Essay On Electronic Banking

988 Words4 Pages
INFORMATION DIMENSION:
This is the compulsory level of Internet banking. Fortunately, on a link of the intent; the bank has data about the bank’s products and services. Since data systems currently have no path between the link and the bank’s Internet structure, the risk is almost low.

COMMUNICATION DIMENSION:
The internet managed the relationship between the bank’s network and the client. The relationship may be explained to electronic mail, information related to the account, loan forms, are numeric file update (name and address).

TRANSACTION DIMENSION:
Clients can run transactions with this mode of Internet banking. This is the much difficult structure and must have the greatest control since a normal type exists between the Internet and the banks or Internal organization.

BENEFITS OF E-BANKING
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Rejection of cheque should be a reason of the past because you can track your account on-line anytime, day or night.
9. You can check your account balanced using your monthly account statements. You can take your bank account related details into many programs and check its information.

DISADVANTAGES OF E-BANKING
1. In words identity stealing is the biggest hurdle and danger one banking. The loss of bank clients IDs, passwords, and other personal data shared with the banks.
2. E-banking account holders yet having the latest modern and Internet safety programs installed. Fraud, cyber-crimes, information details programs related issues make the daily main news.
3. Loss of social involvement with a friend, neighbors or the friend at branches of banks is another problem for some.
4. There may be a stay time timetable between using it for on-line banking and receiving time of the ID and password online detail for the account working.
5. If you choose to pay bills on-line, make sure that account holders are able of processing electronic payments. However, it may take May time for the payment to be added to your account, which could result in the late

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