√ Definition of E-Banking, Benefits, Types of Services, Application, Barriers and Examples
Definition of E-Banking, Benefits, Types of Services, Application, Barriers and Examples – In this discussion we will explain about E-Banking. Which includes the meaning of E-Banking, Benefits of E-Banking, Types of Services, Applications, Barriers and Examples of e-banking with a complete and easy to understand discussion.
Definition of E-Banking, Benefits, Types of Services, Application, Barriers and Examples
For more details, please read the review below carefully.
Understanding E-Banking
E-Banking or also called internet banking is an activity that carries out transactions, payments and other transactions using the internet with a bank website that has been provided with the system security.
Another definition of E-Banking is a sector that is affected by developments in information and communication technology banking, the use of information and communication technology in the national banking sector appears to be more advanced than the sector other.
Electronic banking covers a wide area of technology that is developing rapidly in recent times. Some of them relate to banking services on the "front line", such as ATMs and computerized banking "systems" and some other groups that are "back line" in nature, such as technologies used in "merchant" financial institutions or services transaction.
Benefits of E-Banking
The use or function of E-Banking is almost the same as an ATM machine, where the facilities are slightly different, a customer can carry out activities to check account balances, transfer funds between accounts or between banks, so as to pay regular monthly bills such as electricity, telephone, credit cards, pay television and others etc.
Utilizing E-Banking has many benefits that customers will get, especially if you look at the amount of time and energy that can be saved. because E-Banking is clearly queue-free and can be done from anywhere as long as customers have supporting facilities to carry out E-Banking services the.
Service Type
The types of E-Banking services are as follows:
Online Banking (Online Banking)
Basically it is a combination of two basic terms, namely online and banking. Currently the internet has connected approximately 100 million people. Can carry out banking transactions (financial and non-financial) with a computer connected to the bank's internet network. Types of transactions with online banking are:
- Transfer funds/money
- Check balance information
- Check exchange rate information
- Make payments for several bills such as credit cards, telephone bills, electricity bills and so on.
- Make purchases (cellphone credit, plane tickets, train tickets and so on.
Mobile Banking
Mobile banking is a banking service that can be accessed directly with a GSM cell phone using SMS. The types of transactions that can be carried out are:
- Transfer of funds
- Check balance information
- Perform account transfer
- Check exchange rates
- Make payments such as credit cards, electricity bills, telephone bills, insurance)
- Buy top up credit and shares
Implementation of E-Banking
Risk management in the procurement of E-Banking activities, regulations issued by Bank Indonesia relate to management the risk of carrying out E-Banking activities is Bank Indonesia Regulation No.5/8/PBI/2003 concerning the Implementation of Bank Umm Risk Management and Letters Bank Indonesia Circular No. 6/8/DPNP, dated 20 April 2004 concerning the Implementation of Risk Management in Bank service activities via E-Banking.
Security Control "Security Control"
- Banks are required to carry out definite steps to test the success of identity and authorization "authentication" for customers who carry out transactions using E-Banking.
- Banks are required to use a transaction authenticity testing method as a guarantor if the transaction cannot be denied by the customer "non-repudiation" and determine responsibility for E-Banking transactions.
- Banks are required to ensure that there is separation of duties in the E-Banking system, data base and other applications.
- Banks must ensure that there are appropriate controls on authorization and access rights "privileges" to E-Banking systems, databases and other applications
- Banks are obliged to ensure that there are adequate procedures to protect the integrity of data, records/archives and information regarding E-Banking transactions
- Banks are obliged to ensure that there is a definite tracking mechanism or "audit trail" for all e-banking transactions
- Banks must take steps to protect the confidentiality of important information on E-Banking. This step must be adapted to the sensitivity of the information released and/or stored in the database.
Legal Risk Management and Reputation Risk
- Banks are obliged to ensure that the bank website provides information that allows prospective customers to obtain appropriate information about the identity and legal status of the bank before carrying out transactions through E-Banking
- Banks must take certain steps to ensure that customer confidentiality provisions are implemented in accordance with those applicable in the country where the bank provides E-Banking products and services.
- Banks are required to have effective emergency and business continuity planning procedures to ensure the existence of E-Banking systems and services
- Banks must develop adequate treatment plans to manage, overcome and minimize problems that arise from undesirable or anticipated “internal and external” events that could hamper the availability of systems and services E-Banking
- In the event that the E-Banking implementation system is implemented by an "outsourced" third party, the bank must determine and implement it comprehensive and ongoing supervision and due diligence procedures in managing bank relationships with third parties the.
Barriers to E-Banking
Barriers to E-Banking are as follows:
- Transactions with E-Banking not only make things easier but also raise risks such as strategy, operations and reputation and there are also various ones threats to reliable data flow and threats of damage/failure to the E-Banking system and the increasingly complex technology that is the basis E-Banking.
- Damage/loss/loss received by the Bank/Customer is also caused by internal officers or bank management.
- E-Banking is one of the targets of cybercriminals who have problems in terms of technical and non-technical evidence.
- The Government and DPR "Any Period" to date still seem slow in anticipating the frequency of crimes that occur from E-Banking activities
- E-Banking activities still do not have a firm and accurate legal umbrella due to the stagnation of the electronic information and transaction bill.
- Banking business actors and the public in general still do not care about the process of handling E-Banking criminal cases.
Examples of E-Banking Services
Examples of E-Banking services are:
- ATM (Automated Teller Machine)
- Banking Application System (Banking Application System)
- Real time Gross Settlement System
- Online Banking (Internet Banking)
- Electronic click system
Thus has been explained about Definition of E-Banking, Benefits, Types of Services, Application, Barriers and Examples, hopefully it can increase your insight and knowledge. Thank you for visiting and don't forget to read other articles.
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