Internet Banking Flashcards

1
Q

Internet banking advantages

A

•Transactions are faster and cost less
•You do not have to go to the bank wait in long lines

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2
Q

Internet banking disadvantages

A

Must learn new skills
Confidence in electronic transactions

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3
Q

Safe Internet banking
Protect customers when they use banking online

A

•some banks use an on screen keyboard to eliminate the danger of keyloggers
•Banks usually issue per session passwords via SMS for certain transactions
•Banks post prominent warnings and safety tips on their websites

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4
Q

How should users protect themselves when banking online??

A

•Do not use public computers for banking services
•Follow good password practices
• never click on a link in an email apparently from a bank

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