Describe the features of electronic banking, Computer Engineering

Assignment Help:

Question 1:

The Banking Act provides for banking services through interactive electronic systems.

(a) Describe the features of electronic banking.

(b) Show the responsibilities of commercial bank in the furtherance of e-banking.

Question 2:

Escrow dealings reduce the potential risk of fraud by acting as a trusted third party that gathers, holds and pays out money according to Buyer and Seller directions.

(a) Explain briefly the mechanism of escrow dealings and how the system operates to reduce fraud.

(b) Explain the obligations and duties of the escrow agent.


Related Discussions:- Describe the features of electronic banking

Modus ponens rule, Modus ponens rule: In fact the general format for t...

Modus ponens rule: In fact the general format for the modus ponens rule is as follows: like if we have a true sentence that states the proposition A implies proposition B and

What is load-through or early restart, What is load-through or early restar...

What is load-through or early restart? When a read miss happens for a system with cache the needed word may be sent to the processor as soon as it is read from the main memory

What is single program multiple data, Q. What is Single Program Multiple Da...

Q. What is Single Program Multiple Data (SPMD) SPMD is in fact a "high level" programming model which can be built on any arrangement of previously described parallel programmi

Manipulating logical expressions, Digital circuits also manipulate logicale...

Digital circuits also manipulate logicalexpressione.g. IF account is in credit THEN allow phoneto make calls.So a digital circuit must determine if somethingis TRUE or FALSE. Norma

Limitations of execution of instructions, Q. Limitations of execution of in...

Q. Limitations of execution of instructions? 1. Size of memory shown in 16 words while instruction is capable of addressing 210 =1 K words of Memory. However why 210 since 10 b

Show the major benefits of microprocessor, Q. Show the Major benefits of mi...

Q. Show the Major benefits of microprocessor? Microprocessor is a complete CPU on a single chip. The major benefits of microprocessor are:  Powerful butCompact; can

Convert the following into pos form, Q. Convert the following into POS form...

Q. Convert the following into POS form 1.  (AB + C + DC)(AB + BC + D) 2.  WYZ + XYZ + W'X'Y + W'XYZ 3.  XY + XZ + X'YZ' 4.   (A+B'+C) (AB+AC') 5.   F(A,B,C,D)=M(0,3,

What are semaphores, What are semaphores? Semaphore : A semaphore is a...

What are semaphores? Semaphore : A semaphore is a synchronization tool which gives a general-purpose solution to controlling access to critical sections. It s an abstract data

Briefly explain array processing in detail, Array Processing We have se...

Array Processing We have seen that for executing vector operations the pipelining conception has been used. There is other method for vector operations. If we have array of n p

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd