Network Banking (21st Century University Financial Series Textbooks)

Author: Sun Sen, Editor-in-Chief
Publisher:
Publishing Date: 2004-02-01
Features: Online banking originated in the 1990s. With the rise of computer information technology and network technology, and driven by the development of e-commerce, online banking emerged. In the past decade, online banking has rapidly developed worldwide with the help of IT technology. The rise of online banking has undoubtedly brought a major transformation for traditional banks. It has not only allowed banks to keep pace with the knowledge economy era but also enabled consumers to experience a new service concept that is in sync with the times. Compared to the operating methods of traditional banks, online banking breaks through the limitations of time and space, theoretically extending the bank's service counters infinitely. It also boasts prominent features such as low transaction costs, secure transaction processes, convenient transaction operations, and shortened transaction times, marking a new stage for banking services and bringing vitality to the banking industry. The development of online banking in China has been very rapid. Since June 1996, when Bank of China was the first to launch a website to provide online banking services to the public, banks such as China Merchants Bank, China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of Communications, and China CITIC Bank have successively introduced online banking services. Currently, over 20 banks in China have hundreds of branches with websites and homepages, with nearly one-third of these branches engaging in substantive online banking services, and the number of customers has been increasing significantly year by year. All of this indicates that China's banks are on the fast track of developing online banking services. Connecting traditional banks with IT technology has provided a very good opportunity for sustainable development. At the same time, it has also raised higher requirements for cultivating interdisciplinary talents. In today's rapidly developing online banking environment, it is essential to cultivate a high-quality, interdisciplinary team of financial professionals who are well-versed in both technology and financial operations. The writing and publication of Online Banking aim to provide universities and colleges with systematically and comprehensively introduced teaching materials on the operation and principles of online banking, meeting the societal demand for interdisciplinary financial talent training. This textbook is based on computer technology, grounded in computer networks, and centered on e-commerce, introducing the origin and development of online banking, the payment tools and operational processes of online banking, the business types and models of online banking, the economic characteristics and pricing strategies of online banking services, the development design and operational environment maintenance of online banking, the security technology and protective measures of online banking, and the supervision and prevention of online banking. This textbook can be used for teaching in financial and e-commerce programs at universities and colleges, as well as for business training and self-study for employees in the financial system.