Research On The Development Model Of Virtual Banks Based On The Near Field Communication (NFC)

Generated of virtual bank reflected the perfect combination of modern technology and traditional commercial bank. Science and technology promote the services of banks appearing not only in front of each window but also extends to Internet users. They could exchange funds, shopping and financial management in any way, anywhere and anytime with customers. Emergence of virtual bank contribute to fierce competition among banking services, a series of new words like shopping online, e-commerce, payment online came into people's minds. On the premise of security, merchant banks have introduced some new products or services to improve the convenience and quality of people's life in all aspects. It was the main direction of future development of the financial that how to make customers experience virtual banking service more confidence and convenient.Payment online was one of the main business of virtual bank, but many problems were in the payment online service of virtual bank. Such as, different commercial banks needed to download and install appropriate certificates in order to achieve the transaction, and the password was not convenient to carry and use. So an easy way to operate and implement transaction was of vital importance for people to achieve payments anytime and anywhere. With the widespread use of smart phones, mobile payment systems attracted people's attention strongly. People could use complete payment function at any time by phone. In recent years, NFC technology has already been adapted to the market quickly, and NFC technology combined with smart phones to solve more complicated problems in people's lives. In this system, a NFC chip should be put in the phone without cumbersome certificate and password, and then payment function could be achieved. Convenience and security of mobile payment systems were better than that of other payment ways, and the combination of NFC technology with other industries could catalyze more technology products.This paper summarizes the previous research results of virtual bank and NFC technology, and made the following research below:In the first part, the concept, background and history of the development of virtual bank was elaborated detailed. Meanwhile, we analyzed the characteristics and major businesses of virtual banks, and compared virtual banks with traditional commercial banks from different angles to make people have a better understanding of virtual banks. In addition, we analyzed the main risk of virtual banks, including technical risk and operational risk, on the basis of detailed elaborating of virtual banks.In the second part, the concept and principle of NFC technology was introduced. Through the compared with other technologies, mobile payment system based on NFC technology was proposed. The framework, main function and workflow of mobile payment systems was elaborated detailed. Communication module, system management module and online transaction module were three core modules of this mobile payment system and in the mobile payment system, not only normal communication but also payment service at any time were achieved normally and absolutely by this system. Security of transactions was a virtual prerequisite for banks to conduct business, this research ensured the security mechanism of mobile payment system from three aspects of authentication, payment and confirmation password security protocols, then these measures provided security to online transactions for customers.The third part showed that the rapid development of NFC technology gave birth to the conjunction with other various industries. This research described the application of NFC technology all over the world, and detailed applications of NFC technology, including mobile payment system, intelligent home management system, locked or unlocked of device and mobile campus card, which enriched application theory of NFC technology.In the end, we make Jilin Jiutai Rural Commercial Bank as an example, and described the service of virtual banking in it. In addition, the feasibility and problems were presented as well. A few envisage to the challenge and future development of virtual bank were came up with, and aimed to make virtual banks promoted innovation in services, products and security to serve better for the people in the future.