Transcript Electronic and Internet -Based Payments

SERVICII
BANCARE ELECTRONICE
By Ligia Georgescu Golosoiu
TIPURI DE SERVICII BANCARE
ELECTRONICE
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Telephone Banking
Bankers Automated Clearing System /Sistem
automat de decontare intre banci
Clearing House Automated Payment
System/Sistem automat de plati pentru Casa
de compensare
Electronic and Internet -Based Payments Plati
electronice si prin Inrternet
Telephone Banking
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Acest serviciu consta fie in activarea vocii, de exemplu
computerul reactioneaza la vocea clientului si efectueaza
operatiunile in concordanta cu instructiunile acestuia, fie intr-o
activare electronica a vocii, de exemplu clientul vorbeste la
microfonul telefonului bancii si formeaza anumite numere
care, de fapt reprezinta o anumita tranzactie. Prin telephone
banking se pot efectua transferuru de fonduri, achitarea unor
facturi regulate, solicitarea de credite etc.
Clients request
Banks response
Bankers Automated Clearing
System & Clearing House
Automated Payment System
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BACS este folosit, in special, pentru efectuarea transferurilor
de fonduri dintre bancile membre ale sistemului si opereaza
standing orders, direct debits, plati de salarii, chirii. BACS is
dotat cu o banda magnetica care contine detalii cu privire la
conturile care urmeaza a fi debitate sau creditate. Aceasta le
sorteaza in ordine bancare si, apoi transmite bancii platitoare
detaliile relevante.
Transferurile efectuate prin CHAPS se efectueaza in
intregime prin intermediul calculatorului si reprezinta o
metoda garantata de efectuare a platii in aceeasi, in special
decontarea unor sume mari.
Electronic and Internet -Based
Payments
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Internet banking is a banking product which follows to the older
solutions like e-banking. E-banking represents a solutions which is
technologically obsolete, supposing at the client level of that
service a phone line and a computer dedicated for such a
operation, able to fulfill technical needs requested by the bank and
to run (execute) a software program necessary for the optimal
communication with the clients bank. In that way, the person
which will handle the e-banking application have to work only from
that computer which it is not very good for someone with a
dynamical job and with many physical places of working even in
different localities or countries.
Despite e-banking, the i-banking suppose the usage of a
computer from wide world on which is installed a browser and a
Internet connection. The performances of such a solution are far
away better also for the bank and to the end user (the client)
Internet Banking advantages
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Consumers can use their computers and a telephone modem to dial in from home or any
site where they have access to a computer even using a Internet Cafe Bar.
The services are available seven days a week, 24 hours a day.
Transactions are executed and confirmed quickly, although not instantaneously.
Processing time is comparable to that of an ATM transaction.
And the range of transactions available is fairly broad. Customers can do everything from
simply checking on an account balance to applying for a mortgage.
So, the advantages of internet banking are:
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Easy 24-hour access to account information and transactions
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Automatic checkbook balancing
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Current and accurate account balance
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No monthly fee for bill paying or account access
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Electronic transfer of funds between accounts
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Free bank wires
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Immediate access to statements and cleared checks.
Internet Banking disadvantages
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The most obvious: Technophones need not apply. You must
be comfortable using a computer.
Investment of time upfront can be formidable. The data entry
is necessary before the numbers can be massaged and
money managed successfully. Online bill payment is an
example of an effort that requires setting up which leads to
ultimate convenience.
Switching software or banks can mean re-entry of data,
although Internet-based systems are less impacted by this.
But competition seems to be minimizing this problem. The
personal finance management software Microsoft Money
enables users of competing software to import data easily.
Internet Banking Architecture
Browser
CBG
Web
Servers
SQL
Servers
BackOffice
Database
BackOffice
Application
Customer databases
:
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Clients
Bank’s
Database
Data Flow
Customer PC
Filling In
FORMS
- Budget Payments Orders
- ROL Payment Orders
- FCY Payment Orders
- Foreign Exchanges
- Time Deposits
- Statements of account
- Flow Chart of account
Bank Database
Sending…
Processing…
Response
CERTIFICATE REQUEST
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Certificates are information attached to electronic message for security reasons. They
are used especially to verify the identity of the person who sends a message and to offer
the receiver the possibility to crypt the answer. A person who wishes to send an
encrypted message has to request first of all a certificate from a Certification Authority.
The Certificate Authority issues an encrypted certificate which contains the public key of
the one who requested the certificate and other authentication information. The receiver
of an encrypted message uses the public key of the Certification Authority to decrypt the
attached certificate, checks is the message was issued by the Certification Authority and
obtains the public key of the sender of the message and the authentication information
contained in the certificate. With this information, the receiver of a message may send a
encrypted message.
Certificate installation
After the bank issued the certificate the client must visit again the bank’s web address to install it.
CONNECTING…
- In order to have access to the Internet Banking Service the client have to
visit the again the web address
- The first page displayed will look exactly as the one presented below.
The Login Name and User PIn are specified in the document that
client received from the Bank in a sealed envelope. The User PIN
provided by the bank is to be used only for the first connection, the
user being obliged to change it after the first connection.
- After filling in all the information the client have to press the OPEN PIN
button.
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PAYMENTS USING IBanking
Payment Orders in
ROL:
In the list of beneficiaries he will find
the ones he have previously input. If
he did not input any beneficiary, the
only available option is New. When
selecting this option on the right side
of the list there will be displayed a
field having initially the value New. In
this name he should input the name
of the beneficiary.
Payment Orders in
Foreign Currency:
When the user select the New option,
on the right side of the list box will
appear a field where he have to enter
the name of the beneficiary. Then there
are filled in the address of the
beneficiary, the details regarding his
bank (address, city, SWIFT code), his
account, the amount to be paid and the
details of the payment.
FOREIGN EXCHANGE ORDERS
Foreign Exchange
Buy Orders:
Foreign Exchange
Cross Orders:
Foreign Exchange
Sale Orders:
TERM DEPOSITS
When this page loads the details of clients
company are automatically completed.
The account from which he want to create the
deposit has to be selected from the list. This list
contains all the current account for the selected
currency. Then, the user have to fill in the amount
of the deposit as well as the period for which the
deposit is made.
Depending on the currency that the client have
chosen there are available certain types of
periods. Also, he may specify a certain number of
days for the deposit. The interest rate of this
deposit is negotiable and may be filled in by him.
STATEMENTS OF
ACCOUNT