exchange of currency have proliferated the Internet marketing world. Customers have faster and easier access to methods of exchange, deposits and payments, than ever before and the changes have come rapidly as more and more Internet commerce demands more and more ease of exchange. A global economy requires global economic infrastructure solutions to exchange of funds and to a large degree the Internet market has answered the call for change and availability of services. Yet, the substantial growth of Internet sales has also, arguably caused the growth of subsystems and infrastructural shifts that might not have been implemented with full knowledge of the implications of such actions. With security at risk and issues of currency exchange rates, not to mention global monetary regulations consumers must be aware of the type of services they are using and the way it might affect the efficacy of their transaction.
Internet Marketing not only…...
mlaPlander, B. "Credit Card Processing" http://www.west-wind.com/webconnection/MerchantProviders.asp
Phase 5 "RBC Case Study" http://www.phase-5.com/p5-case_studies/bank_tracking.php
Hoovers Online "Fact Sheet PayPal" -- /free-co-fin-factsheet.xhtmlhttp://www.hoovers.com/paypal/--ID__61321
Press again the ? arrow used for turning on the device.
You decide on a new PIN and enter it.
Retype it in order to confirm the new PIN.
At the finish press ? The initial arrow again.
After these easy steps you have personalized your Digipass and you are ready to use it in your online transactions.
In order to generate your personal access code, you will follow these steps:
1. Turn on the Digipass.
2. Choose "I" from the two options.
3. Enter the PIN code and press ?
4. A code will be automatically generated for you to access the Home Bank account.
Options
Once you entered your account, you can access:
the General Information section where you have information about the situation of your account, the number as well as the sum of money available and the credit limit the Transfers section where you have the possibility to process a new transfer, to see the payments made as…...
Online Newspapers
For your information-Table of Contents provided at the end of the paper =Not a part of this paper- Extra information provided
eaders' response to online newspapers
The age of the internet has revolutionized the methods of communication and information exchange. A great deal has changed in the last decade with the information technology explosion. With more accessibility and economical port charges internet has made its presence felt in a number of avenues ranging from corporate desks to common households. This has enabled speedy communication procedures such as email, conferencing, instant messaging, web telephony, video conferencing and so on. Information that was hitherto difficult to access and obtain suddenly became available a click away. With increased usage and application of the internet and other virtual private networks (VPN), information was readily and easily available on the desktop. A user had little or practically no need to leave the confines of his…...
Online Newspapers
The newspaper industry, picturesque for centuries, symbolized novelty marked by downright, clear-cut representation of information and news and painstakingly categorized. eaders got used to repose faith in some bylines and be aware of indications of prominence, like the blaring headline in the form of a banner. A good number of people think a computer screen can never take the place of a newspaper. Online newspapers are securing a position for themselves, particularly among the news hunters, the computer users, and the youths, who perceive the Internet as the practical medium for information and news. The online medium is befitting for the people who have treaded ahead of MTV, afar Entertainment Tonight and also further than wired journal. (The Online Newspaper: A Postmodern Medium)
With its predisposition to distort and combine media, the online newspaper is not as clear-cut as its print brethren, despite the fact that it has every…...
mlaReferences
Clark, Matthew. (2002) "Online newspaper readership climbs" July 10. on 20 October, 2004http://www.electricnews.net/news.html?code=8117467Accessed
Coats, Rusty. (2002) "Online Newspaper" Volume 1; Number 3. May.
A www.moriresearch.com/news/presentations/2002_Online_Consumer_Study.pdf Accessed on 20 October, 2004
Facts about newspapers - 2002 / Page I" Retrieved at Accessed on 20 October, 2004http://www.naa.org/info/facts02/20_facts2002.html .
Cyber Attacks on Financial Institutions
Carmalia Davis
The finance industry has continued to receive more targeted and sophisticated cyber attacks from criminals. These criminals often email phishing campaigns to customers which have remained the most successful methods of targeting financial institutions. New innovations in banking, like online and mobile banking, have continued to create new vulnerabilities for cyber thieves. To minimize the efficiency of these attacks, banks have devised improved communication and educational tools for customers, and procedures for quick interventions in the event of an actual attack. However, beyond simply creating harmful software intended to hack online bank details, criminals have found ways to subvert the software and servers owned by prestigious financial institutions to make their phishing campaigns more effective; this technique is known as infrastructure hijacking (Pettersson, 2012).
In 1998, one of the foremost examples of infrastructure hijacking ever discovered is known as The Morris worm. This worm spread…...
mlaReferences
Cordle, I. P. (2014, August 7). TotalBank responds to computer security breach, Miami Herald. Retrieved from Comment by dkamari: are all of these cited in your paper? If not, do not list them.http://www.miamiherald.com/news/business/article1978822.html
Mossburg, E. (2015). A Deeper Look at the Financial Impact of Cyber Attacks. Financial Executive, 31(3), 77-80. Retrieved from http://eds.a.ebscohost.com.ezproxy.umuc.edu/
Crossman, P. (2015, March 5). Is Apple Pay a Fraud Magnet? Only If Banks Drop the Ball. Retrieved from American Banker: http://www.americanbanker.com/news/bank-technology/is-apple-pay-a-fraud-magnet-only-if-banks-drop-the-ball-107312
Dean, B. (2015, March 4). Why companies have little incentive to invest in cybersecurity. Retrieved February 18, 2016, from http://theconversation.com/why-companies-have-little-incentive-to-invest-in-cybersecurity-37570
Online banking, the ability to conduct banking transactions on the Web, is revolutionizing the way that consumers bank. ehind this transformation is information technology. With its use, banks have been able to scale and secure transactions, provide the same and often more functionality than brick-and-mortar banks and evolve from mass marketing to one-to-one marketing.
Consumer Readiness
The popularity of online banking is soaring with more than fifty million adults banking online in the United States as of November, 2004, an increase of forty-seven percent during the past two years (Sullivan, 2005). It is the fastest-growing Internet activity. Home broadband connections are credited with driving consumer adoption. Those with broadband access are about twice as likely to have tried online banking as users with dial-up connections because broadband encourages users to do more activities online. Demographic characteristics of those more likely to have broadband access include consumers between the ages of twenty eight…...
mlaBibliography
Fields, J.(2001, September). CRM and financial Services: like money in the bank. CRM Magazine. Retrieved February 14, 2005 from Web site: http://www.destinationcrm.com/articles/default.asp?ArticleID=1043
Hoffman, K.E.(2003, March/April). Beyond the firewalls. BAI Banking Strategies. Retrieved February 14, 2005 from Web site: http://www.bai.org/bankingstrategies/2003-mar-apr/beyond/print.asp
Katz, I. (2005, February 5). Online banking victim files suit; $90,000 lifted from account traced to Latvia. Sun-Sentinel. Retrieved February 14, 2005 from Web site: http://www.sun-sentinel.com/news/local/southflorida/sfl-zlopez05feb05,0,7861225.story?coll=sfla-home-headlines
Miranda, A.L. (2002, June 21). Information technology in financial services. Retrieved February 14, 2005 from Web site: http://strategis.ic.gc.ca/epic/internet/inimr-ri.nsf/fr/gr111851f.html
Online Banking
USAA Online Banking Analysis:
Assessment of Positive & negative Impacts & ecommendations
The USAA online banking system has been specifically designed to provide the financial institution's customers with reliable, secure and virtual access to their accounts and supporting banking transactions globally. Through the use of any Internet browser, USAA banking customers can quickly sign in, access and view account information, transfer funds, and set up and use automated payments for their personal and business-related bills. There are also a series of preferences which can be configured by customers to further tailor their online bank accounts to their specific needs. This is particularly useful for creating automated bill payment alerts and transactions to make sure bills are paid on or before the due date, new loan or savings accounts are securely created and managed, and enabling cash transfers to USAA and other financial institutions' accounts. One of the most challenging aspects of…...
mlaReferences
Chong, A.Y., Keng-Boon Ooi, Lin, B., & Tan, B. (2010). Online banking adoption: An empirical analysis. The International Journal of Bank Marketing, 28(4), 267-287.
Claessens, J., Dem, V., De Cock, D., Preneel, B., & Vandewalle, J. (2002). On the security of Today's online electronic banking systems. Computers & Security, 21(3), 253-265.
Lim, N., Yeow, P.H.P., & Yuen, Y.Y. (2010). An online banking security framework and a cross-cultural comparison. Journal of Global Information Technology Management, 13(3), 39-62.
Mavri, M., & Ioannou, G. (2006). Consumers' perspectives on online banking services. International Journal of Consumer Studies, 30(6), 552.
Banking Models
The service fee banking model is the most appealing to me, and frankly, I believe it is a model that is long overdue, an opinion that I will explain further later in this communication. A quick review of egulation CC, Availability of Funds and Collection of Checks, leads me to believe that financial institutions have more leeway in customer transactions than is appropriate. Moreover, I believe that egulation CC, while perhaps appropriately structured, is poorly implemented. That is to say that egulation CC is designed to protect financial institutions from unnecessary risk generated by individual banking customers. On a customer to customer basis, the risks management provisions of egulation CC seem excessive; it is only when one considers the absolute numbers of transactions that could conceivably fall into the egulation CC categories that an appreciation develops for the potential risk that egulation CC has the capacity to protect against.
The…...
mlaReferences
Bharath, S., Dahiya, S., Saunders, A., & Srinivasan, A. (2007). So what do I get? The bank's view of lending relationships. Journal of Financial Economics, 85, 368-419. Retreived from http://www18.georgetown.edu/data/people/sd/publication-7506.pdf
White, M.C. (2013, February 8). Online banking: more site outages and cyberattacks coming? Time. Retreived from http://business.time.com/2013/02/08/online-banking-more-site-outages-and-cyberattacks-coming/
Zein, A., Suryanarayanan, S., Dillon, D., & Weston, D. (2013, September 9). Shifting retail bank pricing models: Managing the transition to unbundled services. Deloitte University Press. Deloitte Center for Financial Services. Retreived from http://dupress.com/articles/shifting-retail-bank-pricing-models-managing-the-transition-to-unbundled-services/
In these exceptions, which may be a one-time transfer of funds from a 401k to an IA or to a mutual fund, the financial services firms need to create ethical safeguards to ensure the confidentiality and actual funds themselves are secure. The bottom line is that the financial services firms need to create a highly secure, customized and tightly integrated series of web-based online trading applications and tools to make sure individual investors can work to attain their investment goals.
Improvements for Online Trading as a Self-Service Strategy
There are many opportunities for improvement for Web-based online trading tools, starting with even stronger security specifically on the area of inter-fund transfers and the recording of transactions. Today many of these Web-based online applications store history only for 12 months, and do not provide an audit record back three or five years of all in-account transactions. This lack of multi-year audit capability…...
mlaReferences
AMR Research (2003) - Configuration is the Heart of Customer Fulfillment for Complex Product Manufacturers. AMR Research Report. Monday March 31, 2003. Retrieved from the Internet on April 19, 2007 at http://lwcresearch.com/filesfordownloads/ConfigurationIstheHeartofCustomerFulfillmentforComplexProductManufacturers.pdf
Columbus (2001) - Defining Your Direction in Guided Selling. AMR Research Report. October, 2001. Retrieved from the Internet on April 19, 2007:
http://www.lwcresearch.com/filesfordownloads/DefiningYourDirectioninGuidedSellin.pdf
Columbus (2002) - the Sell-Side E-Commerce Market: It's All About Integration. AMR Research Report. Monday April 1, 2002. Retrieved from the Internet on April 19, 2007:
Online Transaction Empowered by E-Currency Exchange without credit card
The growth of the internet on a public scale, since its arrival in the eighties has allowed businesses to expand internationally. User interactions are no longer restricted to the local level. Easy to use web interfaces allow voice, message and video-based conversations. Entrepreneurship is much easier than before as individuals can place their product catalogues on websites without much set up costs. Country specific currencies (such as the American dollar, Euro, upee etc.) tend to cause problems if users need to purchase something unavailable in their location. This led to the concept of 'E-Currency' which is geared towards online transactions as it removes usage limitations based on country or nationality. The popularity of this industry grew as a way of handling the restrictions imposed on global businesses. Privacy is a major concern in this regard since there are multiple web-based transactions involved.…...
mlaReferences
Christian, P.(n.d.) Speed-E-Money: A subsidiary of international load center. Retrieved from http://www.speed-emoney.com
n.a. (2002) Understanding the E-Currency and Exchange maker industries. Retrieved from www.financial-spread-betting.com/e-gold.pdf
n.a. (2011) Terms of service. Retrieved from http://www.e-currencybank.com/nview/title/Terms+of+services/?lang=english
n.a.(2011) E-Currency Fact Sheet. Retrieved from http://www.adl.org/internet/e_currency.asp
There are additional verification services for security in addition to interactive chat between buyers and sellers as well. eBay, Priceline.com ad Skyauction.com all use multiple layers of security to ensure fraud does not occur in their sponsored transactions. In reviewing potential flights on skyauction.com it is clear that going directly to an airline's website and shopping for specials can actually save money. It is apparent that the costs of running the site are included in the fees as well. Overall, if the deal was good enough for a flight and the security of the site could be verified, using an auction site would save a significant amount of money. Yet the risks associated with any online transaction with an unknown seller would have to be weighed against the benefits on a transaction basis. In other words I would be very careful about using an online auction site until I…...
mlaReferences
Dimitris Bertsimas, Jeffrey Hawkins, Georgia Perakis. (2009). Optimal bidding in online auctions. Journal of Revenue and Pricing Management, 8(1), 21-41.
Li-Chang Hsu, Chao-Hung Wang. (2008). AA Study of e-Trust in Online Auctions. Journal of Electronic Commerce Research, 9(4), 310-321.
Barbara B. Stern, Maria B. Royne, Thomas F. Stafford, Carol C. Bienstock. (2008). Consumer acceptance of online auctions: An extension and revision of the TAM. Psychology & Marketing, 25(7), 619.
UK anking Services
Use Michael Porter' diamond model to determine the specific sources of national competitiveness that have boosted/hindered the success of UK banking product/service's?
Factor conditions
Demand conditions
Related and supporting industries
Firm strategy, structure, and rivalry
Government
Chance
Suppose you were the international marketing manager of a UK bank, what would you recommend to your government on how it could boost the elements of competitiveness?
Technological growth
Expanse in the market
Study of the mechanisms of production
Influencing merger options within the diverse market
Appreciating change in the organization
Discuss which international trade theory best explains the pattern of international trade development in UK banking and why
ibliography
Abstract
anking is a lucrative activity that must be understood to have varying avenues of performance in the world. The UK anking services organization has an expanse of services that have been beneficial to many businesses and monetary exemplifications in the world. With this regard, this report has explored on the existence and significance of the UK…...
mlaBibliography
Buckle, M., & Thompson, J. (2004). The UK financial system: theory and practice.
Manchester [u.a.], Manchester Univ. Press.
Great Britain. (2011). The Government response to the Independent Commission on Banking.
London, Stationery Office.
Another issue worth mentioning is that prior to the acquisition of 2007, the BB&T employees were already being offered training programs in convenience banking. The programs were basically revolving around the techniques which would be implemented by the organization. In this order of ideas, the most focus was placed on the De Le ue coin counting machine and the Datacard 150i instant issue debit card machine. Employees were taught how to operate, maintain, balance and audit the according operations. Emphasis was also placed on the elationship Bankers in reference to the new account bounding process including free gifts and the efer-a-Friend process. The improvement plan sees the continued training programs which teach staff members how to most efficiently operate the new systems and how to explain their benefits and functionality to the customers. Also, BB&T should remain channelled on the emergent changes affecting the market and the industry and should…...
mlaReferences
2009, BB&T Corporation, Hoovers, -- /free-co-factsheet.xhtmllast accessed on February 9, 2009http://www.hoovers.com/bb&t/--ID__14758
2009, Website of the BB&T Corporation, accessed on February 9, 2009http://www.bbt.com/last
2007, InSite Communicating Within, BB&T Insite
Coastal Federal Bank Unveils the Carolina's Most Convenient Bank, PR Newswire
Internet Risk Management in the Banking SectorExecutive SummaryTechnological advancement in the banking industry, like in other economic sectors, has continued to increase. Banking organizations have allowed a wide array of products and services to become accessible and offered to customers via an electronic channel commonly known as e-banking or internet banking. According to Uppal, internet banking can be defined as a system that allows bank customers to access their accounts and available bank products and services information through a personal computer or other intelligent devices (39). E-banking offers numerous benefits to banks, businesses, and customers.For instance, customers can access any service they want without visiting a banks branch office. The technology is also convenient, easy-to-operate, time-efficient, and always available (it is not time restrictive). For banks, it has contributed to increased efficiency and competitiveness and reduced customer service time. The creation of new services for customers and small businesses, such…...
mlaWork CitedAlhawari, Samer, et al. “Knowledge-based risk management framework for information technology project.” International Journal of Information Management 32.1 (2012): 50-65.Atkins, Derek, et al. Reputational risk: a question of trust. Global Professional Publishing, 2006.Bodla, B. S., and Richa Verma. “Credit risk management framework at banks in India.” The IUP Journal of Bank Management 8.1 (2009): 47-72.Carlson, John, et al. “Internet banking: market developments and regulatory issues.” Manuscript, the Society of Government Economists, Washington DC (2001).Dorfman, Mark S. Introduction to risk management and insurance. (9th Edition). Englewood Cliffs, N.J: Prentice-Hall., 1998.Florina, Virlanuta, Moga Liliana, and Ioan Viorica. “RISK MANAGEMENT OF E-BANKING ACTIVITIES.” Annals of the University of Oradea, Economic Science Series 17.3 (2008). Georgescu, Mircea. “Some issues about risk management for E-banking, accepted paper series Social Science Research Network.” (2006).Hosein, Nasim Z. “Internet banking: Understanding consumer adoption rates among community banks.” Shantou University, Shantou, China (2010).Kumar, Muneesh, Mamta Sareen, and Eric Barquissau. “Relationship between types of trust and level of adoption of Internet banking.” Problems and Perspectives in Management 10, Iss. 1 (2012): 82-92.Nzevela, Anne K. The effect of internet banking risk management strategies on financial performance of commercial banks in Kenya. Diss. The University of Nairobi, 24 (2015).Ramakrishnan, Ganesh. “Risk management for internet banking.” Information Systems Control Journal 6 (2001): 48-51.Safeena, Rahmath, and Hema Date. “Customer perspectives on e-business value: a case study on internet banking.” Journal of Internet Banking and commerce 15.1 (2010): 1.Sergeant, Carol. “E-Banking: Risks and Responses.” U.K. Financial Services Authority (2000).Sokolov, Dmitri. “E-banking: risk management practices of the Estonian banks.” Institute of Economics at Tallinn University of Technology 101 (2007).Solanki, Virender Singh. “Risks in e-banking and their management.” International Journal of Marketing, Financial Services & Management Research 1.9 (2012): 164-178.Tarantino, Anthony. Essentials of risk management in finance. Vol. 53. John Wiley & Sons, 2010.Uppal, R. K. “Strategies to mitigate risk in internet banking.” International Journal of Management (2011).Zarei, Shapoor. “Risk management of internet banking.” International Conference on Artificial Intelligence, Knowledge Engineering, and Data Bases. Cambridge, UK. 2011.
Marketing in the anking Industry
Prescott Valley, Arizona
Abridged Literature Review
Reflective
Annotated ibliography
While there are many industries in the world that are growing at a rapid pace, one of them is exceedingly doing well. This is because it relies upon the monies and funds of its customers and greatly influences the other industries as well. This is the banking industry. Although a common part of every consumer's life, the banking industry has been growing and developing globally. To understand such growth, the attention instantly goes to the strategic and marketing techniques that have been applied by the people of this industry. Therefore, to gain a thorough and concise outlook of the marketing wonders that have continue to enable the banking industry to succeed at all fronts, the research topic that has been proposed for this research paper is 'marketing in the banking industry'. This topic will not only aid in understanding the marketing…...
mlaBibliography
Berger, A.N. (2003). The Economic Effects of Technological Progress: Evidence from the Banking Industry. Journal of Money, Credit, and Banking, Volume 35.
Chaneta, D.I. (2010). Marketing: Packaging and Branding. Journal of Comprehensive Research, Volume 8, 19-30.
Flaunet, M. (2012). Banking Industry Challenges. Retrieved from Deloitte: http://www.deloitte.com/view/en_LU/lu/industries/banking-securities/banking-industry-challenges/#.UlTYD9KBlac
Jr., G.P., & Hoskins, L. (2006). The Case for Market-Based Regulation. Cato Journal, Vol. 26, No. 3, 469-487.
With the increasing prevalence of online banking and transactions, ensuring the security of one's financial information is of utmost importance. This expository essay will explore the various security measures and best practices that individuals can employ to protect their online banking accounts and transactions from potential cyber threats. Some potential aspects to consider when refining your thesis statement could include focusing on specific cyber threats that individuals face in online banking, exploring different types of security measures and technologies available to protect financial information, and discussing the importance of educating users on safe online banking practices. You could also consider including....
Refined Thesis Statement:
The multi-layered security protocols employed by modern online banking platforms, combined with robust user awareness and vigilance, effectively safeguard financial transactions, mitigating cyber threats and ensuring the integrity of online financial services.
Supporting Arguments:
Multi-Layered Security Protocols:
Strong Authentication: Two-factor authentication (2FA) and biometrics provide an additional layer of protection by requiring multiple forms of authentication.
Encryption: Advanced encryption algorithms ensure that data is securely transmitted and stored, protecting against eavesdropping and data breaches.
Firewalls and Intrusion Detection Systems (IDSs): These systems monitor network traffic for suspicious activity and block unauthorized access.
Secure Socket Layer (SSL)/Transport Layer Security (TLS): Encrypts....
Technological Innovations: A Comprehensive Overview
Technological innovations refer to the introduction of new or significantly improved products, processes, or services that provide enhanced functionality, performance, or value to users. These innovations are driven by advancements in science, engineering, and technology and have the potential to transform various aspects of our lives.
Types of Technological Innovations
Technological innovations can be classified into different types based on their nature and impact:
Product Innovations: These involve the creation of entirely new products or substantial enhancements to existing ones. Examples include Smartphones, electric vehicles, and virtual reality headsets.
Process Innovations: These focus on improving the efficiency, productivity,....
Advancements in Technology: Shaping the Transition from the Industrial Age to the Information Age
The transition from the Industrial Age to the Information Age has been marked by profound advancements in technology that have fundamentally reshaped the way societies function and operate. These innovations have had far-reaching implications for industries, individuals, and the global economy as a whole.
1. Automation and Robotics:
Advancements in automation and robotics have transformed manufacturing processes, leading to significant increases in productivity. Industrial robots and automated systems have taken over repetitive and dangerous tasks, freeing up human workers for more complex and creative endeavors. The widespread adoption of....
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