Thursday, April 18, 2019

Topic is to be an emerging or new technology of some kind Research Paper

Topic is to be an emerging or cutting technology of some kind - Research Paper ExampleHowever, in the topical times when totally over the world there is rapid change of technologies, it is vital to adapt to newer technologies. New technology mustiness meet the need of customers and it must be easy to implement (Souder and Sherman, 1994, p.45). One such technology is brisk banking facility. In earlier days banks used to keep customers money in vaults and would only meet monetary needs of the customers. Then financial data networks were create to facilitate electronic method of transfer of bills through interconnected banking system. Even then the customers had to be personally present in the bank to stick to or retrieve funds. Next ATMs provided the customers to do their banking in various locations. Now, more recently online banking through the lucre has reach a common occurrence. The latest technology in the line of banking facilities is roving banking. This technology hel ps the customers to do activities ilk 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) dangerous 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 lay down certain limitations that increase the risk operator in mobile banking. One major risk factor includes concern of confidentiality and integrity of data during transfer of information from and to banks wired core treat system and to wireless environment. There are many new(prenominal) limitations in mobile phone like small screen space, short battery life and lower processing speeds. There is withal the line of work of various data entry formats and also data storage capacity is limited. Attempts are being interpreted 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 salvage 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

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