CHAPTER ONE
INTRODUCTION
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. This linkages often referred to as convergence is driven
by Technology and amplified by business trends the technology and
business. Faster growth in network systems that use communication links
to connect subsidiary system (nodes) which may send, receives, direct and
redirect information to , fro, send and receiver.
Taking 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 support and assists in the supply of long
and short term loan, accepts both current sowings 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 handing volumes
of transaction which would have been impossible without the use of on-line
banking (E-commerce).
The technology facilitate 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-five 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.
1.1
STATEMENT OF PROBLEM
The advances in the world of information technology it is almost recorded on a
daily basis. Consequently, rendering former communication equipment
obsolete as people tilt towards the use of improved electronics that support
E-commerce made possible through the use of the internet in the banking sector.
Although a significant improvement has been recorded in the use and deployment
technology in the banking industry over the last decades, most banks are still
for form implementing technology based strategies able to see them through
competition in banking markets. This may be as a result of lack of
awareness, the inability to evaluate the benefit derived from the use of the
recent technological development (internet) and capital shortage that may
hamper the design and subsequent implementation of the technological tool hence
denying customers of this advance services and their flexibility, choice and
convenience associated with the internet banking.
The advantages offered by these toll calls for a review of an existing
automated system and subsequent design and implementation of interactive
web-site that facilitates the use of the internet to be appended or designed to
improve the existing system.
1.2 PURPOSE
OF THE STUDY
·
To investigate the lacks
of the current automated system in terms of modern technology appliances that
support internet banking services and suggest ways of up dating them.
·
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 advertise goods and services provided by the
institute on web pages.
·
To carry out a
feasibility study on the organization for the purpose of installing an on-line
banking.
1.3 AIMS
AND OBJECTIVES
The aims and objectives
of this work is that when the system become operational it will
·
Increase the operational
efficiency and accuracy.
·
Generate consistent,
Accurate, timely and pieliable reports or information for effective control in
internet banking.
·
Provide the use of
account ID and password for the customer.
·
Improve in current
automated system that support internet banking service.
·
Permit the use of card
pin and other relevant data for E-commerce validation.
·
Permit on-line time data
storage and information retrieval
1.4 SCOPE
OF THE STUDY
This study and
subsequent design of the computer software is limited to the (union bank of
Nigeria, Enugu.)
Although limited to the
above organization, the finding, design and implementation of the software is
likely to be applicable to other owned organization.
1.5 DEFINITION
OF TERMS
INTERNET
The internet is global network of computers.
LAN
Local Area Network
MAN
Metropolitan Area Network
WAN
Wide Area Network
NT
Network Termination
PIN
Positive Intrinsic Negative
WEB
The newest and friendliest face to the internet made of pages of information
about the institution it represent.
Virtual
World:
As electronic simulation experienced via a head mounted eye goggle and wire
doting enabling the end use to interact in realistic three dimensional
situation.
Analysis:
The methodical investigation of a problem involving the separation of the
problem into smaller related unit for further study.
Computer –
base: computer oriented problem
solving.
Format:
The arrangement of data.
Software:
A set of logical instruction designed for the computer.
File:
is made up of field and records.
Database:
Set of several permanent files integrated into a single file, which is
available for many different use?
Process:
A systematic sequence of operation.
Program:
Series of instruction that is given to the computer
Computer:
Is an electronic device capable of accepting inputs processing, storing and
outputting information in human readable form.
Network:
The inter-connection of computers.
Window:
a type of operating system.
Real time:
A computer that gives immediate result of the processed data.
On-line:
That can be accessed at any given time
Password:
A set of code that gives you access to a computer resources.
E-banking:
Banking done with high computer means of transferring data.
Telemetric:
The use of telephone line couple with the computer in providing services.
CD
ROM:
Compact – disk read only memory.
Department | Banking and Finance |
Project ID Code | BFN0027 |
Chapters | 5 Chapters |
No of Pages | 58 pages |
Methodology | Descriptive |
Reference | YES |
Format | Microsoft Word |
Price | ₦4000, $15 |
|
|
Contact Us On | +2347043069458 |