√ Definition of E-Banking, Benefits, Types of Services, Implementation, Barriers and Examples
Definition of E-Banking, Benefits, Types of Services, Implementation, Barriers and Examples – In this discussion we will explain about E-Banking. Which includes the definition of E-Banking, Benefits of E-Banking, Types of Services, Implementation, Barriers and Examples of e-banking with complete and easy-to-understand discussion.
Definition of E-Banking, Benefits, Types of Services, Implementation, Barriers and Examples
For more details, please see the review below carefully.
Definition of E-Banking
E-Banking or also called internet banking is an activity that conducts transactions, payments and other transactions using the internet with a bank website that has been given a 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 other sectors other.
Electronic banking covers a wide area of technology which is growing fast these days. Some of them are related to banking services at the "front line", such as ATMs and computerized banking "systems" and some other groups that are "back line" 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 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.
The use of E-Banking has many advantages that customers will get, especially if you look at the amount of time and energy that can be saved. because E-Banking is clearly free of queues and can be done from anywhere as long as the customer has the supporting facilities to carry out E-Banking services the.
Service Type
The types of services from E-Banking are as follows:
Online Banking
Basically, it is a combination of two basic terms, namely online and banking. Now the internet has connected approximately 100 million people. Able to 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 of funds/money
- Check balance information
- Check exchange rate information
- Make payments for several bills such as credit cards, telephone accounts, electricity bills and so on.
- Make purchases (cell phone credit, plane tickets, train tickets and so on.
Mobile Banking
Mobile banking (mobile banking) is a banking service that can be accessed directly with a GSM cell phone using SMS. Types of transactions that can be made are:
- Transfer of funds
- Check balance information
- Perform account mutations
- Check exchange rates
- Make payment types such as credit cards, electricity bills, telephone accounts, insurance)
- Buy recharge credit and shares
Application of E-Banking
Risk management in procuring E-Banking activities regulations issued by Bank Indonesia relate to management or management the risk of carrying out E-Banking activities is Bank Indonesia Regulation No.5/8/PBI/2003 concerning Implementation of Risk Management for Commercial Banks and Letters Bank Indonesia Circular No. 6/8/DPNP, April 20, 2004 concerning Application of Risk Management in Bank service activities through E-Banking.
Security Control
- Banks are required to carry out definite steps to test the success of identity "authentication" and authorization for customers who make transactions with E-Banking.
- Banks are required to use the transaction authenticity testing method as a guarantor if the transaction cannot be denied by a "non-repudiation" customer and determines responsibility in E-Banking transactions.
- Banks are required to ensure that there is segregation of duties in the E-Banking system, data base and other applications.
- Banks must ensure that there are controls on proper authorization and access rights to E-Banking systems, databases and other applications.
- Banks are required to ensure that there are adequate procedures to protect the integrity of data, records/archives and information on E-Banking transactions
- Banks are required to ensure that there is a traceable mechanism or definite "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 adjusted to the sensitivity of the information released and/or stored in the database.
Management of Legal Risk and Reputation Risk
- Banks are required to ensure that the bank's website provides information that allows prospective customers to get proper information about the identity and legal status of the bank before carrying out transactions through E-Banking
- Banks must take steps to ensure that customer confidentiality provisions are implemented in accordance with those in force in the country where the bank is domiciled providing E-Banking products and services.
- Banks are required to have emergency planning procedures and effective business continuity to ensure the existence of E-Banking systems and services
- Banks must develop adequate treatment plans for managing, overcoming and minimizing problems that arise from undesired or expected “internal and external” events that could hinder the availability of systems and services E-Banking
- In the event that the E-Banking implementation system is implemented by an "outsourcing" third party, the bank must determine and implement it comprehensive and ongoing monitoring and due diligence procedures in managing bank relationships with third parties the.
Barriers to E-Banking
The obstacles of E-Banking are as follows:
- Transactions with E-Banking not only make it easy but pose a risk such as strategic, operational and reputation and there are also various threats to reliable data flow and threats of damage/failure to the E-Banking system and the more complex the 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 cybercrimes who have problems in terms of technical or non-technical proof.
- The government and DPR "Any Period" until now still seem to be slow in anticipating the frequent 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 bill on information and electronic transactions.
- "Banking" business actors and the public in general still do not care about the process of handling cases of E-Banking crimes.
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 (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, Implementation, Barriers and Examples, hopefully can add to your insight and knowledge. Thank you for visiting and don't forget to read other articles.
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