Online banking (or Internet banking or E-banking)
allows customers of a financial institution to conduct financial transactions
on a secure website operated by the institution, which can be a retail or
virtual bank, credit union or building society.
The common features:
SECURITY (ONLINE
TRANSACTION)
DEFINITION
§ Exchanging sensitive information without the
appropriate encryption technology or security measures can make a computer user
or identity particularly vulnerable.
ADVANTAGES
§ Online transactions take place at record speed,
oftentimes faster than a standard credit card transaction or check processing.
§ Online transactions can be monitored, recorded,
and key logged by a variety of hackers and third parties without the knowledge
or consent of the user.
There
are several ways to help ensure safe transactions on the Internet:
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IMPORTANT!!!!
TIPS TO MAKE SURE THE TRANSACTIONS IS DECURE
1. Use the latest Internet browser
2. Look for digital
certificates
3. Read the privacy policy
4. Only use one credit card
5. Never give out passwords or
user ID information
6. Keep records of all of your
Internet transactions
7. After you've made purchases
online, check your e-mail
8.
Not sharing passwords
ENTERPRISE WIDE TECHNOLOGIES AND METHODOLOGIES