~Business conducted over internet using application of:
Type:
E-BANKING
~ a financial institution to conduct financial transactions on a secure website such as: virtual bank, credit union or building society.
online banking need:
- personal Internet access.
- Internet banking customer accesses accounts from a browser.
- some transactional capabilities to retail customers over the World Wide.
common features:
- viewing account balances
- viewing recent transactions
- downloading bank statements
- Funds transfers
- Loan applications and transactions
~Exchanging information without the appropriate encryption security measures.
~ to ensure safe transactions on the Internet:
- Stored-value cards
- Smart cards
- point of sale (p.o.s)
- Digital cash
- E-wallets
- Online payment services