Secure and Swift: Unleashing the Potential of Internet Banking in the E-Commerce Landscape

EasyChair Preprint 11808

Abstract

As the global economy continues to evolve, the e-commerce landscape has become increasingly dynamic and competitive. In this context, Internet banking emerges as a pivotal component, offering a secure and swift financial infrastructure that can significantly impact the growth and sustainability of online businesses. This paper explores the potential of Internet banking in the e-commerce sector, focusing on its role in enhancing security, expediting transactions, and fostering a seamless user experience. The first section of the paper delves into the current state of e-commerce and identifies the challenges faced by businesses and consumers, including issues related to payment security, transaction speed, and user trust. It establishes the need for a robust and efficient financial system to address these challenges. The second section provides an in-depth analysis of Internet banking, highlighting its features that contribute to the security and swiftness required in the e-commerce landscape. Topics covered include multi-factor authentication, encryption technologies, real-time transaction processing, and the integration of artificial intelligence for fraud detection. The paper also examines case studies of successful implementations of Internet banking in e-commerce scenarios, showcasing the positive impact on businesses and consumers. It discusses how secure and swift transactions lead to increased customer satisfaction, loyalty, and overall market growth.         

Keyphrases: Internet Banking, Online Transactions, e-commerce

@booklet{EasyChair:11808,
  author    = {Lee Kasowaki and Robert Thomas},
  title     = {Secure and Swift: Unleashing the Potential of Internet Banking in the E-Commerce Landscape},
  howpublished = {EasyChair Preprint 11808},
  year      = {EasyChair, 2024}}