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Why do banks use computer networks?
* TO maintain account details of customer * cash inflow and out flow * credit and debit details * cheque details * staff details * payroll management * fund transfer * funds management * liabilities and asset records * online banking transaction details * generation of reports visit : http://ezdia.com
How do you get access to encrypted server connetion on my computer?
You usually get connected to an encrypted server when you need to enter personal details - such as bank account numbers or passwords. You have no legal right to see anyone else's data over the intenet.
Would you recommend a divisional structure by geographic area product customer or process for a medium sized bank in your local area why?
Would you recommend a divisional structure by geographic area, product, customer, or process for a medium-sized bank in your local area? Why?
What computer network layout does a bank use?
Bus Network Topology.
What are the scope and limitation of online reservation?
• Reservation by the customer is available online by filling up the reservation form. • Customer can also make a reservation through phone or by walk-in. • Customer can reschedule his schedule. Limitation • The system is through online. • Customer can only pay in bank account of BDO & Western Union. • The customer message will be sent thru the e-mail of the customer within 24 hours.
Why would a Bank use database?
For storing customer details
How does electronic funds transfer point of sale related to smart card?
The chip in the smart card holds the customer's bank account details. The EPOS machine reads the embedded chip - and, provided there are funds available, transfers the money directly from the user's bank account to the store's bank.
Can a bank manager get the details of a person with his account details?
Yes, a bank manager can access a customer's account details, including personal information, provided they have the necessary permissions and are following the bank's privacy and data protection policies. Access to such information is typically restricted to authorized personnel to ensure customer confidentiality and security. However, the specifics can vary depending on the bank's internal policies and regulatory requirements.
How computer virus are dangerous?
They steal valuable information. e.g passwords and bank details
What are the advantages for customer of using a computer at a bank from the customer point of view?
There are two answers, due to ambiguous wording. 1. Using the computer to access one's bank account from home reduces the need for travel, which saves on opportunity costs and fuel expenditures. 2. Using the computer at the bank itself significantly reduces the chance of malware stealing one's personal information.
What is CIF No in allahabad bank?
The CIF (Customer Information File) number in Allahabad Bank is a unique identifier assigned to each customer that contains all relevant information and details related to their banking relationship. This includes personal information, account details, and transaction history. The CIF number is essential for various banking services and helps in maintaining accurate records for customer accounts. Customers can typically find their CIF number on bank statements or by contacting the bank directly.
How is data retrieved from the online banking?
The bank has a database that contains details of every single customer and his account. It also contains details like the account balance, the list of transactions that have been done on this account etc. So when a customer logs into his online banking website, the system automatically connects him to his bank account and all his details are displayed on screen in a way that he can understand.
Is checking account statement mandatory?
Yes. It is mandatory. The bank is supposed to send a periodic statement to its customer to ensure that the customer can keep track of what is happening in their bank account. However, if it is a passbook account, an account where the bank issues a passbook for the account, sending statements is not mandatory because the customer already has a book that contains those details.
What is the phone number of icici bank adyar branch?
Hi, We are the Customer Service Team at ICICI Bank. Please write to us at care@icicibank.com with your query and contact details. Our official will get in touch with you to address your concerns. Regards, ICICI Bank Customer Service Team.
How can I find intermediary bank information?
To find intermediary bank information, you can contact your bank directly and ask for the details. Alternatively, you can check your bank's website or contact their customer service for assistance in locating the intermediary bank information needed for your transaction.
Can a bank freeze savings account citing kyc non-compliance?
Yes. The bank has the right to freeze a bank account (irrespective of the type of account) if they are not able to verify the KYC details of the customer. KYC stands for Know Your Customer and it is a process which checks the background of the customer and verifies his details like name, address, occupation etc. This is done to prevent illegal elements like terrorists or smugglers to gain access to the banking system. So, if your K YC fails, the bank may freeze your account to prevent illegal activities. If you can prove your details to the bank, then, they will be more than happy to re-instate your account.
How may imageprocessing by multimedia systems be used in banking?
An example may be found in banking systems that use computer-output microform devices to store images of checks and place several check images on the customer's bank statement
