DESIGN AND IMPLEMENTATION OF ONLINE BANKING SYSTEM
(A CASE STUDY OF MAY FRESH SAVINGS AND LOANS BANK CARITAS UNIVERSITY, ENUGU)
CHAPTER ONE
1.1 INTRODUCTION
Design and implementation of online
banking system, a case study of May fresh savings and Loans Bank Caritas
University Branch. The greatest innovation that has taken place in the
twentieth century is in the realm of information Technology. This is
currently made possible by the introduction of the digital computers
which has been observed in the field of communication to be increasingly
inseparable from communications. These linkages often referred to as
convergence is driven by technology and amplified by business trends.
Faster growth in network systems that use communication links to connect
subsidiary system (nodes) which may send and receives, direct and
redirect information.
Talking of the internet a couple of
years ago would have sound like a fairytale but today the internet is
pervasive in almost every field of human Endeavour changing the
fundamentals of how we conduct national as well as international
businesses. Few years of its existence, the internet has shown that it
can deliver the long sought after goal of electronic commerce.
It is worth that companies in the
developed countries world-wide have recognized the business potential of
the internet and are getting connected to the network of networks in
their millions.
The financial institution (Bank) is one
of such organizations. Banking constitutes one of the most prominent
life wire for Socio-Economic grow and development in any given nation,
it supports and assists in the supply of long and short term loan,
accepts both current sowing and fixed deposits, both foreign
transactions, advice and facilitates transactions between client,
workers, agents, firm, buyers and seller by providing payment services,
not excluding the issue of undertaking risk on behalf of their clients,
only to mention but a few.
The internet having found its
application and acceptance in the banking procession has particularly
put the banking industry on an accelerating pace of development. The
technological highway (the internet) has become an enabler for Banks in
achieving high level productivity and in handling volumes of transaction
which would have been impossible without the use of on-line banking
(E-commerce).
The technology facilitates linkages with
clients both through the provision of information and quality service
delivery, as well as in reducing barriers to entry into payment systems
retail banking. Internet banking allows clients to engage in informal
transaction relationship which would have taken long distance travels or
movement of documents with the attendant risk of loss. With the online
banking (internet) you can at your convenience, at home and at any time
review account balances and transactions, transfer funds, receive and
pay bills, down-load transaction services and contact customer services
just to mention but a few.
An over view of the benefits and
prospects of the on-line banking suggest that for banks to be relevant
to their customers in term of the services they provide in the
twenty-first century and in the future, must append this services
provided by E-commerce in the banking system in order to stay in
competition. Now the on-line banking is the one thing bank should get up
and invest in internet technology to reap bounteously the benefit
accruing from internet banking.
While Internet continues growing and
gaining popularity among crowd, mobility represents new challenges to
web designers. Wireless access is a new challenging mission in the
current Internet era, with different demand for information by using
less efficient terminals and networks. What really motivated our choice
of topic was the fact that Information and Communication Technology
(ICT) is not yet fully applied in May fresh Bank and in our economy as a
whole. We felt that May fresh Bank Caritas University Branch should
also exploit the use and application of this wireless system in order to
enhance their operations effectively and efficiently.
1.2 STATEMENT OF PROBLEM
In banking industries today, queuing has
become the order of the day, customers‟ line up for hours waiting to
withdraw or deposit money. This creates a lot of problem to both
customers as they waste their useful time in the banking hall. The
management also wastes their time as they run around to find solution to
those problems. Also it is observed that customers cannot withdraw
money any time they want as banks has their working hours. This is a big
problem as needs can arise at any time and human beings will always
like to have those needs solved. Also money deposited into accounts at
times takes some hours to reflect in the persons account balance hence
making banking operations slow and unhealthy for business growth.
Information and Communication Technology
is still underutilized in May fresh Bank Caritas University Branch and
in our society as a whole. May fresh Bank Caritas University Branch
lacks effective ICT capacity for dynamic wireless operations. On
analyzing the existing system of branch, the following problems were
identified:
a. May fresh Bank Caritas University
Branch lacks the Information and Communication Technology (ICT)
capability to wirelessly operate and interact with their database in
order to:
- Verify whether an account is credited or debited, wirelessly using GSM handset or internet.
- To verify the status of a Customer‟s transactions.
c. Presently, customers cannot access their May fresh Bank account Information online or with their GSM handsets, either to check or verify the status of a transaction without much official steps.
May fresh Bank cannot automatically contact their customer whose account number has been credited or debited as a result of lack of automated system.
1.3 OBJECTIVES OF THE PROJECT
- To improve in the speed, effectiveness, efficiency and convenience in business transaction.
- To design and implement a computer software to solve this problem and rendering the services.
- To design a friendly web-site that graphically advertises goods and services provided by the institute on web pages.
- To provide an On-line banking database for May fresh Bank using MySQL database.
- To interface the client and server side in a cost effective and efficient manner.
- To generally enhance the operational capacity of May fresh Bank via ICT.
- To design an interface that could be used to input transactions details for customer, and the bank staff information, able to store them in the database for further use and investigations of any bank transactions.
1.4 SCOPE OF THE PROJECT
This project will provide an online
banking database using MySQL database for May fresh Bank that can be
accessed wirelessly from any branch area at any time. It features both
GSM based wireless database access and Internet based wireless access
for WAP enabled cell phones. Other features include ability to receive
feedback wirelessly from any stakeholder and also the ability to provide
answers wirelessly to frequently asked questions and other enquiries.
It is hoped that its wireless database access feature would greatly
enhance the operational capacity of May fresh Bank in a cost effective
manner.
1.5 LIMITATION OF THE STUDY
Hard time is not a new phenomenon to an
ordinary Nigerian but to the student researcher, it is even worse. Time
and finance posed a lot of constraints to the work.
Consequently, difficulties were
encountered during the collection of primary data. Most of the
administrators, system engineers and clerks visited reluctantly refused
interview for one reason or the other and being referred to, the
organization from one personnel to the other not excluding even security
men.
Books related to this topic are
relatively scarce and could only be gotten from the internet, which took
a lot of time and money.
However, with persistence and perseverance reasonable facts were finally obtained.
1.6 PROGRAMMING LANGUAGE USED
Programming language used are HTML, JAVA
script, PHP. Software includes Adobe Software used are Adobe
Dreamweaver CS5, Adobe Fireworks and wampServer .
1.7 ORGANIZATION OF PROJECT REPORT
This Project report is organized in five
chapters. Chapter one is on the Introduction, Chapter two is on
Literature Review. Chapter three is on Research Methodology and System
Design, Chapter four Testing and Implementation. Chapter Five is on
recommendations and Conclusions.
1.8 DEFINITION OF TERMS
Analysis: Breaking a
problem into successively manageable parts for individual study. Data
flow: Movement of data in a system from a point of origin to specific
destination indicated by a line and arrow
Design: Process of developing the technical and operational specification of a candidate system for implements.
Implementation: In
system development-phase that focuses on user training, site preparation
and file conversion for installing a candidate system.
Operation System: In database – machine based software that facilitates the availability of information or reports through the DBMS.
Password: Identity authenticators a key that allow access to a program system a procedure.
System: A regular or
orderly arrangements of components or parts in a connected and
interrelated series or whole a group of components necessary to some
operation.
System Design: Detailed concentration on the technical and other specification that will make the new system operational.
System Testing: Testing the whole system by the user after major programs and subsystem has been tested.
Unit testing: Testing changes made in an existing or new programs
SOLD BY:
No comments:
Post a Comment