online banking
Current Status of e-Banking
Channels in e-Banking available in Nepal
Automated Teller Machines (ATM)
Point of Sales (PoS)
Telephone Banking (Tele Banking)
Internet Banking
Mobile Banking (SMS Banking)
Current Status of e-Banking
Services Provided in e-Banking
In ATMs
Cash Withdrawal
Balance Inquiry
Fund Transfer is not available.
In PoS Terminals
Financial transactions are made via Cards.
Cash is debited from the client’s account(s).
Cash cannot be deposited.
Services Provided in e-Banking (contd…)
In Tele-Banking
Account Status check
Balance Inquiry
No fund transfer facility.
In SMS-Banking
Similar to Tele-Banking except telephone
Cell phone is required instead of telephone.
Current Status of e-Banking
Services Provided in e-Banking
In Internet-Banking
Fund Transfer within accounts (within the bank)
Get balance statement online
Pay bills online
Security measures in the Bank side
All banks that are providing internet-banking facility have the system consisting of the followings:
Password controlled system entry.
VeriSign issued Digital ID for the Bank’s server.
Secure Socket Layer (SSL) protocol for data encryption.
Firewall setup.
Frauds in e-Banking
Most popular frauds in e-Banking (worldwide) are
Card duplication
In this, the information in the cards are copied to another card.
Although the duplicated card may have other information, but the financial transactions are done from the original account.
Key Loggers
These are the programs which stores the characters as typed in the keyboard
The account no./passwords entered can be tracked via key loggers.
‘Phishing’ e-mails
E-mails pretending to be from the bank asking to input the username and password to update the information.
After submitting the information, the information passes to the false site where the information is captured.
In Nepal, no e-banking frauds have been found yet.
Lack of understanding of internet technology may be the reason.
E-banking is
Channels in e-Banking available in Nepal
Automated Teller Machines (ATM)
Point of Sales (PoS)
Telephone Banking (Tele Banking)
Internet Banking
Mobile Banking (SMS Banking)
Current Status of e-Banking
Services Provided in e-Banking
In ATMs
Cash Withdrawal
Balance Inquiry
Fund Transfer is not available.
In PoS Terminals
Financial transactions are made via Cards.
Cash is debited from the client’s account(s).
Cash cannot be deposited.
Services Provided in e-Banking (contd…)
In Tele-Banking
Account Status check
Balance Inquiry
No fund transfer facility.
In SMS-Banking
Similar to Tele-Banking except telephone
Cell phone is required instead of telephone.
Current Status of e-Banking
Services Provided in e-Banking
In Internet-Banking
Fund Transfer within accounts (within the bank)
Get balance statement online
Pay bills online
Security measures in the Bank side
All banks that are providing internet-banking facility have the system consisting of the followings:
Password controlled system entry.
VeriSign issued Digital ID for the Bank’s server.
Secure Socket Layer (SSL) protocol for data encryption.
Firewall setup.
Frauds in e-Banking
Most popular frauds in e-Banking (worldwide) are
Card duplication
In this, the information in the cards are copied to another card.
Although the duplicated card may have other information, but the financial transactions are done from the original account.
Key Loggers
These are the programs which stores the characters as typed in the keyboard
The account no./passwords entered can be tracked via key loggers.
‘Phishing’ e-mails
E-mails pretending to be from the bank asking to input the username and password to update the information.
After submitting the information, the information passes to the false site where the information is captured.
In Nepal, no e-banking frauds have been found yet.
Lack of understanding of internet technology may be the reason.
E-banking is