banking through electronic
cash cheques and smart cards. It
is one of the trend setting
paperless mode of effecting
payment by two kinds; I)
Electronic Credit Clearing, and II)
CREATED BY:HAROON RASHEED Debt Clearing. The10
Electronic02/15/10
Development of E-Banking
May 1995 :
Wells Fargo - the first bank in the
world
to offer customer access to their
accounts over the internet .
e-Trade
e-Business e-Business
e-Banking
Clearing
Bank A Bank B
Bank Server
Settlement
PC Banking Digital TV
Banking
PC Banking - The forerunner to Digital TV Banking- Using the
Internet banking has been around standard digital reception
since the late 1980's and is still equipment (set top box and
widely used today. Individual remote control), users can access
banks provide software which is their bank account. Abbey
loaded on to an SME's office National and HSBC services are
computer. The SME can then available via Digital TV providers.
access their bank account via a One of its main selling points is
modem and telephone link to the that no account details are
bank. Access is not necessarily via transmitted via the World Wide
the Internet. Web.
WAP-banking
The most widespread solution for mobile banking is based on
micro-websites following the WAP standard (Wireless
Application Protocol). The function of WAP banking is in many
ways similar to the function of Electronic banking using http.
The client sends a request and gets a response with page
content which is stored on or dynamically generated by a
standard web server. The main difference is in the usage of a
WAP gateway for the conversion of the protocols. At banks
must be considered that very sensitive data is processed. While
a normal content provider doesn’t has to observe special
security precautions, and in some cases can even use the
services of extern providers, has to secure its web server and
WAP Gateway especially against unauthorized access. This is
especially necessary because of the fact that inside the WAP
Gateway the encryption protocol is converted from SSL/TLS to
WTLS with the effect that data is not encrypted while it is
processed. While authentication is assured via a PIN (personal
identification number) of the user, authorization for
transactions is realized via transaction numbers (TAN). This
concept, known from the electronic banking, forces the user to
carry a TAN list with him in order to make transactions
Debit Card
Debit Card Debit Card is an
identity card issued by a bank to
a customer, which the customer
can use to buy goods. The price
of the goods is charged to
customer's bank account.
Communication
- communicate easily
Environmental
- Abolishing the uses of paper
Others
- Offering one-stop-shop solutions
Firstly
of the banking industry. That is why banks urgently need to improve their ability,
to think strategically about IT investments. Only those banks that use their
technology resources effectively have the opportunity to secure real competitive
advantage in this fast-changing industry through real product or service
differentiation.
CREATED BY:HAROON RASHEED 02/15/10 37
Scope of E-Banking In Pakistan
E-Banking in Pakistan Opportunities & Challenges
Secondly
towards the present era, characterized by rapid changes
and increased challenges in various fields. In order to meet
the challenges of competition unleashed in the global
arena, it has become an imperative on the part of captains
of various segments of the economy to open up to harvest
the advantages that are forthcoming from such global
challenges. It is in this context, the most vibrant and
important sector, the banking sector, started gearing up to
face the challenges of such ground realities. Accordingly,
several measures were initiated and implemented for
improving and strengthening the competitive position of the
banking industry vis-à-vis the foreign banks. Such
measures include e-Banking entry into mutual funds and
insurance sector business
ALLPAY
•Biometrically enabled
•Human assistance
•Expansion to include other banking services
MOBILE ATM’s
•Reaching the under-banked
•Flexible reach
•Migrating transaction behavior