The objective of this guideline is to require the institutions to establish systems and practices for internet banking designed to:
- limiting systemic and other risks that could threaten the stability of financial markets or undermine confidence in the payment system;
- encouraging institutions to educate customers about their rights and responsibilities and how to protect their own privacy on the Internet; and
- encouraging the development of effective, low risk, low cost and convenient payment and financial services to customers and businesses through the Internet.
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