Embracing New Banking Technologies for Enhanced Services
E N D
Presentation Transcript
New Technology in Banking :- - E Banking - ATM - Credit card - Debit card - Tele Banking - Mobile Banking - Net Banking - SWIFT - RTGS
E – Banking:- • Meaning & defn.: e.g. .Individual computer Banking , Net Banking , Online Banking , Phone Banking,etc. • Difference between E- Banking & Traditional Banking :- • Nature of E-Banking:- - Customer to bank E-banking - Bank to bank E- banking - Electronics central E-banking -Internet Banking
E-Banking : Need & Importance:- - Any time banking service. - Convenient banking . - Low cost banking service. - Quality banking. - Increase in production . - Speed banking . - Banking with high profitability. - Spectrum of services.
Automated Teller Machine :- ( ATM ) • General law of ATM : - Application form. - Trice card . - Code for personal identification. - Minimum balance of Rs.1000. - Withdrawal payment maximum Rs.20000 to 40000. - Facilities for holders of 24 hours. - Terms & rules may be different for different banks .
Benefits of ATM:- - Anytime service. - Fast service. - Scope. - Accuracy. - Saving time & cost.
Credit Card:- • Types of credit card- - Shop cards. - Travel & entertainment cards. - Bank credit cards. • Features of credit card- - Economic credit. - Registered fee. - Items credit cards. - Commission. - Over draft facilities .
Benefits of credit cards :- -Benefits for credit card holders. -Benefits for banks. -Benefits for members of firm.
Debit Cards :- -Types of debit cards: 1. Online debit card. 2. Offline debit card. - Benefits of debit cards:
Tele Banking:- • Services available for holders. 1. Information about balanced amount. 2. Request for checkbook. 3. Annual statement. 4. Transection . 5. Account statement. 6. Information about lost ATM, Debit card. 7. Request for services .
Mobile Banking :- - Types of mobile banking :- 1. Interactive Voice Response. 2. Short Messaging Services. 3. Wireless Access Protocol. 4. Banking Through a Mobile Van. 5. Fast Net Mobile Banking.
SWIFT:- Society for Worldwide Inter-banking Financial Telecommunication. • Establishment & Development of SWIFT.:- • Membership of SWIFT.:- • Operation system of SWIFT:- • RTGS:-Real Time Gross Settlement System. -26 march,2004. - Outgoing Fund Transfer. - Incoming Fund Transfer.
