HIGH TECH E-BANKING
1.Write about payment system.
to BIS “A payment system consist of instruments, banking procedures and
typically interbank funds transfer that ensures and facilitate the circulation
of money. In essence, it facilitates corporation, businesses and consumers to
transfer funds to one other”.
2.Write a note on Real Time Gross
a funds transfer mechanism where transfer of money takes place from one bank to
another on a 'real time' and on 'gross' basis. This is the fastest possible
money transfer system through the banking channel.
3.Write about real time.
in 'real time' means payment transaction is not subjected to any waiting
period. The transactions are settled as soon as they are processed.
4.What is gross settlement?
settlement' means the transaction is settled on one to one basis without
bunching with any other transaction
national electronic fund transfer (NEFT) system is a nation-wide system that
facilitates individuals, firms and corporates to electronically transfer funds
from any bank branch to any individual, firm or corporate having an account
with any other bank branch in the country.
6. Write a note on Indo-Nepal
Remittance Facility is a cross-border remittance scheme to transfer funds from
India to Nepal, enabled under the NEFT Scheme.
7.Describe the term inter mobile
Mobile Payment system (IMPS) It is a service through which money can be
transferred immediately from one account to the other account, within the same
bank or accounts across other banks.
8.Write about Electronic Clearing
Service (ECS Credit)
“Credit-push” facility or one-to-many facility this method is used mainly for
large-value or bulk payments where the receiver‟s account is credited with the
payment from the institution making the payment.
9. What is Electronic Clearing
Services (ECS Debit)
as many-to-one or “debit-pull” facility this method is used mainly for small
value payments from consumers/ individuals to big organizations or companies.
10.What is E-payment ?
as defined as electronic payment is subset of an E-commerce transaction. It
includes electronic payment for buying/selling or services which are offered on
11.List out the various e-payment
12.Write about e-cash concept
13.Write a note on Electronic
defined as Electronic cash. It is an internet based system generated by a
computer.It allows fund to be transferred items should be purchased by
debit/credit card, cheque or money order.
14,write a note on
card is a plastic card that provides the card holder electronic access to his
bank account to withdraw cash or pay for goods and services.
card is a card issued by a financial company giving the holder an option to
15.Write about micropayment
is an E-commerce transaction involving a very small sum of money in exchange
for something made available online. such as application download, a service
web based content etc
16.What is EFT?
banking, also known as electronic funds transfer (EFT), is simply the use of
electronic means to transfer funds directly from one account to another, rather
than by check or cash.
17.Write about plastic money
money or ploymer money, made out of plastic, is a new and easier way of playing
for goods and service.
18.What is chargecard&photo
card is mean f obtaining a very short – term (usually around 1 month) loan for
customer photograph is imprinted on a card, then it is knows as photo card.
special GOLD VISA CARD with all its prestige, and additional service especially
designed for people looking for peace of mind in their second home.
19.Write about virus
computer virus is software that affixes itself to another program like a
spreadsheet or word document
20.What is Trojan?
viruses, Trojan do no replicate themselves and do not need a host program to
attach to .
21.What is key logger?
fraudster installs a software called “key logger” on the computer or the device
on which the customer in accessing online banking, the software copies to a
file, every keystock typed on that PC.