Design And Implementation Of Online Banking System (A Case Study Of May Fresh Savings And Loans Bank Caritas University, Enugu)

Project and Seminar Material for Computer Engineering

Design And Implementation Of Online Banking System (A Case Study Of May Fresh Savings And Loans Bank Caritas University, Enugu)


Abstract


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 Withdrawer Name. The Customer has access to check his/her account details, view and print transaction details, also changes his/her password.


Chapter One


Introduction

1.1 Background Of The Study

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:

  1. 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.
  2. May fresh Bank, can verify the validity of their customers only through one source in a whole Branch through on central database online.
  3. 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.

Many 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

  1. To improve in the speed, effectiveness, efficiency and convenience in business transaction.
  2. To design and implement a computer software to solve this problem and rendering the services.
  3. To design a friendly web-site that graphically advertises goods and services provided by the institute on web pages.
  4. To provide an On-line banking database for May fresh Bank using MySQL database.
  5. To interface the client and server side in a cost effective and efficient manner.
  6. To generally enhance the operational capacity of May fresh Bank via ICT.
  7. 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.


Chapter Five


Summary, Conclusion And Recommendations

5.1 Summary

A summary of the achievements of this project, the existing system was analyzed, after which information were gathered followed by the analysis of those data. Based on the analysis, the limitations of the existing system were identified which initiated the choice of this project topic. This was followed by the system design, specification, database design, client side design, server side design, interface design and system security design. The implementation of these designed units was carried out successfully. After the design and implementation of the various units, system testing was carried out both on unit and general testing basis using test data to check the expected and actual test result. Finally, the performance evaluation of the system was certified since it is doing what it was designed to do.


5.2 Limitation

On the course of this project, many problems were encountered. Some of which includes: lack of knowledge of Adobe CS5, this problem was solved by learning this programming Language. Lack of adequate finance to run around for the project, this was solved by getting money from some family members. Unavailability of some answers to research questions from textbooks and other sources, the solution was to interact with some Information Technology staff whom their practical experiences really helped in the project implementation.


5.3 Recommendations

We strongly recommend that companies, industries, institutions, business organizations should start using this software as it will go a long way eradicating many of their difficulties in their various business endeavors.


5.4 B.E.M.E (Bill of Engineering Measurement and Evaluation)

System Costing: The software was realized with about two hundred and forty eight thousand naira only.

The expenses are as presented in table 5.1.

Table 5.1 Project Expenses available in the complete material


5.5 Conclusion

The aim of this project is to provide a computerized banking system to be used in the bank. This project has been successfully completed and will go a long way to change the mode of operation of May Fresh Bank especially to improve efficiency of the bank.


Design And Implementation Of Online Banking System (A Case Study Of May Fresh Savings And Loans Bank Caritas University, Enugu)


Project Material Download

3,000 Naira


The complete material will be sent to you in just 2 steps.

Quick & Simple…


Step One Purchase

Make payment of ₦3,000: through USSD Transfer, Bank Mobile App, ATM Transfer, or POS Transfer to:

Access Bank PlcAccount No.: 0811003731
Name: Samphina Academy
Account Type: Current

Or Click Here to pay with Debit Card

FOR CLIENTS OUTSIDE NIGERIA:
Click Here to pay with Debit Card ($15)
GHANA – Make Payment of 60 GHS to MTN MoMo, 0553978005, Douglas Osabutey 

  PAY WITH CRYPTOCURRENCY


Step Two Purchase

Send the following details through Text Message or WhatsApp Messenger | +234-8143831497

  • Payment Details 
  • Email Address 
  • Design And Implementation Of Online Banking System (A Case Study Of May Fresh Savings And Loans Bank Caritas University, Enugu)

The complete material will be sent to your email address after receiving your payment information | T & C Apply


  Contact Our Help Desk


You may also like:

⚠️ Need a different topic? Perform a quick search



Get A Complete Business Plan For Any Business In Nigeria

Business Plan for Businesses in Nigeria

  Business Plans in Nigeria


Design And Implementation Of Online Banking System (A Case Study Of May Fresh Savings And Loans Bank Caritas University, Enugu)


Disclaimer

This research material “Design And Implementation Of Online Banking System (A Case Study Of May Fresh Savings And Loans Bank Caritas University, Enugu)” is for research purposes and should be used as a guide in developing your research project / seminar work. For no reason should you copy word for word (verbatim) as samphina.com.ng will not be liable for any who copied the material.

The aim of providing this material is to reduce the stress of moving from one school library to another all in the name of searching for research materials. This service is legal because, all institutions permit their students to read previous projects, books, articles or papers while developing their own works. According to Austin Kleon “All creative work builds on what came before”.

samphina.com.ng is only providing this material “Design And Implementation Of Online Banking System (A Case Study Of May Fresh Savings And Loans Bank Caritas University, Enugu)” as a reference for your research. The paper should be used as a guide or framework for your own paper. The contents of this paper should be able to help you in generating new ideas and thoughts for your own research. Use it as a guidance purpose only.


How to defend your research work


This is a general guide on how to defend your research work:

1. Prepare For Questions:

If you are preparing for questions that may be asked during your defense, then your answers will flow smoothly and effectively. This will prove your knowledge on the subject e.g “Design And Implementation Of Online Banking System (A Case Study Of May Fresh Savings And Loans Bank Caritas University, Enugu)“, and strengthening your argument. Ask friends and family, read your work for them to listen to your presentation, and write down questions. You may be lucky the panel will ask you those you have already prepared on.

2. Strong Summary:

Summarizing your chapters will help keep your audience focused because it is easy for a mind to drift, so providing summaries will ensure your panel will follow along, even if they lose focus for a brief moment. Visual aides, such as graphs and power-point presentations can be very helpful. If you are going to use these, make sure you will practice your presentation with them.

3. Be Confident in Your Research Work:

Not knowing your topic “Design And Implementation Of Online Banking System (A Case Study Of May Fresh Savings And Loans Bank Caritas University, Enugu)” inside out will cause you to struggle and ultimately fail with your defense. You need to know the subject from every angle to ensure you are fully prepared for any question that may come your way.

4. Conclusion:

Reinforce your findings to conclude your defense. The finale of your presentation should focus on proving the work that has been done. You may need to recap on what has changed and remained unchanged, if is necessary.

5 . Listen:

Before you get defensive or recite a particular answer, make sure you truly understand the question being asked. Being a good listener is an important quality, because providing an inaccurate or off-topic answer will also weaken the validity of your paper.

Samphina Academy

Samphina Academy is an Online Educational Resource Center that is aimed at providing students with quality information and materials to aid them in succeeding in their academic pursuit.