E-Banking Essay

3886 Words Apr 15th, 2012 16 Pages
Course Title: E-Commerce

Course Code: 435

An assignment prepared as a part of BBA program by the students of 4th year 2nd Semester, under direct supervision of Mohammad Mizenur Rahman, Assistant Professor, Department of
Business Administration, Shahjalal University of Science and Technology, Sylhet-3114.

Assignment on:

A Comparative Study on E-banking: A Study on Web information of Agrani
Bank Ltd. & Mercantile Bank Ltd.

Submitted to:
Mohammad Mizenur Rahman
Assistant Professor
Department of Business Administration
Shahjalal University of Science and Technology
Sylhet-3114

Submitted By:
Name

Registration No.

Subrata Ray

2007731005

Shams Md. Safwan Radi

2007731041

4th year 2nd Semester
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The security and authentication of modern banking are very much dependent on cryptography and its applications. With the expansion of global Information and Communication Technology (ICT) infrastructure and the internet, e-banking is set to play a pivotal role in the national economic development of any country. But appropriate software, technology, infrastructure, skilled manpower, and cyber law are crucial for the implementation of e-banking in the country.
Electronic banking helps to attain enterprise resource management as well as “e” to “e” process.
As such on line banking system can add value and value chain can be created in the e-business process. In turn it helps to raise gross domestic product (GDP) of the economy as a whole. EBanking facilitates instant access to account information, maintain control over the finances, saving time, avoiding trips and phone calls to the bank. It enables account access that isn’t limited to a specific PC and usages of money management software like Quicken and Microsoft
Money. Time of writing and clearing out bills, buying stamps, writing checks, and writing addresses on envelops every month could be saved. E-banking takes just minutes to setup an on-

line bill payment; and bills are paid directly from bank checking account. Further, setting up of future bill payments, or scheduling of monthly payments could

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