Standard

Updated: 08/28/06

RState Standard

*Institutionally Developed

*College: n/a

BAF 215 - Web Based Banking and Finance

Course Description

Introduces the student to the origins of virtual banking and finance and E-Commerce, web navigation, converging technologies, digital value chains, digital currency and certificates, digital economics and virtual vertical structures, electronic banking regulation and legislation, the PIN, security encryption, Web-bank and financial account setup, trust platforms, packet switching, menu structures, memory types and use. In addition, the course will present and explain the global financial network, TCP/IP protocol, H.T.M.L. and Java network significance, the new digital scaffolding skills, and the new functionality of on-line financial services and brokerage.

Competency Areas	Hours
Internet Navigation Skills	Class	2
Composition and Structure of the Internet	D. Lab	6
Electronic Commerce	P. Lab/O.B.I.	0
Electronic Checking Accounts	Credit	5
Federal Reserve Monetary Policy
Security Encryption
Electronic ACH
E-Cash and Cybercash
EDGAR

Prerequisites:

BAF 100, SCT 100

Course Guide

Competency	After completing this section, the student will:	Hours
		Class	D.Lab	P.Lab/ O.B.I.
INTERNET NAVIGATION SKILLS		0	0	0
	Be accomplished in Internet navigation skills.
COMPOSITION AND STRUCTURE OF THE INTERNET		0	1	0
	Understand the composition and structure of the Internet and wireless communications.
ELECTRONIC COMMERCE		0	1	0
	Have a full understanding of Electronic Commerce and its legal environment and the FDIC’s approach to digital cash insurance coverage.
ELECTRONIC CHECKING ACCOUNTS		0	1	0
	Have the ability to setup bank electronic customer checking account, saving account, bill payment, funds transfer, loan application, and credit/debit, smart card and learning personal financial manager software.
FEDERAL RESERVE MONETARY POLICY		1	0	0
	Understand the effect of digital cash on the Federal Reserve’s Monetary Policy.
SECURITY ENCRYPTION		1	0	0
	Understand security encryption, HTML and Java within the content of the Bank and Financial Service network abilities.
	Understand virtual language, trust platforms, digital signatures and digital certificates.
ELECTRONIC ACH		0	1	0
	Understand the electronic ACH (automated clearing house) system.
E-CASH AND CYBERCASH		0	1	0
	Understand E-Cash and Cybercash systems and the new electronic “wallets.”
	Understand Bank Internet Payment Systems.
EDGAR		0	1	0
	Understand the EDGAR (electronic data gathering and analysis) System, its availability via the world wide web and its impact on securities markets as to stock and bond electronic filings and registration.

Suggested Resources

Deise, Martin V; Nowikow, Conrad; King, Patrick; and Wright, Amy. Executives’ Guide to E-Commerce/Tactics and Strategy. John Wiley and Sons, Inc.

rev. 04/09/03