E-banking. Content. What is E-banking? Development of E-banking Advantages of the E-Banking Disadvantages and Risk of E-banking Precaution of risk and security Persecutions. What is E-banking?. Definition:
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The provision of banking service through electronic channels and the customer can access the data without any time and geographical limitation.
- Rapid development of the Internet
- TCP/IP system (communication system)
Early 1980s :
- Access to their accounts with the computer of the bank .
May 1995 :
Wells Fargo - the first bank in the world to offer customer access to their accounts over the internet .
Hong Kong (September 1999 ):
Bank of East Asia - first launched Internet banking
- 60% of total assets of Hong Kong banking sector
- Fostering competition in financial market
- Offering one-stop-shop solutions
- Click “Add New Merchant”
A need for customer skill to deal with computers and browsers. E.g. Elderly, Housewives → Inconvenient
Site change it will make the customer have some confusion or delay.
Should deeply check the postscript of the website
Observe that is it have the encryption and compare the login account of encryption cert is equal to the bank.Case From Newspaper