- Customer to Bank E banking : Basically E-banking is Internet based. Customers can easily access all important information relating to their deposits, remittance, and payments etc through internet at any time. Number of E banking facilities are available to customers now. For example ATM, credit cards, Electronic Data Interchange. EFT ete Likewise a customer can check his account statement at any time. He can transfer funds, Open a fixed deposit, Pay utility bills and recharge prepaid mobile/DTH and a lot more.
- Bank-to-Bank E-Banking : It is related with interbank transactions which are done between banks. This type of E-banking is driving extra nets, which is restricted to banks only. Hence it is well secured. Therefore there is less unauthorized access.
- Electronic Central Banking : (All banks within the control of a central bank are to be interconnected on extranet to facilitate clearing of cheques, management of cash reserves discounting of bills, open market operations, etc. The central bank can be connected with the Government treasury on extranet to carry out its functions as an agent of the Government. Likewise the central banks of all countries can be inter-linked with the I.M.F. World Bank, New Development Bank and other international financial institutions through extranets.
- Intranet Procurement : An intranet is meant for the exclusive use of the organization and its associates. It is protected from unauthorized access with security systems such as firewalls. For the internal transactions related to a bank, between the bank and its branches and subsidiaries. Intranet procurements of banking are required. At the same time. Extranet permits a bank to have full control over the users of intranet and the information to be transmitted.
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