E-Banking in Albania: The Legal Framework, Its Practices and Challenges in Today's Reality

Abstract

In the modern society based on the free market and private property, an important place has the banking system and banking operations and those on line, therefore the study and knowledge of this legal field in theoretical and practical terms is of particular interest in the Albanian reality. Today, when the Internet and the endless possibilities it offers constitute a considerable part of the civil and legal operations, the analysis of these relations about banking system and in particular the role of banks in the online contracts, serves the recognition and further development of reality itself. Using the Internet as an alternative to transmit customer instructions at the customers’ desk, to perform electronic funds transfers, it is one of the most visible aspects of internet banking. In this scientific paper they are addressed the key aspects that accompany the e-banking services, focusing in particular on the typical e-banking contracts and security in online banking operations. There have been provided in a summarized way, through a chronological and historical analysis, the main aspects of this relationship, its development and approach to judicial practice, as well as several theoretical and practical recommendations.

DOI: 10.5901/mjss.2015.v6n4p266