Wednesday, September 29, 2010
Overview of Internet Bank Accounts
Aside from the ability to bank in your bathrobe, what are the major advantages of internet bank accounts? The answer is simple: Annual Percentage Yield (APY). By conducting your transactions online, you save the bank money which it ideally passes on to you in the form of higher savings rates.
Tuesday, September 28, 2010
Security Of Online Banking
• The PIN/TAN system where the PIN represents a password, used for the login and TANs representing one-time passwords to authenticate transactions. TANs can be distributed in different ways, the most popular one is to send a list of TANs to the online banking user by postal letter. The most secure way of using TANs is to generate them by need using a security token. These token generated TANs depend on the time and a unique secret, stored in the security token (this is called two-factor authentication or 2FA). Usually online banking with PIN/TAN is done via a web browser using SSL secured connections, so that there is no additional encryption needed.
• Signature based online banking where all transactions are signed and encrypted digitally. The Keys for the signature generation and encryption can be stored on smartcards or any memory medium, depending on the concrete implementation.
Wednesday, September 22, 2010
Why Online Banking Is Important For Financial Stability and Saving Money
Online banking is still a concept that many consumers are somewhat leery about. With the increase of security concerns on the internet, people do not always feel comfortable checking out their personal financial status in an online venue. However, it is important to note that major financial institutions do not take security lightly. Consumers can also protect themselves by creating strong passwords as part of the log in process to add to their security measures and allow the convenience and ease of online banking to help improve their financial situation.
Tuesday, September 21, 2010
How to prevent tabnapping
Movemont of online banking
The beauty of online banking is that, in theory you can manage your money more easily. Even better, you can earn a very competitive return.
Thursday, September 16, 2010
网上银行的缺点
每当变成一个互联网的传统服务,总是有优点和缺点,以使从旧到新的服务过渡。这个说法是正确的,甚至为网上银行业务有利也有弊。
你会遇到的一个缺点在您的研究是立即启动时间可能很长。为了注册一个网上银行帐户,您必须提供识别标志,甚至可能在您当地银行分行的形式。此外,如果你和你的伴侣想一起网上管理帐户,那么你有可能要签署该银行将允许您打开一个在线银行帐户的授权书持久的动力。这个过程可能需要一段时间,是一个巨大的不利人不具有足够的空闲时间作出转让。
另一个不利之处是对于大多数人来说主要的问题是信任。他们可能不知道如果他们的交易经历了成功,或者如果他们在正确的按钮按下。最好的办法来克服这种不安是要打印收据的交易习惯。
Wednesday, September 15, 2010
Tabnapping
Tabnapping targets people who keep multiple tabs open in their browser, often for long periods of time. The fraudsters then use JavaScript to change the contents and label of an open, but not active, tab to resemble the log-in screen of a bank, email provider or online shopping store.
When a user clicks back onto the tab to find the fake log-in screen, they assume that they have been logged out and re-enter their user information and password to log back in. When they enter these details, the personal information provided is sent straight to the fraudsters.
The url in the browser’s address bar is not necessarily altered by tabnappers, so checking the url is the legitimate url of the service provider is not a sufficient precautionary measure.
The fraudsters may even put an additional message on the fake log-in screen, saying that the session has timed out and the user needs to re-enter their log-in details. This is a message that appears on legitimate websites, particularly on banks, increasing the likelihood that the user thinks the log-in screen is trustworthy.
History
The precursor for the modern home online banking services were the distance banking services over electronic media from the early 1980s. The term online became popular in the late '80s and referred to the use of a terminal, keyboard and TV (or monitor) to access the banking system using a phone line. ‘Home banking’ can also refer to the use of a numeric keypad to send tones down a phone line with instructions to the bank. Online services started in New York in 1981 when four of the city’s major banks (Citibank, Chase Manhattan, Chemical and Manufacturers Hanover) offered home banking services using the videotex system. Because of the commercial failure of videotex these banking services never became popular except in France where the use of videotex (Minitel) was subsidised by the telecom provider and the UK, where the Prestel system was used.
The UK's first home online banking services was set up by Bank of Scotland for customers of the Nottingham
Building Society (NBS) in 1983. The system used was based on the UK's Prestel system and used a computer, such as the BBC Micro, or keyboard (Tandata Td1400) connected to the telephone system and television set. The system (known as 'Homelink') allowed on-line viewing of statements, bank transfers and bill payments. In order to make bank transfers and bill payments, a written instruction giving details of the intended recipient had to be sent to the NBS who set the details up on the Homelink system. Typical recipients were gas, electricity and telephone companies and accounts with other banks. Details of payments to be made were input into the NBS system by the account holder via Prestel. A cheque was then sent by NBS to the payee and an advice giving details of the payment was sent to the account holder. BACS was later used to transfer the payment directly.
Stanford Federal Credit Union was the first financial institution to offer online internet banking services to all of its members in October 1994.
Today, many banks are internet only banks. Unlike their predecessors, these internet only banks do not maintain brick and mortar bank branches. Instead, they typically differentiate themselves by offering better interest rates and online banking features.
Faedah online banking
Hari ini ketika internet menjadi lebih dan lebih umum digunakan, banyak jenis usaha atau bisa dijumpai di internet. Namun, perbankan online masih belum banyak digunakan oleh masyarakat. Melalui penjelasan ini kita bisa melihat sisi baik dari perbankan online.
Pertama, perbankan online nyaman. Hal ini membolehkan anda untuk melakukan transaksi, membayar bil dan cek baki kapan saja. Bank hampir tidak pernah tutup kerana sebagai diakses sebagai komputer PC atau laptop. Di mana pun anda berada di negara atau di dunia, anda boleh melawat bank online anda dan menangani masalah-masalah wang. Anda juga boleh menjadualkan untuk membayar beberapa penerima bayaran dahulu. Bank anda secara automatik akan menghantar bayaran atas nama anda dalam jumlah dan pada tarikh yang anda tetapkan.
Kedua, perbankan online dengan cepat, cekap dan berkesan. Melalui internet, transaksi biasanya dilakukan dan dilaksanakan di peringkat yang lebih cepat daripada menggunakan ATM. Selain itu, bank online memberikan anda kemampuan untuk mengendalikan beberapa akaun bank dari satu halaman. Sebahagian besar halaman perbankan yang serasi dengan program seperti Quicken dan Microsoft Money, sehingga mereka lebih berkesan membolehkan pengurusan aset.
URL list of Online Banks
1. AmBank - http://www.ambg.com.my/
2. Affin Bank - http://www.affinbank.com.my/
3. Alliance Bank - http://www.alliancebank.com.my/
4. CIMB Bank - http://www.cimbbank.com.my/index.php?tpt=cimb_bank
5. EON Bank - http://www.eonbank.com.my/
6. RHB Bank - http://www.rhb.com.my/
7. Hong Leong Bank - http://www.hlb.com.my/
8. Maybank - http://www.maybank2u.com.my/
Wednesday, September 8, 2010
MayBank Online Banking E-mail scam
Email From : maybank@security.com.my
Here’s how to get started:
1. Log in to Maybank online account (click here).
2. You must request for TAC via Maybank online banking – your TAC will be sent via SMS to the mobile phone number you registered. ( you can find the “Request a TAC” button in the Utilities menu of your account )
3. Logout from your account and close the browser.
4. When you have received the TAC (Transaction Authorization Code) on your mobile phone, go to our secured verification server and submit the requested information (Username, password and TAC). (click here) to go on our secured server.
5. Please allow 48 hours for processing.
Please comply and thanks for understanding.
© 2001-09 Maybank. All rights reserved.
Tuesday, September 7, 2010
List of Online Banks
- Affin Bank Berhad
- AmBank Group
- Alliance Bank Malaysia Berhad
- CIMB Group
- EON Bank Group
- RHB Bank Berhad
- Hong Leong Bank
- MayBank Berhad
Features
The common features fall broadly into several categories
- Transactional (e.g., performing a financial transaction such as an account to account transfer, paying a bill, wire transfer... and applications... apply for a loan, new account, etc.)
- Electronic bill presentment and payment - EBPP
- Funds transfer between a customer's own checking and savings accounts, or to another customer's account
- Investment purchase or sale
- Loan applications and transactions, such as repayments of enrollments
- Non-transactional (e.g., online statements, check links, cobrowsing, chat)
- Bank statements
- Financial Institution Administration -
- Support of multiple users having varying levels of authority
- Transaction approval process
- Wire transfer
Features commonly unique to Internet banking include
- Personal financial management support, such as importing data into personal accounting software. Some online banking platforms support account aggregation to allow the customers to monitor all of their accounts in one place whether they are with their main bank or with other institutions
Thursday, September 2, 2010
Online Banking Advantages
These days when the internet becomes more and more commonly used, many types of business or can be found in the internet. However, the online banking is still not much used by the people. Through this explanation we could see the better side of online banking.
Firstly, online banking is convenient. It allows you to perform transactions, pay bills and check balances anytime. The bank virtually never closes because it is as accessible as your PC or laptop computer. No matter where you are in the country or in the world, you can visit your online bank and handle money matters. You can also schedule to pay several payees ahead of time. Your bank will automatically send the payments on your behalf in the amounts and on the dates you specify.
Second, online banking is fast, efficient and effective. Through the internet, transactions are typically performed and executed at a faster rate than using ATM. In addition, online banks provide you the ability to handle several bank accounts from one site. The most of banking sites are compatible with programs like Quicken and Microsoft Money, so they allow more effective management of assets.
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