Prepared Kaminnyk T. Examined Pyatnuchka T.I. Ternopil National

Prepared Kaminnyk T. Examined Pyatnuchka T.I. Ternopil National Economic University

Presentation on the topic

Internet banking (or Online banking) allows customers to conduct financial transactions on a secure website operated by their retail or virtual bank

The common function divided into some categories Transactional Payments to third parties Money transfers Investment buying or selling Payments within the bank

For operations using a standard browser (Internet Explorer, Opera, Mozilla, etc.).

History Online services started in New York in 1981 when four of the city’s major banks (Citibank, Chase Manhattan, Chemical and Manufacturers Hanover) offered home banking services using the videotex system.

History The UK's first home online banking services was set up by Bank of Scotland for customers of the Nottingham Building Society (NBS) in 1983.

Stanford Federal Credit Union was the first to offer online internet banking services to all of its members in October 1994.

Security There exist two different security methods for online banking.

Signature based online banking where all transactions are signed and encrypted digitall

The PIN system where the PIN represents a password

There exist several countermeasures which try to avoid attacks. To protect their systems users should use virus scanners and be careful with downloaded software or e-mail.

The end Thank you for attention!