E-Banking

Purpose of Banking


The main purpose that banks have been serving since their inception is keeping our money safe for us. While keeping our money safe, they also let us earn a certain amount of interest on the money deposited with them.

Internet users in Different Regions

WORLD INTERNET USAGE AND POPULATION STATISTICS Internet Users Dec. 31, 2000 Penetration % Population Growth 2000 -08 World Regions Population ( 2008 Est.) Internet Users Latest Data Users %

Africa

Asia

3,780,819,792

Europe

Middle East

North America

Latin America/Caribbean

Oceania / Australia

WORLD TOTAL

6,710,029,070

NOTES: (1) Internet Usage and World Population Statistics are for March 31, 2009. (2) Demographic (Population) numbers are based on data from the US Census Bureau . (3) Internet usage information comes from data published by Nielsen Online, by the International Telecommunications Union, by GfK, local Regulators and other reliable sources. (4) For definitions, disclaimer, and navigation help, please refer to the Site Surfing Guide. (5) Information in this site may be cited, giving the due credit to www.internetworldstats.com. Copyright 2001 - 2009, Miniwatts Marketing Group. All rights reserved worldwide.

75,330,899

4,514,400

54,171,500

5.6 %

1,100.0 %

3.4 %

114,304,000

657,170,816

17.4 %

474.9 %

41.2 %

803,903,540

105,096,093

393,373,398

48.9 %

274.3 %

24.6 %

196,767,614

3,284,800

45,861,346

23.3 %

1,296.2 %

2.9 %

337,572,949

108,096,800

251,290,489

74.4 %

132.5 %

15.7 %

581,249,892

18,068,919

173,619,140

29.9 %

860.9 %

10.9 %

34,384,384

7,620,480

20,783,419

60.4 %

172.7 %

1.3 %

360,985,492

1,596,270,108

23.8 %

342.2 %

100.0 %

E-Banking or Online Banking



According to Hertzum et al E-Banking Erefers to the banking operations, which is done over World Wide Web.
Internet banking refers to the deployment over the Internet of retail and wholesale banking services .

Types of E-Banking E

The terms PC banking , online banking , Internet banking , Telephone banking or mobile banking refer to a number of ways in which customers can access their banks without being physically present at at the bank.

TeleTele-Banking


TeleTele-banking service is provided by phone. To access an account it is required to dial a particular telephone number and there are several options of services. Options included : Checking account balance. Funds transfer between current, savings and credit card accounts. Bill payments . Stock exchange transaction Loan payment information

    

PCPC-Banking


The term PC banking is used for banking business transacted from a customer s PC. Using the PC banking customers can reach their accounts for transactions by subscribing to and dialing into the banks Intranet proprietary software system using password.

Internet Banking


 

Internet banking would free both bankers and customers of the need for proprietary software to carry on with their online banking transactions. Customer behavior is changing rapidly. Internet is now considered to be a strategic weapon for them to satisfy the everever-changing customers demand and innovative business needs.

Mobile Banking
    

New transmission technologies. WAP (Wireless Application Protocol). mobile phones. personal digital assistant (PDA). Small hand-held. hand-

Features & Functions

Types of Internet Banking Sites



Information only


Online brochure and service descriptions Name, address and account information collection and display Account viewing as well as financial transactions.

Information Exchange


Transactional


Technology-based Banking Products & Services

 

  

Balance inquiry Transaction information Funds transfer Cash Management Stop & Release Payment for checks Cheque Book Requests Change in Address, Status,Nature of A/C

Aggregation  Electronic Finder (Automated) --clearinghouse (ACH) --clearinghouse transactions --Instructions --Instructions


--Online Request --Online --Online Change --Online

TechnologyTechnology-based Banking Products & Services

   

Bill payment Loan applications Stored Value Shopping

-- Internet Payments -- Certification Authority -- Data Storage -- Through web

CHALLENGES FOR E-BANKING E      

Network Security Network Stability Server Up-Time UpServer s Credibility Server s Security Customer s Confidence Confidence among the bank s Staff

Why E-Banking in Asia E-

E-BANKING IN PAKISTAN :


Pakistan has been among the late entrants into e-banking. eInternet banking introduced in 1999-2000. 1999Half of the country s 7,000 commercial-bank commercialbranches are now computerised. few of banks offer mobile-phone banking. mobile-

CONCLUSION :


Although online banking is not yet ubiquitous in Pakistani society but it has a very high potential and scope. It is time for the Government, banks and consumer to Wakeup.

You have no choice but to operate in a world shaped by globalization and the information revolution. There are two options: adapt or die. Andy Grove, Chairman, Intel.

THANK YOU!