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 History

The Deutsche Bank Twin Towers, the headquarters of Deutsche Bank, at the
banking district of Frankfurt, Germany.

1870-1945

Deutsche Bank was founded in Germany in 1870 as a specialist bank for foreign
trade in Berlin.[4] The bank's statute was adopted on 22 January 1870, and on 10
March 1870 the Prussian government granted it a banking license. The statute laid
great stress on foreign business: "The object of the company is to transact banking
business of all kinds, in particular to promote and facilitate trade relations between
Germany, other European countries and overseas markets.

The bank's first domestic branches, inaugurated in 1871 and 1872, were opened in
Bremen and Hamburg. Its first foray overseas came shortly afterwards, in Shanghai
(1872) and London

After Adolf Hitler came to power, instituting the Third Reich, Deutsche Bank
dismissed its three Jewish board members in 1933. In subsequent years Deutsche
Bank took part in the aryanization of Jewish-owned businesses: according to its
own historians, the bank was involved in 363 such confiscations by November
1938.During the war, Deutsche Bank incorporated other banks that fell into
German hands during the occupation of Eastern Europe. Deutsche provided
banking facilities for the Gestapo and loaned the funds used to build the Auschwitz
camp and the nearby IG Farben facilities. Deutsche Bank revealed its involvement
in Auschwitz in February 1999.In December 1999 Deutsche, along with other
major German companies, contributed to a $5.2 billion compensation fund
following lawsuits brought by Holocaust survivors.The history of Deutsche Bank

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during the Second World War has been documented by independent historians
commissioned by the Bank.

During World War II, Deutsche Bank became responsible for managing the
Bohemian Union Bank in Prague, with branches in the Protectorate and in
Slovakia, the Bankverein in Yugoslavia (which has now been divided into two
financial corporations, one in Serbia and one in Croatia), the Albert de Barry Bank
in Amsterdam, the National Bank of Greece in Athens, the Oesterreichische
Creditanstalt-Bankverein in Austria and Hungary, the Deutsch-Bulgarische
Kreditbank in Bulgaria, and Banca Commercial Romana in Bucharest. It also
maintained a branch in Istanbul, Turkey

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 Introduction
Deutsche Bank
Deutsche Bank (literally "German Bank"; pronounced  is an international universal
bank with its headquarters in Frankfurt, Germany. The investment bank division is
head-quartered in London, United Kingdom. The bank employs more than 100,000
people in 74 countries, and has a large presence in Europe, the Americas, Asia
Pacific and the emerging markets.

Deutsche Bank has offices in major financial centers including New York, London,
Frankfurt, Paris, Moscow, Amsterdam, Toronto, São Paulo, Singapore, Hong
Kong, Tokyo, Sydney and Mumbai. Furthermore, the bank is investing in
expanding markets, such as the Middle East, Latin America, Central & Eastern
Europe and Asia Pacific.

The bank offers financial products and services for corporate and institutional
clients along with private and business clients. Services include sales, trading, and
origination of debt and equity; mergers and acquisitions (M&A); risk management
products, such as derivatives, corporate finance, wealth management, retail
banking, fund management, and transaction banking.

Deutsche Bank’s Chief Executive Officer and Chairman of the Group Executive
Committee, since 2002, is Josef Ackermann. He agreed at the end of 2009 to
continue as chief executive of Deutsche Bank for another three years till 2013
Deutsche Bank is listed on both the Frankfurt (FWB) and New York stock
exchanges (NYSE).

Deutsche Bank India is a subsidiary of Deutsche Bank AG, a global universal

bank. The bank is headquartered in Frankfurt, Germany and has a strong presence
in the United States, Europe, Asia Pacific as well as the nascent markets. It was
founded in 1870.

About Deutsche Bank India: -

Deutsche Bank is major global investment bank with a powerful clientele and
gainful franchise. Deutsche Bank is undoubtedly a market leader in Europe and
Germany and is showing signs of constant growth in Asia, United States and

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important nascent markets. With over 78,000 employees in more than 70 nations
all over the world, Deutsche Bank provides matchless financial services across the
globe.

The goal of Deutsche Bank is to become the supreme financial services provider in
the world by offering value-added services and outstanding financial solutions.

Deutsche Bank has locations in major global financial hubs such as London, New
York, Paris, Frankfurt, Amsterdam, Moscow, São Paulo, Toronto, Hong Kong,
Singapore, Sydney and Tokyo. The bank is also making investments in growing
markets.

Deutsche Bank India is a fully consolidated financial services provider serving

individual, business and institutional clients in India. The products and services of
the bank comprise institutional equities broking, on-shore investment banking,
credit cards & retail banking, asset and private wealth management and business
processes outsourcing. It started its operations in 1980 and now has more than
7,800 employees and branches in 15 cities of the country.

Deutsche Bank India – Milestones Achieved : -

During its journey towards success, Deutsche Bank India has achieved certain
landmarks which include the following:

1. Best Bank in India 2008 - The Asset

2. Best Sub-Custodian India 2009 - The Asset
3. Best Cash Management Specialist 2008 - The Asset
4. Best Equity House in India 2008 - The Asset
5. Financial Express Award for Growth 2008 & 2007 - Financial Express
6. Best Private Bank in India 2008 - Asia money

 Private Banking

1. db Wealth Pro
2. db Financial Planning
3. Global Concierge Assistance
4. Superior Product Suite

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 5. World Class Research
6. Premium Privileges

 Personal Banking

1) Savings Account

1. Value-Plus Savings Account

2. Advantage Banking
3. Expat Savings Account

2) Fixed Deposit Account

1.Fixed Deposit through Phone / Online

Deutsche Bank Investment Services: -

1.Mutual Funds
2. Systematic Investment Plan
3. Equity Linked Savings Schemes
4. Portfolio Management Services
5.db Demat Account
6.Bonds
7.db Trade Pro
8.Life Insurance
1. Life Insurance - Products
2. Human Life Value
9. Non Life Insurance
10.Classic Debit Card
11.Gold Debit Card
12.Loan
13.Loan against Property
14. Home Loan
15. Overdrafts
16. Business Banking
1. db Current Account Trade
2. Current Account
3. Trade Services & Forex
4. db Cash Management Services
5. Corporate Executive Solutions

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 6. Fixed Deposit
17. NRI Banking
1.NR Bank Accounts
2. db Value-Plus NRI Savings Account
3. NRI Advantage Banking
18. Money Transfer
1.Online Money Transfers
2. NR Fixed Deposits
19. Credit Cards
1. Premium Credit Cards
2. Platinum Credit Card
3. Platinum Select Credit Card
20. Db Easy Loan
Health Care Policy

Management Structure:

Until recently, there was no CEO at Deutsche Bank. The board was represented by
a “speaker of the board.” Today, Deutsche Bank has a Management Board whose
members are: Josef Ackermann (Chairman and CEO); Hugo Bänziger (Chief Risk
Officer); Anshu Jain (Corporate and Investment Banking); Jürgen Fitschen
(Regional Management); Rainer Neske (Private & Business Clients); Hermann-
Josef Lamberti (Chief Operating Officer) and Stefan Krause (Chief Financial
Officer).

The Group Executive Committee is the Management Board plus the heads of the
bank’s other business areas, namely: Kevin Parker (Asset Management); and Pierre
de Weck (Private Wealth Management).

The Supervisory Board of the bank is chaired by Clemens Börsig.

Structure : -

Deutsche Bank’s mission statement is: “We compete to be the leading global
provider of financial solutions, creating lasting value for our clients, our
shareholders, our people and the communities in which we operate” The bank’s
business model rests on two pillars: the Corporate & Investment Bank (CIB) and
Private Clients & Asset Management.

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Private Wealth Management :

Private Wealth Management functions as the bank’s private banking arm, serving
high net worth individuals and families worldwide. The division has a strong
presence in the world's private banking hotspots, including Switzerland,
Luxembourg, the Channel Islands, the Caymans and Dubai.

Communication :

Early understanding of modern communication tools has contributed to create the

international recognition Deutsche Bank enjoys As of 2010. In 1972 the bank
created the world-known blue logo "Slash in a Square" - designed by Anton
Stankowski and intended to represent growth within a risk-controlled framework.

Automated teller machine :

An automated teller machine (ATM), commonly called a cashpoint in UK English

after the trademark of the same name, is a computerised telecommunications
device that provides the clients of a financial institution with access to financial
transactions in a public space without the need for a cashier, human clerk or bank
teller. ATMs are known by various other names including automatic banking
machine, cash machine, and various regional varients derived from trademarks on
ATM systems held by particular banks

On most modern ATMs, the customer is identified by inserting a plastic ATM card
with a magnetic stripe or a plastic smart card with a chip, that contains a unique
card number and some security information such as an expiration date or CVVC
(CVV). Authentication is provided by the customer entering a personal
identification number (PIN).

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Using an ATM, customers can access their bank accounts in order to make cash
withdrawals, credit card cash advances, and check their account balances as well as
purchase prepaid cellphone credit. If the currency being withdrawn from the ATM
is different from that which the bank account is denominated in (e.g.: Withdrawing
Japanese Yen from a bank account containing US Dollars), the money will be
converted at a wholesale exchange rate. Thus, ATMs often provide the best
possible exchange rate for foreign travelers and are heavily used for this purpose as
well.[1]

 Mobile banking:

Mobile banking (also known as M-Banking, mbanking, SMS Banking etc.) is a

term used for performing balance checks, account transactions, payments, credit
applications etc. via a mobile device such as a mobile phone or Personal Digital
Assistant (PDA). The earliest mobile banking services were offered via SMS. With
the introduction of the first primitive smart phones with WAP support enabling the
use of the mobile web in 1999, the first European banks started to offer mobile
banking on this platform to their customers.

Mobile banking has until recently (2010) most often been performed via SMS or
the Mobile Web. Apple's initial success with iPhone and the rapid growth of
phones based on Google's Android (operating system) has led to increasing use of
special client programs, called apps, downloaded to the mobile device.

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A mobile banking conceptual model

In one academic model, mobile banking is defined as:

Mobile Banking refers to provision and availment of banking- and financial

services with the help of mobile telecommunication devices. The scope of offered
services may include facilities to conduct bank and stock market transactions, to
administer accounts and to access customised information."

According to this model Mobile Banking can be said to consist of three inter-
related concepts:

 Mobile Accounting
 Mobile Brokerage
 Mobile Financial Information Services

Most services in the categories designated Accounting and Brokerage are

transaction-based. The non-transaction-based services of an informational nature
are however essential for conducting transactions - for instance, balance inquiries
might be needed before committing a money remittance. The accounting and
brokerage services are therefore offered invariably in combination with
information services. Information services, on the other hand, may be offered as
independent module. Mobile phone banking may also be used to help in business
situations

Trends in mobile banking

The advent of the Internet has enabled new ways to conduct banking business,
resulting in the creation of new institutions, such as online banks, online brokers
and wealth managers. Such institutions still account for a tiny percentage of the
industry.

Over the last few years, the mobile and wireless market has been one of the fastest
growing markets in the world and it is still growing at a rapid pace. According to
the GSM Association and Ovum, the number of mobile subscribers exceeded 2
billion in September 2005, and now exceeds 2.5 billion (of which more than 2
billion are GSM).

With mobile technology, banks can offer services to their customers such as doing
funds transfer while travelling, receiving online updates of stock price or even

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performing stock trading while being stuck in traffic. Smartphone’s and 3G
connectivity provide some capabilities that older text message-only phones do not.

Many believe that mobile users have just started to fully utilize the data capabilities
in their mobile phones. In Asian countries like India, China, Bangladesh, Indonesia
and Philippines, where mobile infrastructure is comparatively better than the fixed-
line infrastructure, and in European countries, where mobile phone penetration is
very high (at least 80% of consumers use a mobile phone), mobile banking is likely
to appeal even more.

Mobile banking business models

A wide spectrum of Mobile/branchless banking models is evolving. However, no

matter what business model, if mobile banking is being used to attract low-income
populations in often rural locations, the business model will depend on banking
agents, i.e., retail or postal outlets that process financial transactions on behalf
telcos or banks. The banking agent is an important part of the mobile banking
business model since customer care, service quality, and cash management will
depend on them. Many telcos will work through their local airtime resellers.
However, banks in Colombia, Brazil, Peru, and other markets use pharmacies,
bakeries, etc.

These models differ primarily on the question that who will establish the
relationship (account opening, deposit taking, lending etc.) to the end customer, the
Bank or the Non-Bank/Telecommunication Company (Telco). Another difference
lies in the nature of agency agreement between bank and the Non-Bank. Models of
branchless banking can be classified into three broad categories - Bank Focused,
Bank-Led and Nonbank-Led.

Bank-focused model

The bank-focused model emerges when a traditional bank uses non-traditional

low-cost delivery channels to provide banking services to its existing customers.
Examples range from use of automatic teller machines (ATMs) to internet banking
or mobile phone banking to provide certain limited banking services to banks’
customers. This model is additive in nature and may be seen as a modest extension
of conventional branch-based banking.

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Bank-led model

The bank-led model offers a distinct alternative to conventional branch-based

banking in that customer conducts financial transactions at a whole range of retail
agents (or through mobile phone) instead of at bank branches or through bank
employees. This model promises the potential to substantially increase the
financial services outreach by using a different delivery channel (retailers/ mobile
phones), a different trade partner (telco / chain store) having experience and target
market distinct from traditional banks, and may be significantly cheaper than the
bank-based alternatives. The bank-led model may be implemented by either using
correspondent arrangements or by creating a JV between Bank and Telco/non-
bank. In this model customer account relationship rests with the bank

Non-bank-led model

The non-bank-led model is where a bank has a limited role in the day-to-day
account management. Typically its role in this model is limited to safe-keeping of
funds. Account management functions are conducted by a non-bank (e.g. telco)
who has direct contact with individual customers.

Mobile Banking Services

Mobile banking can offer services such as the following:

 Account Information

1. Mini-statements and checking of account history

2. Alerts on account activity or passing of set thresholds
3. Monitoring of term deposits
4. Access to loan statements
5. Access to card statements
6. Mutual funds / equity statements
7. Insurance policy management
8. Pension plan management
9. Status on cheque, stop payment on cheque
10.Ordering cheque books
11.Balance checking in the account
12.Recent transactions
13.Due date of payment (functionality for stop, change and deleting of
payments)
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14.PIN provision, Change of PIN and reminder over the Internet
15.Blocking of (lost, stolen) cards

 Payments, Deposits, Withdrawals, and Transfers

1. Domestic and international fund transfers

2. Micro-payment handling
3. Mobile recharging
4. Commercial payment processing
5. Bill payment processing
6. Peer to Peer payments
7. Withdrawal at banking agent
8. Deposit at banking agent

 Investments

1. Portfolio management services

2. Real-time stock quotes
3. Personalized alerts and notifications on security prices
4. mobile banking

 Support

1. Status of requests for credit, including mortgage approval, and insurance

coverage
2. Check (cheque) book and card requests
3. Exchange of data messages and email, including complaint submission and
tracking
4. ATM Location

 Content Services

1. General information such as weather updates, news

2. Loyalty-related offers
3. Location-based services

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Challenges for a Mobile Banking Solution

Handset operability

There are a large number of different mobile phone devices and it is a big
challenge for banks to offer mobile banking solution on any type of device. Some
of these devices support Java ME and others support SIM Application Toolkit, a
WAP browser, or only SMS.

Initial interoperability issues however have been localized, with countries like
India using portals like R-World to enable the limitations of low end java based
phones, while focus on areas such as South Africa have defaulted to the USSD as a
basis of communication achievable with any phone.

The desire for interoperability is largely dependent on the banks themselves, where
installed applications(Java based or native) provide better security, are easier to use
and allow development of more complex capabilities similar to those of internet
banking while SMS can provide the basics but becomes difficult to operate with
more complex transactions.

There is a myth that there is a challenge of interoperability between mobile

banking applications due to perceived lack of common technology standards for
mobile banking. In practice it is too early in the service lifecycle for
interoperability to be addressed within an individual country, as very few countries
have more than one mobile banking service provider. In practice, banking
interfaces are well defined and money movements between banks follow the IS0-
8583 standard. As mobile banking matures, money movements between service
providers will naturally adopt the same standards as in the banking world

Security

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Security of financial transactions, being executed from some remote location and
transmission of financial information over the air, are the most complicated
challenges that need to be addressed jointly by mobile application developers,
wireless network service providers and the banks' IT departments.

The following aspects need to be addressed to offer a secure infrastructure for

financial transaction over wireless network:

1. Physical part of the hand-held device. If the bank is offering smart-card

based security, the physical security of the device is more important.
2. Security of any thick-client application running on the device. In case the
device is stolen, the hacker should require at least an ID/Password to access
the application.
3. Authentication of the device with service provider before initiating a
transaction. This would ensure that unauthorized devices are not connected
to perform financial transactions.
4. User ID / Password authentication of bank’s customer.
5. Encryption of the data being transmitted over the air.
6. Encryption of the data that will be stored in device for later / off-line
analysis by the customer.

One-time password (OTPs) are the latest tool used by financial and banking
service providers in the fight against cyber fraud [6]. Instead of relying on
traditional memorized passwords, OTPs are requested by consumers each time
they want to perform transactions using the online or mobile banking interface.
When the request is received the password is sent to the consumer’s phone via
SMS. The password is expired once it has been used or once its scheduled life-
cycle has expired.

Because of the concerns made explicit above, it is extremely important that SMS
gateway providers can provide a decent quality of service for banks and financial
institutions in regards to SMS services. Therefore, the provision of service level
agreements (SLAs) is a requirement for this industry; it is necessary to give the

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bank customer delivery guarantees of all messages, as well as measurements on the
speed of delivery, throughput, etc. SLAs give the service parameters in which a
messaging solution is guaranteed to perform.

Mobile banking in the world

Mobile banking has come in handy in many parts of the world with little or no
Infrastructure development, especially in remote and rural areas. This part of the
mobile commerce is also very popular in countries where most of their population
is unbanked. In most of these places banks can only be found in big cities and
customers have to travel hundreds of miles to the nearest bank.
Countries like Sudan, Ghana and South Africa received this new commerce very
well.In Latin America countries like Uruguay, Paraguay, Argentina, Brazil,
Venezuela, Colombia, Guatemala and recently Mexico started with a huge success.
In Colombia was released with Redesign.
In Iran banks like Parsian, Tejarat, Mellat, Saderat, Sepah, edbi and bankmelli
offer this service. Guatemala have the support of Banco industrial.
Mexico released the mobile commerce with Omnilife, Bancomer and a private
company (MPower Ventures). Kenya's Safaricom (Part of the Vodafone Group)
has had the very popular M-Pesa Service - mainly used to transfer limited amounts
of money, but has been increasingly used to pay utility bills. Zain in 2009 launched
their own mobile money transfer business known as ZAP in Kenya and other
African countries.

Telenor Pakistan has also launched Mobile banking solution, in coordination with
Taameer Bank, under the label "Easy Paisa". Telenor rolled out its Mobile banking
solution in Q4, 2009. It was a huge success and customers embraced the wide set
of services offered. Eko India Financial Services the is business correspondent of
State Bank of India (SBI) and ICICI Bank, India's top two largest banks, and
provides no-frills bank accounts and deposit, withdrawal and remittance services to
customers (nearly 80% of whom are migrants or the unbanked section of the
population) through mobile banking. [7], and also offer micro-insurance and micro-
finance

Online banking (or Internet banking) allows customers to conduct financial

transactions on a secure website operated by their retail or virtual bank, credit
union or building society

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  Online Banking:
 Features

Online banking solutions have many features and capabilities in common, but
traditionally also have some that are application specific.

The common features fall broadly into several categories

 Transactional (e.g., performing a financial transaction such as an account to

account transfer, paying a bill, wire transfer, apply for a loan, new account,
etc.)
o Payments to third parties, including bill payments and
telegraphic/wire transfers
o Funds transfers between a customer's own transactional account and
savings accounts
o Investment purchase or sale
o Loan applications and transactions, such as repayments of enrollments

 Non-transactional (e.g., online statements, cheque links, cobrowsing, chat)

o Viewing recent transactions
o Downloading bank statements, for example in PDF format
o Viewing images of paid cheques
 Financial Institution Administration
 Management of multiple users having varying levels of authority
 Transaction approval process

Features commonly unique to Internet banking include

 Personal financial management support, such as importing data into personal

accounting software. Some online banking platforms support account
aggregation to allow the customers to monitor all of their accounts in one
place whether they are with their main bank or with other institutions.

 Security
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Security token devices

Protection through single password authentication, as is the case in most secure

Internet shopping sites, is not considered secure enough for personal online
banking applications in some countries. Basically there exist two different security
methods for online banking.

The PIN/TAN system where the PIN represents a password, used for the login and
TANs representing one-time passwords to authenticate transactions. TANs can be
distributed in different ways, the most popular one is to send a list of TANs to the
online banking user by postal letter. The most secure way of using TANs is to
generate them by need using a security token. These token generated TANs depend
on the time and a unique secret, stored in the security token (this is called two-
factor authentication or 2FA). Usually online banking with PIN/TAN is done via a
web browser using SSL secured connections, so that there is no additional
encryption needed.

Another way to provide TANs to an online banking user, is to send the TAN of the
current bank transaction to the user's (GSM) mobile phone via SMS. The SMS text
usually quotes the transaction amount and details, the TAN is only valid for a short
period of time. Especially in Germany and Austria, many banks have adapted this
"SMS TAN" service as it is considered as very secure.

Signature based online banking where all transactions are signed and encrypted
digitally. The Keys for the signature generation and encryption can be stored on
smartcards or any memory medium, depending on the concrete implementation.

 Attacks

Most of the attacks on online banking used today are based on deceiving the user
to steal login data and valid TANs. Two well known examples for those attacks are
phishing and pharming. Cross-site scripting and keylogger/Trojan horses can also
be used to steal login information.

A method to attack signature based online banking methods is to manipulate the

used software in a way, that correct transactions are shown on the screen and faked
transactions are signed in the background.

A recent FDIC Technology Incident Report, compiled from suspicious activity

reports banks file quarterly, lists 536 cases of computer intrusion, with an average
loss per incident of $30,000. That adds up to a nearly $16-million loss in the
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second quarter of 2007. Computer intrusions increased by 150 percent between the
first quarter of 2007 and the second. In 80 percent of the cases, the source of the
intrusion is unknown but it occurred during online banking, the report states.[4]

The most recent kind of attack is the so-called Man in the Browser attack, where a
Trojan horses permits a remote attacker to modify the destination account number
and also the amount.

 Countermeasures

There exist several countermeasures which try to avoid attacks. Digital certificates
are used against phishing and pharming, the use of class-3 card readers is a
measure to avoid manipulation of transactions by the software in signature based
online banking variants. To protect their systems against Trojan horses, users
should use virus scanners and be careful with downloaded software or e-mail
attachments.

In 2001 the FFIEC issued guidance for multifactor authentication (MFA) and then
required to be in place by the end of 2006.[5]

 Video banking :
Video banking is a term used for performing banking transactions or professional
banking consultations via a remote video connection. Video banking can be
performed via purpose built banking transaction machines (similar to an
Automated teller machine), or via a videoconference enabled bank branch.

Types of Video Banking

Today, video banking has many forms, each with its own benefits and limitations.

 In-branch

Video banking can be conducted in a traditional banking branch [1]. This form of
video banking replaces or partially displaces the traditional banking tellers to a
location outside of the main banking branch area. Via the video and audio link, the
tellers are able to service the banking customer. The customer in the branch uses a
purpose built machine to process viable medias such as cheques, cash, or coins.

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  Time Convenience

Video banking can provide professional banking services to bank customers during
nontraditional banking hours at convenient times such as in after hours banking
branch vestibules that could be open up to 24 hours a day [2]. This gives bank
customers the benefit of personal teller service during hours when bank branches
are not typically open.

 Location Convenience

Video banking can provide professional banking services in nontraditional banking

locations such as afterhours banking branch vestibules, grocery stores, office
buildings, factories, or educational campuses[3].

 Technology Branches

Video banking can enable banks to expand real-time availability of high-value

banking consultative services in branches that might not otherwise have access to
the banking expertise[4].

Technology of Video Banking

Although video banking has many different forms, they all have similar basic
components.

 Video Connection

Although termed video banking, the video connection is always accompanied by

an audio link which ensures the customer and bank representative can
communicate clearly with one another. The communication link for that video and
audio typically requires a high-speed data connection for applications where the
tellers are not in the same physical location. Various technologies are employed by
the vendors of video banking, but recent advances in audio and video compression
make the use of these technologies much more affordable [5]. For an in depth
discussion on videoconferencing technologies see wiki videoconferencing article.

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  Transaction Equipment

Other than the deployment location, one of the major differences between video
banking and videoconferencing is the ability to conduct banking transactions and
exchange viable Medias such as checks, cash, and coins. Purpose built machines,
such as a Personal Teller Machine (PTM), enable both the video / audio link to the
customer plus the ability to accept and dispense viable medias [6]. The system
typically allows the bank teller to manipulate the PTM machine to accept or
dispense the cash and checks.

Purpose-built transaction equipment is currently available, but in the future these

video banking systems will likely leverage existing automated teller machines
which will be modified to enable the audio and video communication.

Video Banking Services

Depending on the type of video banking solution deployed there are numerous
types of services that can be offered. In conjunction with transaction hardware
video banking can include all of the following types of services[7].

 Customer authentication
 Cash Deposits
 Check Deposits
 Cash Withdrawal
 Coin Withdrawals
 Check Print
 Account Transfers
 Bill Payments
 Account inquiries
 Process New Accounts

With all types of video banking the following services are enabled:

 Process New Loans

 Consult with banking professionals
 Process New Accounts
 Inquire about banking services

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