The new information technology is becoming an importantfactor in the future development of financial services industry,and especially banking industry.Electronic banking (e-banking) is defined as the automated delivery of new andtraditional banking products and services directly to customers through electronic,interactive communication channels. E-banking includes the systems that enablecustomers, individuals or businesses, to access accounts, transact business, or obtaininformation on products and services through a public or private network, including theInternet. Electronic banking, also known as Electronic Fund Transfer (EFT), uses computer and electronic technology as a substitute for checks and other paper transactions. EFTs is initiated through devices like cards or codes that let you, or those you authorize, access your account. This paper investigates the protection landscape surrounding online banking.First, electronic banking is analyzed for vulnerabilities and a survey of currentattacks is carried out. The research moves on to various ways which have been developed,categorizing them and analyzing how successful they are at protectingagainst the attacks. Its covers everything from TLSencryption through phishing site detection to two-factor authentication.Extensions to the system are then proposed, designed to afford extra protectionfor the consumer and also to support other types of device. There is then adiscussion of ways of managing keys in a heterogeneous system, rather than onemanaged by a single entity. In paper author analyzes the main criteria for successfulinternet-bank strategy and brings out benefits of e-banking fromthe point of view of banks, their clients and the economy ingeneral. Through this paper we can achieve significantsuccess in the implementation of electronic banking; it is on thetop of the emerging markets in this area and even outpaces theachievements of some developed countries. Inpaper, author tries to analyze the main reasons and factorsresponsible for the rapid growth of electronic banking.

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Introduction Direct Banking Transactional Websites E-Banking Components Current Trend of E-Banking and Its Paradigm Impact of E-Banking on Traditional Services Upcoming and Future Trends of E-Banking Conclusion