E BANKING

2. Final Presentation
GROUP MEMBERS:
HARIS ALI JAMSHAID
ZOHAIB ALI JAMSHAID
ANAS BHATTI
BILAL ARSHAD
BAKTH SHAH

3. E-Banking

4. Introduction
 E-Banking or Electronic Banking is a major innovation in
the field of Banking.
 Earlier Banking was conducted in a very traditional
manner, there were no such innovations.
 Information revolution led to the evolution of internet ,
which lead to E-Commerce continued by evolution of E-
Banking.

5. History Of E-Banking
 E-Banking History dates back to 1980s.
 The term online became popular in the late '80s and
referred to the use of a terminal, keyboard and TV (or
monitor) to access the banking system using a phone
line
 Stanford federal credit union was the first who offer
online internet banking services to all of its members in
1994.
 Later on snapped up by other banks like
Well Fargo, Chase Manhattan and Security First Bank.

6. What Is an E-Bank?
 Traditional banking business assumes:
 Customer desk at bank’s building
 Office hours from 8.00 am to 7.00 pm
 Customers have:
 Their job during the day
 Family or other activities after the job
Collision!
What can we do about it?

7. What Is an E-Bank?
 Logical answer is to use e-channels:
 Internet
 WAP based mobile network
 Automated telephone
 ATM network
 SMS and FAX messaging
 Multipurpose information kiosks
 Web TV and others …
 E-channels enable financial transactions from anywhere and
allow non-stop working time.

8. E-BANKING
 Modern banking is virtual banking.
 Virtual Banking means a customer cannot see the bank
but with the help of technology he can conduct the
banking activities anywhere in the world.
 The major types of virtual banking services includes:
1. Automated Teller Machines (ATMs)
2. Smart Cards
3. Phone banking
4. Home banking
5. Internet banking

9. Electronic Delivery Channels
 Today’s banks are offering various delivery channels to
provide products & services to their customers.
 The IT has helped banks in increasing the range of their
products & services and also in marketing them more
effectively
 The major channels are :-
1. ATMs
2. Smart Cards
3. Telebanking
4. Internet banking

10. Automated Teller Machines (ATMs)
 ATMs are widely used electronic channels in banking.
 It is a computer controlled device at which the customers can
make withdrawals, check balance without involving any
individuals.
 To use this system customers are given a plastic card which
contains the customer’s name & account no.
 Customer is given a pin number. Whenever he wants to use it
he needs to enter pin number.
 Mostly ATMs are near to branches but nowadays ATMs are
available at places like malls, theaters, stations etc.

11. Smart Cards
 It is a chip based card (micro chip containing
monetary value)
 When a transaction is made using the card, the
value is debited & balances comes down.
 It is used for making purchases without the
need of any pin.
 It is a powerful card which carries out functions
of ATM card , Credit Card , Debit Card.

12. Internet Banking
 It has helped in banking at the click of a
mouse.
 In internet banking , customer of a bank
with a pc can log on to the bank website &
conduct basic functions.

13. Advantages of E-Banking
 Round the clock banking.
 User friendly.
 Low cost.
 Portable banking.
 Quality banking.
 Speed banking.

14. Limitations of E-Banking
 Start-up cost.
 Training & maintenance.
 Security.
 Legal issues.

15. Skimming
 Skimming is a more advanced version of an identity theft.
Fraudsters illegally copy the information from the magnetic
strip on the back of your plastic without interfering with the
legitimate payment transaction.