Digital banking

Andela Kaurinovic
Digital Reflections
2 min readJan 15, 2023

Digital banking has many advantages over standard banking:

1. Time saving
2. Provides complete control over your — you can check the balance and traffic of your
accounts and cards at any time, which is essential for quality management of your
3. Money saving — many transactions are cheaper to do through digital channels

Some of the basic features of digital banking products:
Mobile banking is an application that allows you to do the most important things about your finances, such as checking your account balance, money transfer, paying bills … using your mobile phone while having coffee with your friends or doing your daily chores. Using the mobile banking app for iOS and Android mobile phone platforms is absolutely safe. The application is usually protected by a personal PIN known only to the owner of the mobile phone.

Internet banking allows you to perform numerous financial transactions in a completely secure online environment. You sign up for Internet banking using a token or m-token — a device or a registration application, and the service can be used through computers or mobile devices. Through Internet banking, you can use a number of financial services in a very simple way, as if you were in your own bank branch: get informed and have an insight into the balance and turnover of your account, pay bills and transfer funds, use the currency exchange services or pay the loan installments. Even contract financial products and services.

3-D secure is online shopping program base on a 3-D Secure (Three Domain Secure) developed by Mastercard International and Visa International payment systems that authenticates each card user to their card issuer and thereby confirms their participation in the online shopping process. The service is used at online outlets that support Mastercard ID
Check and / or Verified by Visa Standard.

--

--