BANKING VIA ONLINE SERVICES

&
SECURITY FIRST NETWORK
BANK

Group Members

Ashwani Kumar
Basil M
Deepak K
Arun V
WHAT IS E-BANKING?

Online banking or Internet banking

In simple terms it does not involve any
physical exchange of money, but its all done
electronically, from one account to another,
using the Internet.
From a personal computer, you can access
your bank account information, and perform
many banking functions, like checking
balances transferring money, making a loan
payment etc.
WHAT IS E-BANKING?

Once you register yourself on a bank

website, you can view
o Your accounts, credit card & home loan
balances
o Accrued interest, fees and taxes
o Transaction details of each account
o Pay bills
o Transfer funds to third party accounts
which you nominate
o Open a deposit right from the terminal
you are sitting at.
ONLINE BANKING

A powerful "value added" tool to attract and

retain new customers while helping to eliminate
costly paper handling and teller interactions

Variously known as PC banking, home banking,

electronic banking or Internet banking

Brick-to-click" banks: different from brick-and-

mortar banks as well as from virtual banks

Performing banking transactions, payments etc

over the internet through a bank
FEATURES OF ONLINE
BANKING:
Conveniences to full banking service
Low cost banking
JTI(Just in Time)
Better customer retention
World-wide 24 hours, 7 days a week banking services
Cost saving on infrastructure
Highly beneficial to corporate sector and E-commerce
owing to its cost effectiveness.
Account aggregation
ADVANTAGES OF ONLINE
BANKING:
Convenience
Ubiquity
Transaction speed
Efficiency
Effectiveness
However, till now Internet services in India only allows for a
minimum level of interactivity such as
o Answering e-mail queries
o Feedback forms
o Articles asking for readers opinion at the end

An accountholder, armed with a password, can use the Net to

order a cheque book, stop payment of a cheque and spot the
balance and individual operations in the account and transfer
funds.
DISADVANTAGES OF
ONLINE BANKING:
Start-up may take time
Learning curve
Bank site changes
Money Laundering
The trust thing
ALTERNATIVE DELIVERY
CHANNELS
Anytime, anywhere banking
Telephone Banking
Internet Banking
Mobile Banking
Television banking
Next ???
INTERNET BANKING

More and more banks are coming to realize

that internet is a part of banks' alternative
delivery channel strategies activities
concentrated in the business-to-consumer
segment, focused on retaining clients
In Internet banking, security is a primary concern.
Security concerns have been addressed from
every angle within the architecture of the
Internet banking application.
INTERNET BANKING

It comes with a world of other

services like.
ONLINE BILL PAYMENT
FUND TRANSFER
SHOPPING
TICKET BOOKING
PREPAID MOBILE RECHARGE
SHARE TRADING
CHARITY
INTERNET BANKING

Sample Internet Banking

Architecture
SECURITY FIRST NETWORK
BANK
First bank of the Internet [FBOI]
SFNB were the Pioneer Bank of Internet banking
i.e. E- Banking in the United States
Presently SFNB is the Worlds Largest
Commercial Online Service bank with an asset
worth US $41 million and a customer base of 6
million.
STRUCTURE OF SFNB

It is composed of two distinct units:

[1.] Information Server
[2.] Account Creation Package
STRUCTURE OF SFNB

Information Server is the area the potential customers

use to learn about the bank and its services. Once a
customer decides to open an account, he or she uses a
secure registration form to send an encrypted message to
the bank server, which contains actual banking
applications.
Account Creation Package contains the user name and
password to access the account, and is sent to the
customer through U.S. mail. The bank server receives the
transaction, decrypts the message, and performs the
service requested.
Fig. The Home Page of Security First Network Bank on
the Internet .
(April,201
2)
(April ,
2011)
(Nov,
2013)

(Oct,
2009)