DESIGN AND IMPLEMENTATION OF ONLINE
BANKING SYSTEM
The
application has three users, Managing Director, Teller and the Customer login
page. The MD has access to all the transaction details, MD can create an
Account , add staff and each account created will have password for security
purpose which is going to serve as login details. The Teller can check account
details, Credit an account with the following details: Account Number, Amount
and Depositor Name, also Debit an account with the following details: Account
Number, Amount and With-drawer Name. The Customer has access to check his/her
account details, view and print transaction details, also changes his/her password.
CHAPTER ONE
1.1 BACKGROUND
OF THE STUDY
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.
b. May fresh Bank, can verify the
validity of their customers only through one source in a whole Branch through
on central database online.
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
The
Objectives of this study is:
·
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.
TOPIC: DESIGN AND IMPLEMENTATION OF ONLINE BANKING SYSTEM
Chapters: 1 - 5
Delivery: Email
Number of Pages: 75
Price: 3000 NGN
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