Running Head: MOBILE BANKING TECHNOLOGY Mobile Banking Technology In this new era of fierce global competition it is vital for any industry to adopt new technologies with changing times. There often remains a huge gap in the technical promise while introducing a new technology and effectively putting it to work and this is a grave concern for the management…
Download file to see previous pages...
However, in the topical times when all over the world there is rapid change of technologies, it is vital to adapt to newer technologies. New technology must meet the need of customers and it must be easy to implement (Souder and Sherman, 1994, p.45). One such technology is mobile banking facility. In earlier days banks used to keep customers’ money in vaults and would only meet financial needs of the customers. Then financial data networks were create to facilitate electronic method of transfer of funds through interconnected banking system. Even then the customers had to be personally present in the bank to deposit or retrieve funds. Next ATMs provided the customers to do their banking in various locations. Now, more recently online banking through the internet has become a common occurrence. The latest technology in the line of banking facilities is mobile banking. This technology helps the customers to do activities like transferring funds, checking balances, paying bills from their cell phones. Now customers rarely need to go to the bank to do their banking (Stair and Reynolds, 2009, p.17). ...
(Krugel, 2007, p.3) Insecure edge of mobile banking technology Today customers do most of their banking either through personal computers or mobile phones. Mobile phones are in these days internet-enabled and private data either stay on a single device or float in the cyberspace and thus can be vulnerable to misuse (Mukherjee, 2008, p. 61). Mobile phones were primarily built for voice communications and as such have certain limitations that increase the risk factor in mobile banking. One major risk factor includes concern of confidentiality and integrity of data during transfer of information from and to bank’s wired core processing system and to wireless environment. There are many other limitations in mobile phone like small screen space, short battery life and lower processing speeds. There is also the problem of various data entry formats and also data storage capacity is limited. Attempts are being taken to reduce the risk factors through wireless markup language and wireless application protocol. The mobile manufacturers are also trying to improve the devices. But other risks which include security threat and authentication are still major issues of concern and unless measures are taken to resolve the security issues, mobile banking can never become the dominant channel for banking. Mobile technology of today can provide wide range options for mobile banking services. While some options can ensure high level of security there are other options which cannot promise the same security level. There is possibility to minimize the risk factors by introducing operational controls. In developing countries mobile handset technology is not of the highest level. In these countries risks of mobile
...Download file to see next pagesRead More
Cite this document
(“Topic is to be an emerging or new technology of some kind Research Paper”, n.d.)
Retrieved from https://studentshare.org/nursing/1427862-topic-is-to-be-an-emerging-or-new-technology-of
(Topic Is to Be an Emerging or New Technology of Some Kind Research Paper)
“Topic Is to Be an Emerging or New Technology of Some Kind Research Paper”, n.d. https://studentshare.org/nursing/1427862-topic-is-to-be-an-emerging-or-new-technology-of.
This study examines social media from a sociological perspective examining it for its negative and positive effects. While it’s difficult to make proclamations about the future of social media, one would surmise that increased levels of segmentation would occur, further allowing individuals with similar personalities and interests to find and interact with each other.
All walks of life have been improved due to the integration of computing technologies and devices. Technology has always worked to improve lifestyles of humans. Researchers and software developers have not only worked to make life better for people with traditional needs, they have also played their role to invent new tools and technologies for individuals who have special needs.
A recent proposal by Purdue scientists tries to overcome one of the most fundamental problems with so-called biofuel: the high cost of transporting the starting material. If you’re going to take a substance such as wood chips or straw and convert it into a usable fuel, you quickly find that it takes a large amount of the biomass in order to make just a small amount of fuel.
Technology has intervened so deeply in the lives of humans that it has become almost impossible to imagine life without it. The conventional modes of education have been replaced with new and innovative techniques to improve the learning processes. It is due to this technological intervention and initiation of innovative processes that education has turned a new leaf.
Regarding the structure of hurricane not much is known but frequent showers, light winds and warm, moist air are some conditions that are responsible for formation of hurricanes. (Tannehill, 1934, pp. 3, 4) On 29th August, 2005, at daybreak Hurricane Katrina struck the Gulf Coast.
As such, we are all coexisting with technology in one way or another as it has become a secondary basic requirement for survival. This dependence has developed into branched consequences; both positive and negative.
The early improvement of sun-powered advancement started in 1860’s and was determined by the assumptions that natural occurrence of coal will get utilized and will become rare. Nonetheless, improvement of sun oriented innovations stagnated in the early twentieth century notwithstanding the expanding accessibility, economy, and utility of coal and petroleum.