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    Transfer of Funds - A Clearing House - Computer Based System To Perform Transactions Electronically

    Uploaded by

    edrich_mba11
    The document discusses various electronic funds transfer methods including EFT, EMT, mobile banking, and internet banking. EFT involves transferring funds electronically through a clearing house system. EMT allows users to transfer funds between existing bank accounts safely without needing stamps. Mobile banking uses mobile devices to perform transactions like checking balances and making payments. Internet banking empowers customers to execute financial transactions from home but some don't trust the security.

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    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd

    Transfer of Funds - A Clearing House - Computer Based System To Perform Transactions Electronically

    Uploaded by

    edrich_mba11
    57 views10 pages
    The document discusses various electronic funds transfer methods including EFT, EMT, mobile banking, and internet banking. EFT involves transferring funds electronically through a clearing house system. EMT allows users to transfer funds between existing bank accounts safely without needing stamps. Mobile banking uses mobile devices to perform transactions like checking balances and making payments. Internet banking empowers customers to execute financial transactions from home but some don't trust the security.

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    eft

    Original Title

    EFT.pptx

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    © Attribution Non-Commercial (BY-NC)

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    The document discusses various electronic funds transfer methods including EFT, EMT, mobile banking, and internet banking. EFT involves transferring funds electronically through a clearing house system. EMT allows users to transfer funds between existing bank accounts safely without needing stamps. Mobile banking uses mobile devices to perform transactions like checking balances and making payments. Internet banking empowers customers to execute financial transactions from home but some don't trust the security.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    57 views10 pages

    Transfer of Funds - A Clearing House - Computer Based System To Perform Transactions Electronically

    Uploaded by

    edrich_mba11
    The document discusses various electronic funds transfer methods including EFT, EMT, mobile banking, and internet banking. EFT involves transferring funds electronically through a clearing house system. EMT allows users to transfer funds between existing bank accounts safely without needing stamps. Mobile banking uses mobile devices to perform transactions like checking balances and making payments. Internet banking empowers customers to execute financial transactions from home but some don't trust the security.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 10

    EFT

    Transfer of funds
    A clearing house Computer based system to perform transactions electronically

    1-1

    Types of EFT
    credit transfer Debit transfer Low value fund transfer High value fund transfer ATM transfer Electronic funds transfer at point of sale

    1-2

    EMT
    A retail banking service allows users to transfer funds

    1-3

    advantages
    Safe process Money sent or received through existing bank a/c There is no need to setting new a/c No need for stamps

    1-4

    disadvantages
    Time limit-30days
    Not reversible

    1-5

    MOBILE BANKING
    It refers to the provisions and availment of banking and financial services with the help of mobile telecommunication devices It is used for performing balance checks, account transactions, payments etc

    1-6

    Technologies enabling mobile banking


    IVR
    SMS WAP

    1-7

    INTERNET BANKING
    the banking transactions done through the internet has empowered customers to execute their financial transactions within the comfort of their homes

    1-8

    advantages
    Improves customer access Facilitate the offering of more services Increase customer loyalty Attract new customers

    1-9

    disadvantages
    Don't trust the services through the internet Fraud or proxy web sites queries

    1-10

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