Saturday, April 13, 2013

Basic Components of E-Banking

The System of E-Banking contains the following four(4) components.

Banking System Software: Which is settled up in the computer for providing the clients with different type of transaction facilities.
Communication Network: Both dial-up telephone and radio link are being used as communication network.
Delivery Channel: Banksy, Euroclear, SWIFT ete are being used in corporate banking, small business banking and even in individual and family banking.
Switching System: Switching system is being used for transaction banking transaction in their right place trough computer.

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