E-Banking Nuts and Bolts
Banking business is subject to change, like everything else in this age of electronic communication. As a result, banking consumers today have more options then ever before: one can go to a traditional “brick and mortar” institution that has a building and personal service representatives; or one can go to a “brick and click” (as someone nicely called it) financial institution that has a physical structure but also provides Internet banking services. Finally, one can opt for a “virtual bank” that has no public building and exist only online. This chapter was conceived as your “ticket behind the Scene” to the world of e-Banking. You will see what is an e-Bank; what are the advantages and shortcomings of e-Banking; we will describe security problems related to it, and how those problems can be mitigated; we will try to shed some light on the subjects such as Internet bank architecture, the role of Application Service Providers, process of searching for financial information on the Web, etc.
KeywordsCredit Card Certification Authority Internet Banking Debit Card Secure Socket Layer
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