Electronic Fund Transfer: A study of security control in selected banks of Pune Region

Abstract

In Current Era all the banks are running along with the technology almost all the banks provides electronic find transfer either through cell phone or through computer system or through any other electronic device. There is need of software for performing such kind of transaction as well as enrolment of third party tool. Now a days ATM as well as other handhold devices like cell phone evolve in such transaction. All the banks working. While increasing technological impact in other hand barriers as well as theft in electronic transaction increases. Such as hacking, gaining access of cards, online fraud etc. The security while transferring fund is an important concern all the banks trying to increase security in online transaction. For the same they use several technological tools. This paper will discuss importance of security as well as measures taken care while implementing security in fund transfer.