E-Banking in Bangladesh: the ongoing future of Banking Dissertation

E-Banking in Bangladesh: The ongoing future of Banking

Kamrul Hasan*

E-banking is the surf of the future. It gives you enormous benefits to consumers in terms of case and expense of transactions, through internet, telephone or other electronic delivery channels. For most consumers, digital banking means 24-hours entry to cash through an Automated Teller Machine (ATM) or Direct Deposit of paychecks in checking or savings accounts. But electronic banking right now involves various sorts of transactions. E-banking is a form of banking where funds are transferred through an exchange of electronic signs between lender, rather than exchange of cash, cheeks or other negotiable devices. With the growth of global Info and Conversation Technology (ICT) infrastructure and the internet, e-banking is set to play a pivotal role inside the national overall economy, proper software program, infrastructure, cyber low and skilled time are important pertaining to the rendering of e-banking in the country. This paper guide the issues associated with e-banking and try to explore the near future challenges and prospect in Bangladesh.

Key phrases: ATM, TEXT MESSAGE banking, EFT, SWIFT channel, POS, Customer service, DES, RSA, MAC.

Introduction: In a continuously changing associated with today, where past is definitely replaced by dynamic present and the energetic present is being replaced by more challenging future, the old methods of doing points is no longer valid. Change is definitely permanent and a reality. Those who are not able to come up with the changes are destined to loose the contest. Science and technology is usually changing the way financial institutions conduct their transactions. Today's banking companies are shaking by these types of technological changes. Life has never been so easy, secure, and luxurious. Technology and technology have helped bring our your life to this level. But a fresh technology provides with it not only the potential for success nevertheless also a never ending series of queries regarding it is design, the value to its users, greatest use and acceptability.

*Assistant Professor, Institution of Business Studies, Condition University of Bangladesh

1

E-banking is a form of banking where funds are transferred through an exchange of electronic signal among financial institutions, rather than exchange of cash, checks, or perhaps other negotiable instruments. For a lot of consumers, electric banking means 24 hours access to cash by using a ATM or direct first deposit of paydays in to checking and cost savings accounts. Books Review While using extensive technology innovation and telecommunication, we have seen new financial division channels increasing rapidly both in the amounts and kind, from ATMs, telephone financial, PC bank to net banking. (Earring Wood and Story, 1996). Developing alternate distribution channels is not only essential in terms of minimizing costs and improving competition, but as well in terms of financial institution's capacity to retain the existing customer circumstance. (Kimball and Gregor, 1995) as well as to catch the attention of new customers. Sathye (1999) suggested a model to get Internet Financial in Australia is definitely significantly inspired by factors of system insecurity, circumstance of use awareness of service and its particular benefits, affordable price, accessibility to infrastructure and resistance to change. The change from traditional brick-and-mortar banking to E-Banking has been Programmed Teller Equipment (ATM) and so the full banking industry witnessed significant and extensive change. Technically, E-banking consists various types or systems, including mobile phone (both fixed line and cell phone banking, direct bill repayment (EFT), and PC or internet financial (Power, 2000). Weitzman, (2000), Lassar, Manolits and Lassar, (2005), Ehou and Chou (2000) recognized five simple services linked to online bank: view account balances, and transaction reputations, paying charges, transferring money between accounts, requesting credit card advance, and purchasing checks. Majority of banks of banks is definitely...

References: Allen, Catherine and Barr, Willium J., Intelligent Cards, Seizing Strategic Work at home opportunities. Irwin Specialist Publishing, Chi town, 1996. American Banker, " Cards briefs: 3 Aussie Banks Tests MasterCard, Smartcards” Vol. 161, no . 63, April, 1996, Online Model. Ashust, Indicate, " Visa for australia launches multi featured smart cards”, Financial Times, November 12, 1996, p-7

16

Ali Mohammad Mahboob, " Management Information Devices for present banking business: Bangladesh Perspective” South Oriental Journal of Management, India, Vol-07, Number 1& 2 Bank, David, " Intelligent Cards are open to new attack simply by Hackers, Declare Israeli Researchers”. Wall Street Journal, March 21, 1996, p-17 Basel Committee, " Electronic Cash: Provider Concerns and Regulatory Structure”. Statement by the Doing work Committee upon payments and settlement systems, Basel, 06, 1996 Barbara A. Great, " E-Money” Working Conventional paper, Federal Arrange Bank of Cleveland, Economical Research Department, August, (1997), pp-1-10 Kafig, Paul W., " Making payments in Cyberspace”, Economical Complementary, Government Reserve Lender of Cleveland, October 1, 1995 Stop Valerie, " Smart Card Opportunity, once crafted off, Is definitely Perking Up. ”, American Banker, Vol-161, no . 186, September twenty seven, 1999, On-line Edition Castaneda, Laura, " Cashless future”, San Francisco Share, September twenty-five, 1996, p-1 Denny T., " Electric Commerce Challenge”, Journal of websites Banking and Commerce, Vol. 3 no . 3, 06 1998 Federal government Deposit Insurance Corporation Label of Supervision, U. S. A (1999) " Electronic Financial: Security and Soundness Evaluation Procedures” Graham George, " world attempts a new way to pay. ” Financial occasions, November eight, 1996, p-3 Khan, A. R, (2007) " Lender Management” fourth ed. Dark red Publications, pp-312-347 Koprowski, Gene (1996), " The money corrigers: Digital Funds Innovators Discuss Bank, Pieces, Bytes, and Bucks”, Fortune ASAP, August 28 pp-68-74. The Those who claim to know the most about finance, " Digital dollars”, Drive 31, 2003 Thales-e-security, White-colored Paper, (2007), " Protection in Banking”, www.thales-esecurity.com Thales-e-security, White Newspaper, " General Cryptographic Knowledge”, www.Thale-esecurity.com World wide web: Thales-e-security. com

17

18

19



News

 Spiritual Discernment and Vocational Counseling Essay

Spiritual Discernment and Vocational Counseling Essay

Religious Discernment and Vocational Guidance Phyllis Pat Liberty University Abstract This kind of paper depends on a description showing how to make godly decisions through…...

 student Essay

student Essay

SAP NetWeaver BI as Enterprise Info Warehouse System Jürgen Herzog Head of Competence Centre Business Intelligence Global IT nike Group juergen. [email protected]…...

 Unit six Perds Day care Essay

Unit six Perds Day care Essay

P7 Task two Write a short report how you're setting promotes positive images of children and shows a diverse society. Include in your report: P7. 5 Make clear how the…...

 Roger Chillingworth’s Journal Composition

Roger Chillingworth’s Journal Composition

Doctor Roger Chillingworth July twenty first 1646 The minister's health is falling. I fear that if I do not find a solution to his ailment quickly…...

 Teaching is very important Essay

Teaching is very important Essay

Teaching is very important to me since it is not a task it is a job that has a lot of facets to it. A chance to present…...

 Fantasy Sporting activities and Matthew Berry Dissertation

Fantasy Sporting activities and Matthew Berry Dissertation

TOP STORIESSC SPORTSCENTER VIDEO CLIPS Anthony Davis, LeBron Adam, Stephen Curry Sign Up For Illusion Hoops Illusion basketball time is almost in this article, so enter…...