Podcast
Questions and Answers
What is the primary function of internet banking?
What is the primary function of internet banking?
Which of the following best defines mobile banking?
Which of the following best defines mobile banking?
What is one key feature of ATM banking?
What is one key feature of ATM banking?
Which statement accurately describes computerized banking?
Which statement accurately describes computerized banking?
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What type of e-banking service is primarily aimed at individual consumers?
What type of e-banking service is primarily aimed at individual consumers?
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What is a primary benefit of e-cheque authentication?
What is a primary benefit of e-cheque authentication?
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How does e-banking enhance the banking experience?
How does e-banking enhance the banking experience?
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What future trend is predicted for e-banking as technology advances?
What future trend is predicted for e-banking as technology advances?
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Study Notes
E-Banking Overview
- E-banking (electronic banking) revolutionizes how banks operate and customers interact with financial institutions.
- It provides accessible, efficient, and user-friendly financial services via digital platforms.
- E-banking allows electronic financial transactions via the internet or mobile apps.
- It covers a wide range of services from balance checks to fund transfers and loan applications.
Types of E-Banking
- Internet Banking: Allows secure online access to banking services. Users can check balances, make payments, and transfer funds without visiting branches.
- Mobile Banking: Provides convenient financial management through smartphones and tablets. Features include fund transfers, bill payments, and transaction notifications.
- ATM Banking: Automated Teller Machines (ATMs) enable cash withdrawals, deposits, and account inquiries 24/7 without human interaction.
- Computerized Banking: Uses computer systems for account management, transaction processing, and customer relationship management.
E-Banking Services
- Retail Services: Targeted at individuals, including online savings accounts, personal loans, and credit facilities.
- Wholesale Services: Focuses on businesses, offering services like corporate accounts, cash management, and international trade financing.
Security in E-Banking
- E-Cheque Authentication: Digital cheques are electronic versions of traditional cheques for faster payments. They use digital signatures and encryption for security and fraud prevention.
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Description
Explore the transformative world of e-banking that reshapes customer interactions with financial institutions. This quiz covers various types of e-banking, including internet, mobile, and ATM banking, highlighting their services and benefits. Test your knowledge on how digital platforms enhance banking efficiency and accessibility.
