To operationalise online, internet, mobile banking, debit card and credit card tools, some of the essential ingredients are :
All of the above
Electronic banking channels need a legal framework, communication connectivity and a technology platform before they can be offered to customers.
Legal: electronic records, digital signatures and online transactions are valid and secured only under the Information Technology Act, 2000, so compliance with it is essential.
Connectivity: ATMs, card networks and branches in remote areas are linked to the central system through networks including satellite (VSAT) connections.
Platform: the bank must select a portal and secure servers to host internet and mobile banking and to process card transactions.
As all three are required, every one of the items is an essential ingredient.
Hence, the answer is All of the above.
Similar Questions
“Skimming” in e-banking refers to :
Important Questions from Mobile Banking
Mobile Money Identifier is a ________ digit code issued by banks to their customers.
Which of the following are objectives of Immediate Payment Service (IMPS)?
A. To enable bank clients to use mobile instruments as a channel for accessing their bank accounts and remit funds
B. To build the foundation for a full range of mobile based banking services.
C. To sub-serve the goal of Reserve Bank of India (RBI) in digital payments.
D. To make payments simpler with the mobile number of the baneficiary
E. To restrain a nation-wide payment system facilitating one-to-one funds transfer
Choose the most appropriate answer from the option given below:
Which three of the following types of cyber attacks may occur in the process of mobile banking?
a) Backdoor attack
b) Front door attack
c) Denial of service attack
d) Direct access attack
Choose the correct option from those given below:
The minimum capital requirement for a life insurance company in India is :
Universal banks that function as investment banks in India are regulated by :
