MOBILE BANKING
Mobile banking refers to making financial transactions using a mobile device like a smartphone, tablet,etc.The transactions may range from monitoring account balance to paying bills and transferring funds.
There are three ways in which Mobile banking operates- SMS messaging. Mobile Web, and Mobile applications.
SMS messaging:You can get alerts and access account information. For example, to obtain an account balance,text
to your bank using the registered mobile number.
Mobile web: This option works similar to online account access from home based computer. You can operate your account by logging into your account via mobile web browser.
Mobile banking applications: These applications allow you to connect and access complete banking funti directly through the bank server, without going through the mobile web browser.
The mobile banking has several advantages including round the-clock service due to wireless and 3G/46 connect
global scope, and third-party financial institution by pass for international transfers
However, mobile banking is vulnerable to various cyber attacks like
* Backdoor attacks: Unauthorised access to systems.
*Denial Of service attacks: Preventing rightful user from accessing the system.
*Direct-access attack Intrusione malware includings and viruses.
E-SHOPPING
E-shopping or online shopping refers to buying products and services over the internet.
Online sellers describe their products and services through text, photos, and multimedia files. Consumers can purcha vast variety of products and services from any part of the world, Books, clothing, household appliances, toys, hard softwars, and health insurance are some of the myriads (multitude) of products which consumers can buy from an on store
ADVANTAGES OF E-SHOPPING
Convenience:In the cane of regular shopping, apenson shops at a general store. To perform this shopping task, one ha de to the store and find a parking place for the vehicle. Then one needs to walk on foot through the store until her locates the desired products. Moreover, after finding the right product one may need to stand in long queues at the counter.
However with online shopping the entire process is very convenient. A person just needs to log on to the intemzesa the anime shopping website and choose the desired item, The selected Item is then kept in a virtual shopping until the customer is ready to make the final purchase.
Information and Reviews: An online store provides reviews on the products. A customer gets additional information Instructions on products usage, manufacturer specifications, and safety procedures, etc. that heip in guiding them abe
the product.
Price and Selection: Another interesting feature is the cheap deals and better prices we get from the online because products reach us directly from the manufacturer or seller without any middlemen involved. They alo discount coupons and rebates. There is an infinite variety of products available online because online shopping a consumers to browse through products that are made all around the world.
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