ONLINE EVOLUTION SYSTEM FOR MONETARY TRANSANCTION

  • Type: Project
  • Department: Computer Science
  • Project ID: CPU0863
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Format: Microsoft Word
  • Views: 1.4K
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

CHAPTER ONE

   INTRODUCTION

1.0     Introduction

Thousands of banks perform millions of monetary transactions every day and thousands of users follow almost the same banking system. the number of users increases more banks and more staff; are needed it means more money has to be put this system. If advanced computerized based banking system is developed, so there is no need to open new branches in remote areas or same branch provides services to other banking system example ATM system.

          Banking system requires authenticity and validity if a system provides these basic logic that mean we can developed a new system that authenticate and validate the user and user can do any type of virtual or monetary transaction any time any where in minimum amount of time. One of the most authentic codes for recognition of any person is signature. It always appear on almost all types of documents, such as property documents, bank cheques, and credit slips, thus signature has a great importance in our daily life, therefore automatic signature verification is important in the field of document analysis and processing for which a lot of work has been done in the past.

          Online monetary transaction system allows customers of financial institutions to conduct financial transactions on secure website operated by the institution, which can be a retail or virtual book, credit union or building society. To access a financial institution’s online banking facility; a customer having personal internet access must register with the institution for the services, and setup some password (under various names) for customer verification.

          Financial institutions new routinely allocate customers number (also under various names), whether or not customers intend to access their online monetary transaction system facility. Customer numbers are normally not the same as account numbers, because more than one account numbers can be linked to one customer number. The customer will link to the customer number.

          To access online banking, the customer would go to the financial institution’s website, and enter the online banking facility using the customer number and password. Some financial institutions have setup additional security steps for access, but there is no consistency to the approach adopted.

          Net banking offers an inexpensive alternative to banking to expand a bank’s customer base and many banks are using online banking to increase the quality of services to their customers. Many banks have opened websites on the internet and many plan to offer banking services over the internet.

1.1     Theoretical Background 

          Today, it is believed that the application of computer technology in any activity would go a long way in making that activity much easier. To the researcher, this statement remains a theory until proven otherwise by online evolution system for monetary transaction.

          It is also believed that the benefits and advantages of using computers outweighs that if the manual methods. This is also wants to be proven beyond all doubts by the researcher through the implementation of the new system.

1.2            Statement of the Problem

          This research work is carried out to design or rather computerize the online evolution system for monetary transaction, the  expected computerized system aimed at the ending of this work after critical study made up of problems, needs, requirements and specification of Diamond Bank, Uyo.

1.3            Aims and Objectives of the Study

          This study to a large extent will influence the existing system of operation. A critical analysis of the present method will be made and factors affecting it will also be determined.

          The aims of this study cannot be overemphasized as its usefulness will cut across Uyo. All activities carried out by the entire department are tailored towards the proper functioning of the monetary transaction system.

          In other words, the proposed system to be a arrived at as the output of the study will among others aid in the followings:

i)                   Storage of large volume of data with ease of retrieval

ii)                Generation of variable number of reports

iii)              Give major assistance in decision making of Diamond Bank Uyo.

1.4            Significance of the Study

          This research project would be unnecessary if it has no significant to humanity.

          Firstly, the newly designed system would make customers of Diamond Bank Uyo, to check their account balance anywhere they are by the use of the internet connection.

          Secondly, the knowledge that the new system has designed would help customers to create fixed/recurring deposits.

          Thirdly, the new system would also aid customers to transfer funds to other accounts of the same bank.

          Fourthly, the design of the system would provide jobs for system analyst and programmers contracted to build the system for other banks.

          Finally, the research work would serve as a reference material to other scholars interested on further research on the Net banking system.

1.5            Scope of the Study

          This research project is restricted to online evolution system for monetary transaction using Diamond Bank as a case study. Data used for the study which include opening of Account, Deposit of fund, withdrawal of funds and transfer were gathered from this source.

          The internet provides a secure medium for transferring funds electronically between bank accounts, and also for making banking transaction over the internet. All banking activities that were conventionally carried out by visiting the bank can now be done through a computer with internet access. Credit cards transactions are a form of online transaction.

          With online monetary transaction, you cannot only view your account balance but also open Fixed Deposit, transfer funds, pay your electricity telephone or mobile phone bills and much more.

1.6            Organization of the Research

          The research project has been arranged in the following order:

          Chapter one contains introduction, theoretical background, statement of the problem, objective of the study, significance of the study, scope of the study, organization of the research and definition of terms.

          Chapter two focuses on the relevant literature review which highlights the basic concept of the study.

          Chapter three is concerned with the research methodology, system design, input format and program flowchart and output format.

          Chapter four contains the system implementation and programming environment, which gives the direction of the system and analysis of the modules.

          Chapter five summarized and conclude the research work, stating the constraints of the study and some useful recommendations.

1.7            Definition of Terms

Net – Banking: This refers to a numbers of ways in which customers can access their bank without having to be physically present in the banking environment.

Bank: This is an institution offering certain financial services, such as the safe-keeping of money, conversion of domestic into and from foreign currencies, lending of money at interest, and acceptance of bills of exchange.

Implementation: This is the building of systems and installation to ensure that is solve a particular task.

Cheque: This is a bill of exchange drawn on a bank by the holder of a current accounting payable into bank account, if a crossed or on demand, if uncrossed.

Deposit: This is a process whereby money or valuable thing is placed in a bank on similar institution for safekeeping based on pre-defined interest.

Cash: This is a bank note or coins, example in-hand or readily available; money 

ONLINE EVOLUTION SYSTEM FOR MONETARY TRANSANCTION
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Computer Science
  • Project ID: CPU0863
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Format: Microsoft Word
  • Views: 1.4K
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Computer Science
    Project ID CPU0863
    Fee ₦5,000 ($14)
    Chapters 5 Chapters
    Format Microsoft Word

    Related Works

    ABSTRACT This project has traced the evolution of Nigeria’s monetary policy and its performance since the early 1980’s, to provide a background to the reviews; it discussed same theoretical aspects of monetary management. On the theoretical aspect it reviewed the concepts of monetary management, the objective of monetary policy and the... Continue Reading
    ABSTRACT The new media have offered print newspapers the opportunity to reach a wider range of readers through online versions, without any demographic or distribution problems. The advent of online newspapers has made access to news available to anyone who has access to the Internet with just a click of the mouse. However, while many developed... Continue Reading
    ABSTRACT The new media have offered print newspapers the opportunity to reach a wider range of readers through online versions, without any demographic or distribution problems. The advent of online newspapers has made access to news available to anyone who has access to the Internet with just a click of the mouse. However, while many developed... Continue Reading
    Introduction  Thousands of banks perform millions of monetary transactions every day and thousands of users follow almost the same banking system. the number of users increases more banks and more staff; are needed it means more money has to be put this system. If advanced computerized based banking system is developed, so there is no need to... Continue Reading
    ABSTRACT On-line Voting System is a web based system that facilitates the running of elections and surveys online. This system has been developed to simplify the process of organizing elections and make it convenient for voters to vote remotely from their home computers while taking into consideration security, anonymity and providing other... Continue Reading
    ABSTRACT On-line Voting System is a web based system that facilitates the running of elections and surveys online. This system has been developed to simplify the process of organizing elections and make it convenient for voters to vote remotely from their home computers while taking into consideration security, anonymity and providing other... Continue Reading
    CHAPTERONE INTRODUCTION 1.1 Background of the study An E-commerce is the trading in products or services using computer networks, such as the Internet(Wikipedia, 2015). Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply... Continue Reading
    ABSTRACT Kogi state as development partners to the federal government needs to mobilize enough revenue locally to support the federal government development agenda. Inadequate financial resources can undermine the effective implementation of developmental projects in the state. Budgets are important as they prudently manage scarce financial... Continue Reading
    ABSTRACT The development of accounting systems and the computerization of these systems in a small scale business environment is the main theme of this study. The researcher examined the issues involved by understanding the computerized accounting system of model computers company, Warri. Based on the analysis of data for this study it was... Continue Reading
    ABSTRACT The development of accounting systems and the computerization of these systems in a small scale business environment is the main theme of this study. The researcher... Continue Reading
    Call Us
    whatsappWhatsApp Us