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Project on E-Banking
Ratings: (6)|Views: 31,724|Likes: 304
Published by Nirmal
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Exchange of statisticals information amongs banks.

Enables foreign exchange operations.
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Inter-bank applications like settlement of funds

between banks.
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Provides facilities like demat operation,ATMoperation,online banking.
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DOWNLOAD this Report AT -http://bit.ly/16xm6zS
Internet Banking
Internet banking
, sometimes called online banking, is an outgrowthof PC banking. Internet banking uses the Internet as the deliverychannel by which to conduct banking activity, for example,transferring funds, paying bills, viewing checking and savingsaccount balances, paying mortgages, and purchasing financialinstruments and certificates of deposit. An Internet banking customer accesses his or her accounts from a browser— software that runsInternet banking programs resident on the bank’s World Wide Webserver, not on the user’s PC. NetBanker defines a “ true Internetbank” as one that provides account balances and some transactionalcapabilities to retail customers over the World Wide Web. Internetbanks are also known as virtual, cyber, net, interactive, or webbanks. This is basically the banking industry's attempt to jump on the "e-business" band wagon. E-banking is a term that attempts to broadlydescribe today's alternate delivery channels. Different banks - andvendors - will describe this differently.Rather than spending too much time on the term, I'd suggest youopen a dialogue with your customers about the types of servicesthey are interested in, and begin to prioritize your investment in thesenew services. Ideas would include image delivery via Internet,Internet Commercial cash management, and on-line bill pay. MAIN CONCERNS IN INTERNET BANKING
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