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CHAPTER 8 : BANKING PRODUCT & SERVICES - Coggle Diagram
CHAPTER 8 : BANKING PRODUCT & SERVICES
Internet banking
Telephone banking
Voice recognition
Programmable telephone
Voice response
Electronic banking
Banking transaction using computer or electronic telecommunication
Home banking
Technology for consumers to effect their banking transaction right in the comfort of their homes.
Mobile banking
undertake monetary transactions remotely using mobile telecommunication devices like smartphones, tablet or cellular device.
It can take place through short message service (SMS), mobile web or application
Internet banking
Permits to person to manage his finance from anywhere in the world.
E-banking for consumer product
ATM
Function
Requesting for statement of accounts
Depositing cash & cheques
Cash withdrawals
Transfer of funds
A/c balance enquiry
Changing of pins
Risks
Forged card
Card stolen
Pin theft
Safety tips
Be bright
Dont flash your card
Stay alert
Guard your card
EFTPOS
Step
Pin for authorization
Receipt
Slide & insert
Electronic banking products
Credit cards
Charge cards
Debit cards
E-money
Card-based
Network-based
E-banking for corporate products
EDI is an an electronic bridge between banks and customers which carry detailed trading data & payment information
Types
Society for worldwide inter-bank financial telecommunication (SWIFT)
FAST
RENTAS
Done through financial electronic data interchange