Page 240 - DMGT303_BANKING_AND_INSURANCE

Unit 11: Innovations in Banking

11.21 Review Questions Notes

1. Discuss the various e-banking services offered by a bank.
2. 'Plastic money has replaced paper money'. Critically analyze this statement. What are the
limitations of credit cards?
3. What is e-banking? Discuss the advantages of ATMs.
4. Write short notes on:

(i) Internet banking
(ii) Tele-banking
(iii) Debit card
(iv) Smart card
5. Explain the various types of risks associated with Internet banking. How can they be
overcome?

Answers: Self Assessment

1. Debit 2. Payment
3. Debits 4. Kiosks

5. Partial MAC 6. False
7. False 8. True
9. True 10. Bancassurance
11. Lesser 12. Originator

13. Asset blocked 14. Hiree
11.22Further Readings

Books Magazines and Reports
"Mad rush to faulty ATM in France" BBC report about a cash machine not being
stocked correctly.

"ATM turns $5s into $20s" CNN/WAVY report, 9/14/06, about a hacked ATM at a
gas station.
Australasian Legal Information Institute.

Fun with Automatic Tellers Phrack Magazine Volume One, Issue Eight.
"Automatic Teller Machine Cards" Phrack Magazine, Phrack Classic Volume Three,
Issue 32.

Oxford Journals ITNOW.

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