Online Banking

In short: Online banking is handling banking business via the internet or an app.

In more detail: Customers check balances, transfer money and manage standing orders.

In Depth

Security

Since the EU Payment Services Directive PSD2, strong customer authentication is required: two factors from knowledge, possession and inherence (MFA). Common methods: pushTAN app, chipTAN with card reader (card readers), fingerprint in the banking app.

Dangers

Phishing, banking trojans, social engineering. See vishing.

Interface

Banks offer FinTS/HBCI as a standard interface for programs. See PayPal.

See also: MFA, Banking Trojan, Phishing, PayPal