Wikipedia
Online banking (or Internet banking) is a term used for performing transactions, payments etc. over the internet through a bank's secure website. This can be very useful, especially for banking outside bank hours (which tend to be very short) and banking from anywhere where internet access is available. In most cases a web browser such as Internet Explorer or Mozilla Firefox is utilised and any normal internet connection is suitable. No special software or hardware is usually needed.
Convenience - The number of customers who choose online banking as their preferred method of dealing with their finances is growing rapidly. Many people appreciate the convenience. Online banking usually offers such features as electronic bill payment and the downloading of bank statements for import in a personal finance program. There is a growing number of banks that operate exclusively online. Because these online banks have low costs compared to traditional banks they can offer high interest rates.
Security - Protection through single password authentication, as is the case in most secure internet shopping sites, is not considered secure enough for personal online banking applications in some countries. Online banking user interfaces are secure sites (generally employing the https protocol) and traffic of all information - including the password - is encrypted, making it next to impossible for a third party to obtain or modify information after it is sent. However, encryption alone does not rule out the possibility of hackers gaining access to a vulnerable home personal computerPCs and intercepting the password as it is typed in (keylogging). There is also the danger of password cracking and physical theft of passwords written down by careless users. Many online banking services therefore impose a second layer of security. Strategies vary, but a common method is the use of transaction numbers, or TANs, which are essentially single use passwords. Another strategy is the use of two passwords, only random parts of which are entered at the start of every online banking session. This is however slightly less secure than the TAN alternative and more inconvenient for the user. A third option, currently being trialled in the UK is providing customers with Security_tokensecurity token devices capable of generating single use passwords unique to the customer's token. Another option is using digital certificates, which Digital signaturedigitally sign or authenticate the transactions, by linking them to the physical device (e.g. computer, mobile phone, etc). In the United States, most online banking still uses single password protection.
Fraud - Some customers avoid online banking as they (perhaps wrongly) perceive it as being too vulnerable to fraud. The security measures employed by most banks are never 100% safe, but in practice the number of fraud victims due to online banking is very small. Indeed, conventional banking practices may be more prone to abuse by fraudsters than online banking. Credit card fraud, signature forgery and identity theft are far more widespread "offline" crimes than malicious hack (technology slang)hacking. Bank transactions are generally traceable and criminal penalties for bank fraud are high. Online banking can be more insecure if users are careless, gullible or computer illiterate. An increasingly popular criminal practice to gain access to a user's finances is phishing, whereby the user is in some way persuaded to hand over their password(s) to the !fraudster.Category:BankingCate gory:Internetde:Electronic? !Bankingja:インターネッ バンキングlt:Internetin ? !bankininkystėnl:Internetbanki erenpl:Bankowość? !elektronicznasv:Internetbank
|
|
Websites
First State Bank
community bank
http://www.fsbevansville.com/
Direct-Fx foreign currency services
Foreign currency software for Banks
http://www.direct-fx.com/
System Access Ltd.
System Access is a leading banking software provider for financial services institutions worldwide. Established in 1983, our vision is to develop a seamlessly integrated suite of software products that support the entire core business operations for banks using an advanced technology platform. We have since consistently and successfully fulfilled our vision of redefining the banking technology horizon to chart new courses for our customers globally by delivering innovation with our flagship product SYMBOLS and our card management solution, CARDPRO. We set our sights on delivering the corresponding expert resources and commitment from our people, our strategic partners and the team assembled to deliver our promise to our clients. We recognize the unique nature of different banks worldwide, we make it our business and our passion to redefine the way banks do business.
http://www.systemaccess.com/
Online Banking Report
A monthly newsletter giving an informed but independent review of all the latest developments in online banking.
http://www.onlinebankingreport.com/
Wells Fargo
Connects customers to essential financial services 24 hours a day -- by ATM, phone or personal computer, as well as through a growing network of traditional and supermarket branches.
http://www.wellsfargo.com
bankrate.com
Provides consumers with financial data, research and editorial information on non-investment financial products.
http://www.bankrate.com
|
|