Structure of E-banking

E-banking is a general term referring to various computer-based technologies for delivering

banking services. Electronic banking systems can be divided into two categories by the
functional characteristics
(i)Back-office electronic banking, and
(ii)Electronic financial instruments or front-office electronic services.
Back-office electronic banking provides information management services, and quick fund
transfer facilities both for traditional banking and financial instruments and electronic financial
instruments. Science inception of primary forms of electronic banking has been passed through
a comprehensive evolution process. Electronic banking services can be grouped into three
generations of evolution:

Generation of electronic Back-office Front-office Front-office

banking

First generation Ledger Cash dispensers

Cash management
Head office MIS

Second generation Transaction Telephone bill payment

Processing[offline]
ACHs Generation of
information for record
keeping
Fund transfer
POS systems
Check verification
ATMs Authorization

Third generation On-line transaction Automatic fund transfers

processing On-line banking
Centralized processing at Home banking electronic
country level Direct deposit
Internet banking Check truncation
Inter bank transaction Electronic Fund Transfer
processing Internet Banking