E-Commerce
E-commerce in the banking sector typically pertains to the conducting of business activities involving the exchange of services and goods through electronic means of communication. The broad range of e-commerce activities in banking encompasses informative communication, payment administration, trading and negotiations of financial instruments, and transportation management.
Features
Online Payments: E-commerce banking enables the acceptance and processing of online payments. This includes various methods such as credit card payments, digital wallets, and online banking transfers. Jivan Commercial Co-Operative Bank Ltd. collaborate with e-commerce platforms to facilitate secure and seamless payment transactions.
Merchant Services: E-commerce banking offers merchant services to businesses that operate online. This includes setting up payment gateways, providing secure transaction processing, and managing fraud prevention measures. These services allow merchants to accept online payments from customers and receive funds in their bank accounts.
Security Measures: E-commerce banking emphasizes robust security measures to protect customer information and financial transactions. Encryption, secure socket layer (SSL) certificates, two-factor authentication, and fraud detection systems are employed to ensure the confidentiality and integrity of online transactions.
Financial Management Tools: E-commerce banking often includes digital tools and features that assist businesses and individuals in managing their finances. These may include budgeting tools, expense tracking, financial reporting, and insights to help users make informed financial decisions.
Customer Support: E-commerce banking platforms typically provide customer support services to address any issues or inquiries related to online transactions. This can be through live chat, email, or phone support, ensuring customers have assistance when needed.
