what are the types of e banking ?
Answers
Explanation:
VARIOUS FORMS OF E-BANKING:
INTERNET BANKING: Internet Banking helps you manage many banking transactions online via your PC.
AUTOMATED TELLER MACHINES (ATM): ...
TELE BANKING: ...
SMART CARD: ...
DEBIT CARD: ...
E-CHEQUE: ...
OTHER FORMS OF ELECTRONIC BANKING.
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Answer:
VARIOUS FORMS OF E-BANKING:
INTERNET BANKING:
Internet Banking helps you manage many banking transactions online via your PC.
AUTOMATED TELLER MACHINES (ATM):
An automated teller machine or automatic teller machine (ATM) is an electronic computerized telecommunications device that allows a financial institution’s customers to directly use a secure method of communication to access their bank accounts, order or make cash withdrawals (or cash advances using a credit card) and check their account balances without the need for a human bank teller.
TELE BANKING:
By dialing the given Telebanking number through a landline or a mobile from anywhere, the customer can access his account and by following the user-friendly menu, entire banking can be done through Interactive Voice Response (IVR) system.
SMART CARD:
A smart card usually contains an embedded 8-bit microprocessor (a kind of computer chip). The microprocessor is under a contact pad on one side of the card. Think of the microprocessor as replacing the usual magnetic stripe present on a credit card or debit card.
The microprocessor on the smart card is there for security. The host computer and card reader actually “talk” to the microprocessor. The microprocessor enforces access to the data on the card.
The chips in these cards are capable of many kinds of transactions.
DEBIT CARD:
Debit cards are also known as check cards. Debit cards look like credit cards or ATM (automated teller machine) cards, but operate like cash or a personal check. Debit cards are different from credit cards. While a credit card is a way to “pay later,” a debit card is a way to “pay now.” When you use a debit card, your money is quickly deducted from your checking or savings account.
E-CHEQUE:
An e-Cheque is the electronic version or representation of paper cheque.
OTHER FORMS OF ELECTRONIC BANKING
Direct Deposit
Electronic Bill Payment
Electronic Check Conversion
Cash Value Stored, Etc.
Explanation: