NAME: KARAN TOLANI

SUBJECT: FC
ROLL NO.: SYBBI058
TOPICS: Internet Banking, M banking,
ATM’s, POS- talk about the concepts and the
risks involved. Take case study of any one
company that has been impacted.
 A strong banking sector can be termed as lifeline
of an economy. Therefor it is not wrong to say that present and
future of an economy entirely depends upon the success and
development of banking industry of that economy. In today’s era of
information and technology an economy cannot achieve the target
of sustainable development by following traditional banking method.
So it has become mandatory for developing country like India to
increase automation in banking industry.

Internet banking

WHAT DO YOU MEAN BY INTERNET BANKING?

Internet banking, also known as online banking, e-banking or
virtual banking, is an electronic payment system that
enables customers of a bank or other financial institution
to conduct a range of financial transactions through the
financial institution's website.
WHAT IS INTERNET BANKING AND HOW DOES
IT WORK?
Banking online means accessing your bank account and
carrying out financial transactions through the internet on
your smartphone, tablet or computer. It's quick, usually free
and allows you to do tasks, such as paying bills and
transferring money, without having to visit or call your bank.

BENEFITS OF INTERNET BANKING:

Internet banking allows you to access banking services on
the web. You can initiate domestic and international fund
transfers, pay bills and invest in Mutual Funds. You can also
order cheque books, check account balances, and open fixed
deposits.

WHAT ARE TYPES OF INTERNET BANKING?

Informational Internet Banking includes information on various
products and services offered by banks. Communicative
Internet Banking allows you to perform simple transactions like
applying for loans, checking balances, etc. Transactional
Internet Banking enables you to transfer funds and make
payments.

IS INTERNET BANKING SAFE IN TODAY’S

WORLD?
Are online banks safe to use? Yes, online banks are safe. As
long as an online bank is insured by the Federal Deposit
Insurance Corp., it will offer the same coverage as the FDIC-
insured bank down the street. FDIC covers up to $250,000 per
account for each individual customer.

STEPS FOR STARTING INTERNET BANKING

Begin online banking with a few steps
1. Gather your account numbers. Your account numbers
should be on your paper statement. ...
2. Find your bank or credit union's website. ...
3. Register for access to your bank or credit union's online
banking platform. ...
4. Log in and take a tutorial.

ADVANTAGES AND DISADVANTAGES OF

INTERNET BANKING SYSTEMS:
It is fast and efficient. Funds get transferred from one account
to the other very fast. You can also manage several accounts
easily through internet banking. Your banking information may
be spread out on several devices, making it more at risk. You
can keep an eye on your transactions and account balance all
the time.
E-banking is a system that provides various online banking
services to customers using the internet and
telecommunication network. This is a means through which
customers are able to access their bank account online and
perform various financial transactions via the internet. It is also
known as internet banking, virtual banking or online banking.

E-banking is safe, convenient and fast electronic service that

allows its customers to carry out banking transactions at any
place without visiting their bank branch. E-banking service is
available all the time to customers that is 24 hours a day and 7
days a week.

Here funds are transferred through the transmission of

electronic signals instead of an exchange of various paper
documents like cash, cheque etc. There are different types of E-
banking services available such as ATM, Mobile Banking, Debit
cards, Telebanking, EFT (Electronic Fund Transfer) System and
ECS (Electronic Clearing Services).

M BANKING
What Is Mobile Banking?
Mobile banking is the act of making financial transactions
on a mobile device (cell phone, tablet, etc.). This activity can
be as simple as a bank sending fraud or usage activity to a
client's cell phone or as complex as a client paying bills or
sending money abroad.

DIFFRENCE BETWEEN M-BANKING AND E-

BANKING:
Mobile banking is performed on an app using a portable device,
such as a smartphone or tablet. Online banking can be carried
out on any device with an internet connection (e.g., desktop or
laptop computer, smartphone, tablet) and doesn't require users
to download an app.

WHAT ARE TYPES OF MOBILE BANKING?

Mobile banking is classified into 3 types – App-based banking,
SMS banking, & USSD Banking. Mobile banking applications
encompass the broadest range of banking services.

BENEFITS OF MOBILE BANKING?

Mobile Banking Advantages
 Time Saving. Mobile Banking offers quick and instant
banking services, eliminating your dependence on banks
for basic transactions. ...
 Remote Banking. ...
 Monitoring Transactions. ...
 Easy Access. ...
 Round-the-clock availability. ...
  Value-Added Services. ...
 Internet reliant. ...
 Tech Knowledge.

WHICH COMPANY STARTED WITH THE

ROOTS 0F M-BANKING IN INDIA?
In the year 2008, ICICI Bank was the first bank in India to
launch mobile banking. Almost every bank has since followed
suit. The HDFC Bank is one of India's largest private sector
banks. Its mobile banking app allows customers to view
account transactions, transfer funds quickly, and make credit
card payments quickly.

WHAT IS M-BANKING’S CURRENT DEPOSIT

LIMIT?
Current deposits are insured through Current's partner bank,
Choice Financial Group, Member FDIC. This means they have
the standard insurance coverage limit of $250,000 per
depositor. That is 240,000 more than you need as you can't
actually hold more than $10,000 in your Current account.
ATM’S
An ATM is simply a data terminal with two input and four
output devices. Like any other data terminal, the ATM has to
connect to, and communicate through, a host processor. The
host processor is analogous to an internet service
provider (ISP) in that it is the gateway through which all the
various ATM networks become available to the cardholder (the
person wanting the cash).

Most host processors can support either leased-line or dial-

up machines. Leased-line machines connect directly to the
host processor through a four-wire, point-to-point, dedicated
Telephones line. Dial-up ATMs connect to the host processor
through a normal phone line using a mordern and a toll-free
number, or through an Internet service provider using a local
access number dialed by modem.

WHAT ARE ATM’S?

Automated teller machines (ATMs) are electronic banking
outlets that allow people to complete transactions without
going into a branch of their bank. Some ATMs are simple
cash dispensers, while others allow a variety of transactions
such as check deposits, balance transfers, and bill payments.

TYPES OF ATM’S:
Types of Automated Teller Machines (ATMs)
 Green Label ATMs- Used for agricultural purposes.
 Yellow Label ATMs- Used for e-commerce transactions.
  Orange Label ATMs- Used for share transactions.
 Pink Label ATMs- Specifically for females to help avoid
the long queues and waiting time.

CURRENTLY HOW MANY ATM’S RE PRESENT

IN INDIA?
In 2021, there were over 238 thousand automatic teller
machines (ATMs) across India. This was an increase compared
to around 200 thousand ATMs in 2019. Typical locations of
ATMs are inside or outside of bank branches, inside shopping
malls, or at railway stations and airports.

Risk in e banking\etc.
The other risks of e-banking are the same as those of
traditional banking like credit risk, liquidity risk, interest rate
risk, market risk, etc. However, in e-banking, these risks are
magnified due to the use of electronic channels and the
absence of geographical boundaries.
A Study on Factors Affecting Operational Electronic Banking Risks in
Iran Banking Industry (Case Study: Kermanshah Melli Bank)

Nowadays, advances in information and communication

technologies, has provided an opportunity for banks to provide their
electronic services to their customers in remote areas. This
technological innovation by E–banking systems has brought about
many benefits to customers while it has been accompanied by a
number of risks including the operational ones. This risks need to be
identified and managed by the Banks. The present research
identifies, compares, and ranks factors affecting operational E-
banking risks in viewpoints of customers and employees of
Kermanshah Melli bank. To this end, a questionnaire was distributed
to 300 employees and 384 customers of Kermanshah Melli bank by
applying random cluster data collection method. The method of this
study is descriptive- survey research. The study period covered the
second half of the year of 2012. One-Sample T-Test, Friedman
ranking Test and Independent Samples Test were employed to test
hypotheses, to rank factors affecting operational risks and to
compare the amount of effective factors on the operational risks of
electronic banking among employees and customers Melli Bank
respectively. The results indicate that hypotheses (1-5) support
effects the factors (data accuracy, internal controls, technological
infrastructure, access to systems, and security) have on Melli bank
operational E-banking risks; hypothesis (6) ranks each of the 5-fold
factors. In the security factors employees’ opinion is more effective
than customers, but in factors (Data accuracy, Technological
infrastructures) the trend is reversed. The study also includes
recommendations in order to manage and lower operational E-
banking risks.
Thankyou,