The concept of internet banking has grown from the global financial houses, whose primary goal was to ensure that customers were always on their financial position of a part of the world. The main activities include money online and on-line loans. Online banking services hassle-free warranty and maintenance of the confidentiality, integrity and security. Persons residing in a country can make use of the Internet as a medium for the transfer of funds from this country to another, provided that the country is the transfer of money on the branch is located. The basic mode of operation is performed by the users to perform financial transactions on a secure website through their small or virtual bank, credit union or building society. Other large transactions, mostly through the Internet banking services include Electronic Bill Payment, loans, investments and bank statements. Financial institution management functions to manage the online experience of the end user and administration features allow hosting hosting management solutions for companies in the financial institution.
Functions that are specific to Internet banking include Personal financial management support, accounting software & Personal Account aggregation allow customers to monitor all your accounts in one location, whether they are with their bank or other institutions. Privacy and security is possible through a unique password authentication. In most of the shopping websites are not secure enough for personal online banking applications, hence the use of a single password. In essence, a few ways to access the secure transaction. The first is a combination of PIN (Personal Identification Number) / TAN (Transaction Authentication Problems Type Number), where Pin is a password to log in and Tan single password to authenticate transactions. Usually online banking with PIN / TAN is done via web browser using the SSL secure connection, so there is no need for additional encoding. The second option is a signature based on online banking, where all transactions digitally signed and encrypted. The keys for signature generation and encryption can be stored on the smart card or a storage medium, depending on the specifi
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