Bank N It

UNIT 2 COMPUTER APPLICATIONS IN BANKING Structure 2.0 2.1 2.2 2.3 Introduction Objectives wherefore Computerisation? Identification of Areas for Mechanisation 2.3.1 2.3.2 2.3.3 2.3.4 2.3.5 2.3.6 2.3.7 Computerisation in Clearing Houses Electronic silver Transfer form Automatic Teller Machines (ATM) Point of exchange Terminal Services of the Electronic Funds Transfer sham and Security Problems of the System Foreign and Domestic Electronic Banking 2.4 otherwise Areas for Computerisation 2.4.1 2.4.2 2.4.3 2.4.4 2.4.5 2.4.6 Teller System Signature Storage/Retrieval System On-line Terminal at Corporate guest Sites Customer Authentication Credit Cards Office Automation 2.5 Communication and Networking for best(p) Reporting 2.5.1 2.5.2 2.5.3 2.5.4 Domestic Network Communication Network: Banknet application of Banknet Selection of Banknet 2.6 Recent Technological Development 2.7 Summary 2.8 amaze Answers 2.0 INTRODUCTION Banking is undergoing through a several changes recently due to coal scuttle up and integration of the world economy. The advancement in reckoner and communication technology is another reason for fast computerization of banking operations. It has brought a paradigm shift in banking transaction from paper based to electronic transaction.

In this unit, we go away look at how computerization is being done in banking sector, what are areas of computerization, and handle the technology behind it. 2.1 OBJECTIVES After going through this unit, you will be able to:  identify areas of computerization in banks name the functioning of an automatic teller machines list the service of electronic fund transfer describe recent technological learning in banks. 2.2 WHY COMPUTERISATION? Banking has undergone a sea-change in the last decennary owing to several factors, such as, deregulation, internationalisation, competition, and inter-linking of money, forex and capital markets etc. To a certain extent, these changes have been facilitated or... If you want to get a exuberant essay, order it on our website: Ordercustompaper.com

Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!