Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem 1:
 
a) In what way does e-banking differ from  traditional banking in terms of its services they offer? Provide suitable exs where necessary.                              

b) List and describe the role of different parties involved in an e-payment method

c) Outline the five (characteristics) that determine the acceptance of an e-payment method.
 
d) Electronic banking creates new risk management challenges for Banks.

Typically, all risks associated with traditional banking and products may be impacted with the introduction of e-banking services.  However, there are seven major categories of risk specifically associated with e-banking. The associated risks are  strategic, operational/transaction, technology, usiness, online fraud, reputation and legal. describe in detail the seven major categories of risk associated with e-banking.

problem 2:
 
a) Differentiate between symmetric and asymmetric encryption system.

b) Describe how a digital signature is created.

c) describe briefly what SSL (secure socket layer) is and how it can be applied to e-banking services to ensure security.
 
d) describe the steps involved in a SET(Secure Electronic Transaction.
 
e) In cryptography describe the following:

  • Authentication.
  • Non-repudiation.
  • Confidentiality.
  • Integrity.                     

problem 3:
 
a) Outline the main difference between a credit card and a debit card as a payment instrument.
 
b) Outline the role of the credit card Gateway and list down the steps involved when payment is processed via the payment gateway.

c) Outline briefly how biometric  systems work and give four exs of biometric measurements that can be used to identify a person.
 
d) Outline the importance of backup, recovery and business continuity procedures in an e-banking environment.
 
e) Outline briefly the following electronic payment methods:

  • E_Wallet.
  • Smart Card.

problem 4:
 
a) Briefly describe the Electronic Data Interchange (EDI), and list the benefits of EDI.       
 
b) List and describe the main components of MACSS.
 
c) describe briefly how the  S.W.I.F.T FIN Y-Copy works and outline the three main roles of the MACSS control system.
 
d) List down the three non-value functions (RTGS) related enquiries that are supported by MACSS participants interface (Web Server).
 
problem 5:
 
a) Define e-check.and list two benefits of e-check.
 
b) Using Authorise.net portal as an ex, describe the steps how e-check works.
 
c) What Is Online Futures Trading? What are the advantages and disadvantages of online future trading?
 
d) describe the E-Cash concept, its advantages and disadvantages.
 
e) In managing the strategic risk associated with e-banking services, financial institutions should develop clearly defined e-banking objectives by which the institution can evaluate the success of its e-banking strategy. What are the e-banking objectives that should be taken into consideration?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M96190

Have any Question? 


Related Questions in Basic Finance

1 what are derivatives2 what is the difference between

1. What are derivatives? 2. What is the difference between hedging and speculating? 3. Why might a corn farmer want to hedge against volatile corn prices? 4. Would derivatives markets be better off if the only people buy ...

Name at least three reasons why some bolts fail

Name at least three reasons why some bolts fail mechanically ? What is the most common cause of bolted joint misbehavior or failure? Name at least two problems that can be caused by overtightening the bolts ? What do we ...

1 describe integrative management be specific concerning

1. Describe "integrative management." Be specific concerning the relationship between functionality and process. 2. In terms of enterprise extension, describe the importance of the information sharing and process special ...

1 what is the base salary of the international assignee2

1. What is the base salary of the international assignee? 2. How much is the G&S differential and how was it calculated? 3. How much is the housing differential and how was it calculated? 4. What type of allowance did th ...

Q1 what is the market value of the following bondcoupon

Q1. What is the market value of the following bond? Coupon 8% Maturity date 2038 Interest paid semiannually Par Value $1000 Market interest rate 10% Q2. What is the market value of the following bond? Coupon 9% Maturity ...

1 define the followinga a conditional sales contractb a

1. Define the following: a. A conditional sales contract b. A chattel mortgage 2. Under what conditions would a firm prefer the following: a. A "fixed-rate" term loan from a bank b. A "floating-rate" term loan, with the ...

What would be the cumulative scatter of the four variables

What would be the cumulative scatter of the four variables we used in the Figures 17.2 through 17.7 if we combined them arithmetically? How does this compare with the scatter computed in the text using the square root of ...

Explain an mncs strategy of diversifying projects

Explain an MNC's strategy of diversifying projects internationally to maintain a low level of overall country risk? Do you think that a full country risk analysis can replace a capital budgeting analysis of a project in ...

A columnist in the economist argues that the past ten years

A columnist in the Economist argues that: The past ten years have dealt a series of blows to efficient-market theory, the idea that asset prices accurately reflect all available information. In the late 1990s dot-com com ...

Using financial data from an appropriate source eg yahoo

Using financial data from an appropriate source (e.g. Yahoo Finance, Google Finance, annual reports, etc.), calculate the operating and cash conversion cycles for Darden Restaurants (ticker DRI). Explain what your answer ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro