Project Abstract

<p> The application has three users, Managing Director, Teller and the Customer<br>login page. The MD has access to all the transaction details, MD can create an<br>Account , add staff and each account created will have password for security<br>purpose which is going to serve as login details. The Teller can check account<br>details, Credit an account with the following details Account Number, Amount<br>and Depositor Name, also Debit an account with the following details Account<br>Number, Amount and Withdrawer Name. The Customer has access to check<br>his/her account details, view and print transaction details, also changes his/her<br>password. <br></p>

Project Overview

<p> 1.1 INTRODUCTION<br>Design and implementation of online banking system, a case study of May fresh<br>savings and Loans Bank Caritas University Branch.<br>The greatest innovation that has taken place in the twentieth century is in the<br>realm of information Technology. This is currently made possible by the<br>introduction of the digital computers which has been observed in the field of<br>communication to be increasingly inseparable from communications. These<br>linkages often referred to as convergence is driven by technology and amplified<br>by business trends. Faster growth in network systems that use communication<br>links to connect subsidiary system (nodes) which may send and receives, direct<br>and redirect information.<br>Talking of the internet a couple of years ago would have sound like a<br>fairytale but today the internet is pervasive in almost every field of human<br>Endeavour changing the fundamentals of how we conduct national as well as<br>international businesses. Few years of its existence, the internet has shown that<br>it can deliver the long sought after goal of electronic commerce.<br>It is worth that companies in the developed countries world-wide have<br>recognized the business potential of the internet and are getting connected to the<br>network of networks in their millions.<br>12<br>The financial institution (Bank) is one of such organizations. Banking<br>constitutes one of the most prominent life wire for Socio-Economic grow and<br>development in any given nation, it supports and assists in the supply of long<br>and short term loan, accepts both current sowing and fixed deposits, both<br>foreign transactions, advice and facilitates transactions between client, workers,<br>agents, firm, buyers and seller by providing payment services, not excluding the<br>issue of undertaking risk on behalf of their clients, only to mention but a few.<br>The internet having found its application and acceptance in the banking<br>procession has particularly put the banking industry on an accelerating pace of<br>development. The technological highway (the internet) has become an enabler<br>for Banks in achieving high level productivity and in handling volumes of<br>transaction which would have been impossible without the use of on-line<br>banking (E-commerce).<br>The technology facilitates linkages with clients both through the<br>provision of information and quality service delivery, as well as in reducing<br>barriers to entry into payment systems retail banking. Internet banking allows<br>clients to engage in informal transaction relationship which would have taken<br>long distance travels or movement of documents with the attendant risk of loss.<br>With the online banking (internet) you can at your convenience, at home and at<br>any time review account balances and transactions, transfer funds, receive and<br>pay bills, down-load transaction services and contact customer services just to<br>mention but a few.<br>13<br>An over view of the benefits and prospects of the on-line banking suggest<br>that for banks to be relevant to their customers in term of the services they<br>provide in the twenty-first century and in the future, must append this services<br>provided by E-commerce in the banking system in order to stay in competition.<br>Now the on-line banking is the one thing bank should get up and invest in<br>internet technology to reap bounteously the benefit accruing from internet<br>banking.<br>While Internet continues growing and gaining popularity among crowd,<br>mobility represents new challenges to web designers. Wireless access is a new<br>challenging mission in the current Internet era, with different demand for<br>information by using less efficient terminals and networks. What really<br>motivated our choice of topic was the fact that Information and Communication<br>Technology (ICT) is not yet fully applied in May fresh Bank and in our<br>economy as a whole. We felt that May fresh Bank Caritas University Branch<br>should also exploit the use and application of this wireless system in order to<br>enhance their operations effectively and efficiently.<br>1.2 STATEMENT OF PROBLEM<br>In banking industries today, queuing has become the order of the day,<br>customers‟ line up for hours waiting to withdraw or deposit money. This creates<br>a lot of problem to both customers as they waste their useful time in the banking<br>hall. The management also wastes their time as they run around to find solution<br>to those problems. Also it is observed that customers cannot withdraw money<br>14<br>any time they want as banks has their working hours. This is a big problem as<br>needs can arise at any time and human beings will always like to have those<br>needs solved. Also money deposited into accounts at times takes some hours to<br>reflect in the persons account balance hence making banking operations slow<br>and unhealthy for business growth.<br>Information and Communication Technology is still underutilized in May<br>fresh Bank Caritas University Branch and in our society as a whole. May<br>fresh Bank Caritas University Branch lacks effective ICT capacity for<br>dynamic wireless operations. On analyzing the existing system of branch,<br>the following problems were identified:<br>a. May fresh Bank Caritas University Branch lacks the Information and<br>Communication Technology (ICT) capability to wirelessly operate and<br>interact with their database in order to:<br>ï‚· Verify whether an account is credited or debited, wirelessly using GSM<br>handset or internet.<br>ï‚· To verify the status of a Customer‟s transactions.<br>b. May fresh Bank, can verify the validity of their customers only through<br>one source in a whole Branch through on central database online.<br>c. Presently, customers cannot access their May fresh Bank account<br>Information online or with their GSM handsets, either to check or verify<br>the status of a transaction without much official steps.<br>15<br>May fresh Bank cannot automatically contact their customer whose account<br>number has been credited or debited as a result of lack of automated system.<br>1.3OBJECTIVES OF THE PROJECT<br>ï‚· To improve in the speed, effectiveness, efficiency and convenience in<br>business transaction.<br>ï‚· To design and implement a computer software to solve this problem and<br>rendering the services.<br>ï‚· To design a friendly web-site that graphically advertises goods and<br>services provided by the institute on web pages.<br>ï‚· To provide an On-line banking database for May fresh Bank using<br>MySQL database.<br>ï‚· To interface the client and server side in a cost effective and efficient<br>manner.<br>ï‚· To generally enhance the operational capacity of May fresh Bank via<br>ICT.<br>ï‚· To design an interface that could be used to input transactions details for<br>customer, and the bank staff information, able to store them in the<br>database for further use and investigations of any bank transactions.<br>1.4SCOPE OF THE PROJECT<br>16<br>This project will provide an online banking database using MySQL database<br>for May fresh Bank that can be accessed wirelessly from any branch area at<br>any time. It features both GSM based wireless database access and Internet<br>based wireless access for WAP enabled cell phones. Other features include<br>ability to receive feedback wirelessly from any stakeholder and also the<br>ability to provide answers wirelessly to frequently asked questions and other<br>enquiries. It is hoped that its wireless database access feature would greatly<br>enhance the operational capacity of May fresh Bank in a cost effective<br>manner.<br>1.5 LIMITATION OF THE STUDY<br>Hard time is not a new phenomenon to an ordinary Nigerian but to the<br>student researcher, it is even worse. Time and finance posed a lot of constraints<br>to the work.<br>Consequently, difficulties were encountered during the collection of<br>primary data. Most of the administrators, system engineers and clerks visited<br>reluctantly refused interview for one reason or the other and being referred to,<br>the organization from one personnel to the other not excluding even security<br>men.<br>Books related to this topic are relatively scarce and could only be gotten from<br>the internet, which took a lot of time and money.<br>However, with persistence and perseverance reasonable facts were finally<br>obtained.<br>17<br>1.6 PROGRAMMING LANGUAGE USED<br>Programming language used are HTML, JAVA script, PHP. Software<br>includes Adobe Software used are Adobe Dreamweaver CS5, Adobe<br>Fireworks and wampServer .<br>1.7ORGANIZATION OF PROJECT REPORT<br>This Project report is organized in five chapters. Chapter one is on the<br>Introduction, Chapter two is on Literature Review. Chapter three is on<br>Research Methodology and System Design, Chapter four Testing and<br>Implementation. Chapter Five is on recommendations and Conclusions.<br>1.8DEFINITION OF TERMS<br>ï‚· Analysis: Breaking a problem into successively manageable parts for<br>individual study. Data flow: Movement of data in a system from a point of<br>origin to specific destination indicated by a line and arrow<br>ï‚· Design: Process of developing the technical and operational specification of<br>a candidate system for implements.<br>ï‚· Implementation: In system development-phase that focuses on user<br>training, site preparation and file conversion for installing a candidate<br>system.<br>ï‚· Operation System: In database – machine based software that facilitates the<br>availability of information or reports through the DBMS.<br>ï‚· Password: Identity authenticators a key that allow access to a program<br>system a procedure.<br>18<br>ï‚· System: A regular or orderly arrangements of components or parts in a<br>connected and interrelated series or whole a group of components necessary<br>to some operation.<br>ï‚· System Design: Detailed concentration on the technical and other<br>specification that will make the new system operational.<br>ï‚· System Testing: Testing the whole system by the user after major programs<br>and subsystem has been tested.<br>ï‚· Unit testing: Testing changes made in an existing or new programs. <br></p>