Internet Banking
ABSTRACT
There have been major changes which are witnessed in the world and at the centre is the ever changing phase of technology, like advances in the way people communicate, do businesses, exchange of information. At the heart of all this lies the World Wide Web and the same has revolutionised the way people are communicating and transferring the data and information. The best part about being that there exists no single entity or person who owns the World Wide Web some organizations and other companies are handling the management of the system and the administration of the World Wide Web. There has been contrasting views with respect to electronic commerce, however it needs to be noted that Electronic commerce is a structured method with the use of different methods and technologies for undertaking the business activities in a global arena which includes different methods like business-to-business (B2B) and second more famous is business-to-consumer (B2C) (Seilina,1990). The dramatic increase in the usage of internet has enabled the development of different businesses like the banking, insurance; supermarkets and other related elements like hospitals have also integrated the information technology into different segments of their operations.
This research paper tries to look at the different segments which are playing part especially in terms of internet banking and the other relevant operations being undertaken by them and the challenges faced in this respect would also be analysed. The role of the government in ensuring that there is segmented growth in this sector and the appropriate infrastructure which is made available for the continuous development of the industry in the country. Other important element is that of personal information of the individuals which needs to be protected to ensure that they are able to sustain the business in the long run. The information was collected mainly through the different internet sources and also some of the
There have been major changes which are witnessed in the world and at the centre is the ever changing phase of technology, like advances in the way people communicate, do businesses, exchange of information. At the heart of all this lies the World Wide Web and the same has revolutionised the way people are communicating and transferring the data and information. The best part about being that there exists no single entity or person who owns the World Wide Web some organizations and other companies are handling the management of the system and the administration of the World Wide Web. There has been contrasting views with respect to electronic commerce, however it needs to be noted that Electronic commerce is a structured method with the use of different methods and technologies for undertaking the business activities in a global arena which includes different methods like business-to-business (B2B) and second more famous is business-to-consumer (B2C) (Seilina,1990). The dramatic increase in the usage of internet has enabled the development of different businesses like the banking, insurance; supermarkets and other related elements like hospitals have also integrated the information technology into different segments of their operations.
This research paper tries to look at the different segments which are playing part especially in terms of internet banking and the other relevant operations being undertaken by them and the challenges faced in this respect would also be analysed. The role of the government in ensuring that there is segmented growth in this sector and the appropriate infrastructure which is made available for the continuous development of the industry in the country. Other important element is that of personal information of the individuals which needs to be protected to ensure that they are able to sustain the business in the long run. The information was collected mainly through the different internet sources and also some of the