Electronic Banking
SAMAH SAMEER MAHMOOD AL SAATI
ID #: 0400447
BANK 499
ADVISOR:
Dr. Ahmed Ghuraibah
TABLE OF CONTENT
TITLE
PAGE NO.
Introduction
3-5
Scope
6-9
Discussion – Risk of E-Banking
9-13
Discussion – Strategic Risks
14-22
Discussion – Risk Assesments
22-24
Joint Recommendations
24- 25
Case Study
25-28
Conclusion
29-35
References
35
E-BANKING & ITS RISK
1. Introduction
What is E-Banking
In the struggle to assign an appropriate name such technological innovation, are terms such as Online Banking, E-banking or Electronic Banking generically, although it should clarify what is meant by each of them. (1)3
Electronic Banking refers to the type of banking that is done through electronic means such as ATM 's, Telephone and other communication networks. Traditionally, this term has been attributed to Internet Banking or Online Banking, but in this report I clarify its meaning. Some authors consider it as a higher order construct carrying many channels that includes phone banking, mobile phone banking (technology-based Wireless Application Protocol -WAP -Internet transferring to the mobile phone) and that is based on interactive TV (Inet -television).(2)
Internet Banking or Online tools that include an entity that offers its customers do their banking via the computer using a connection to the Internet. Others investigate Internet banking as a new type of system information using Internet resources and innovative World Wide Web (WWW) to enable consumers to make Financial Transactions in virtual space. (3)
The Virtual Banking or without Physical Presence. It is considered a Virtual Bank as a bank with no office and is usually associated the concept of Virtual Banking to Electronic Banking. Overall, the market should not be called virtual, being more appropriate for the designation of banking or the Internet, since the organizations participating in the exchange are completely real and physically exist.
In this consumer moves from
ID #: 0400447
BANK 499
ADVISOR:
Dr. Ahmed Ghuraibah
TABLE OF CONTENT
TITLE
PAGE NO.
Introduction
3-5
Scope
6-9
Discussion – Risk of E-Banking
9-13
Discussion – Strategic Risks
14-22
Discussion – Risk Assesments
22-24
Joint Recommendations
24- 25
Case Study
25-28
Conclusion
29-35
References
35
E-BANKING & ITS RISK
1. Introduction
What is E-Banking
In the struggle to assign an appropriate name such technological innovation, are terms such as Online Banking, E-banking or Electronic Banking generically, although it should clarify what is meant by each of them. (1)3
Electronic Banking refers to the type of banking that is done through electronic means such as ATM 's, Telephone and other communication networks. Traditionally, this term has been attributed to Internet Banking or Online Banking, but in this report I clarify its meaning. Some authors consider it as a higher order construct carrying many channels that includes phone banking, mobile phone banking (technology-based Wireless Application Protocol -WAP -Internet transferring to the mobile phone) and that is based on interactive TV (Inet -television).(2)
Internet Banking or Online tools that include an entity that offers its customers do their banking via the computer using a connection to the Internet. Others investigate Internet banking as a new type of system information using Internet resources and innovative World Wide Web (WWW) to enable consumers to make Financial Transactions in virtual space. (3)
The Virtual Banking or without Physical Presence. It is considered a Virtual Bank as a bank with no office and is usually associated the concept of Virtual Banking to Electronic Banking. Overall, the market should not be called virtual, being more appropriate for the designation of banking or the Internet, since the organizations participating in the exchange are completely real and physically exist.
In this consumer moves from
References: 9. Banking: There 's No Place Like Home by Kathy Yakal. Kiplinger 's Personal Finance Magazine (December 1997) 10 11. Electronic Commerce and The Future of Money; Technology and You, by Tariq K. Muhammad, Black Enterprise (June 1997) 12 13. Paying Bills By Computer; Time to switch to digital checks? Consumer Reports, (August 1997) 14 15. What works and what doesn 't in the world of Digital Finance, by Peter Keating, Money Magazine.(July 1996)