Thesis Electronic Banking

Thesis Electronic Banking-64
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It is a form of banking in which funds are transferred through an exchange of electronic signals between financial institutions, rather than an exchange of cash, checks or other negotiable instruments.

The growth in use of the Internet world-wide and the development of procedures enabling secure transactions on-line have created the new field of on-line banking, where customers deal with their banks chiefly or entirely through Internet connections.

Course Title: E-Commerce Course Code: 435 An assignment prepared as a part of BBA program by the students of 4th year 2nd Semester, under direct supervision of Mohammad Mizenur Rahman, Assistant Professor, Department of Business Administration, Shahjalal University of Science and Technology, Sylhet-3114.

Assignment on: A Comparative Study on E-banking: A Study on Web information of Agrani Bank Ltd. Submitted to: Mohammad Mizenur Rahman Assistant Professor Department of Business Administration Shahjalal University of Science and Technology Sylhet-3114 Submitted By: Name Registration No. Safwan Radi 2007731041 4th year 2nd Semester The security and authentication of modern banking are very much dependent on cryptography and its applications.

In this age of Information Technology new inventions and innovations are affecting all the fields of life.

Almost all kinds of organizations are stepping into the field of IT, in an effort to increase their productivity and expand their customer bank. Today all the banks of the world are adopting the tool of Electronic Banking.With the expansion of global Information and Communication Technology (ICT) infrastructure and the internet, e-banking is set to play a pivotal role in the national economic development of any country.But appropriate software, technology, infrastructure, skilled manpower, and cyber law are crucial for the implementation of e-banking in the country.In some instances, this card may also be an ATM card.This is similar to using a credit card, but with one important exception: the money for the purchase is transferred immediately — or very shortly — from customer’s bank account to the store’s account.It enables account access that isn’t limited to a specific PC and usages of money management software like Quicken and Microsoft Money.Time of writing and clearing out bills, buying stamps, writing checks, and writing addresses on envelops every month could be saved.In turn it helps to raise gross domestic product (GDP) of the economy as a whole.EBanking facilitates instant access to account information, maintain control over the finances, saving time, avoiding trips and phone calls to the bank.One must have an agreement in advance with the institution to make such transfers.5) Point-of-Sale Transfers: Allows a customer to pay for retail purchases with an EFT (or “debit”) card.


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