Virtual Banking

- - TABLE OF CONTENTS 01.00............ EXECUTIVE SUMMARY 02.00............ TRENDS IN RETAIL BANKING 03.00............ ABOUT THE INTERNET 04.00............ VIRTUAL BANKING AND APPLICATIONS 04.01............ SMART CARDS 05.00............ EXAMPLES 06.00............ SECURITY ON THE INTERNET 06.01............ CRYPTOGRAPHY 06.02............ FIREWALLS 06.03............ TRUSTED OPERATING SYSTEMS 07.00............. REGULATIONS AND PROBLEMS 08.00............ CONCLUSION . 09.00.......... REFERENCES 01.00         EXECUTIVE SUMMARY The Internet is emerging as an efficient delivery channel for financial services. With Internet banking, customers do not need to have special bank-issued software. Banks maintain their identity and can differentiate themselves by customizing the services and information they …

…from a chip without on-line authorization. This makes for a two-second transaction versus an up-to-two-minutes one, and telecommunications costs are saved (Lunt, P., ABA Banking Journal, September 1995, p.46). 09.00 REFERENCES         Britt, P. (1995, February). Savings&Community Banker.                  Humpehreys, K. (1995). Security First Network Bank. http://www.sfnb.html.         Internet Banking. (1995, May 17). WebTech, Inc. Online information. Kay, A. (1995, August 14). Interactive Applications. Communications Week, 36-40.          Lunt, P. (1995, September). ABA Banking Journal, 46.         Wells Fargo Bank. (1995, May). The Orange County Register.