Bank N It

UNIT 2 COMPUTER APPLICATIONS IN BANKING Structure 2.0 2.1 2.2 2.3 Introduction Objectives why 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 remains Automatic Teller Machines (ATM) Point of deal Terminal Services of the Electronic Funds Transfer blind and Security Problems of the System Foreign and Domestic Electronic Banking 2.4 other(a) 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 check Reporting 2.5.1 2.5.2 2.5.3 2.5.4 Domestic Network Communication Network: Banknet industry of Banknet Selection of Banknet 2.6 Recent Technological Development 2.7 Summary 2.8 calculator simulation Answers 2.0 INTRODUCTION Banking is undergoing through a several changes recently due to enterprise up and integration of the world economy. The advancement in computer 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 get out look at how computerization is being done in banking sector, what are areas of computerization, and deal the technology behind it. 2.1 OBJECTIVES After going through this unit, you will be able to:  identify areas of computerization in banks make out the functioning of an automatic teller machines list the service of electronic fund transfer describe recent technological using in banks. 2.2 WHY COMPUTERISATION? Banking has undergone a sea-change in the last decennium 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 near essay, order it on our website: Orderessay

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