05-07-2012, 04:35 PM
NET BANKING
ABSTRACT
The main objective of the proposed solution is to be automated the various functions and activities of the bank through Internet. The solution will facilitate to the bank employees and the account holders with the different modules. This solution is very much necessary for the private sector banks and the corporate sector. The banking industry will take a new shape and explore like never before. Using the solution the bankers and account holders can generate various kinds of reports.
BUSINESS REQUIREMENTS:
Searching Capabilities:
For the account holder’s convenience and on hand information, this solution provides certain searching and checking features for his account. The account holder can any time and any number of times can log on and search for various details as the account’s balance, details of transactions, interest amounts, debits / credits, etc. The account holder will have his unique id and password for logging on to the account’s information.
User friendly:
The solution provides very simple and modified features, which are very easy to view and operate various features. The said project is designed and organized in very simplified manner to suit the current requirements of the account holders of various models such as Saving Bank Account, Current Account, and Recurring Deposit Account.
Transaction Management
The transaction made through either net or manually in bank need to have a consistency with respect to the account details and other related information like transaction details across various databases.
Value Added Service
The solution provides good number of value added services in comparison to the normal banking services. Account holder can view his accounts and give the instructions of making payment to various government organizations for various services. An account holder can issue the instructions to transfer certain amount to any particular account number of the same / different bank. Individual can log on to the site and open new bank account in his name online by following the simplified registration form instructions
Security
The Online banking deals with a lot of proprietary information for its users, which are confidential. It is therefore imperative to provide a means though which information can be kept confidential. This is also ensures that the data that is put into the system maintains its integrity because malicious or unauthorized individual will not have access to alter them. The security is at two different levels, one at account holder and other at administrative level at the bank’s office.
INRODUCTION TO NETBANKING
1)New Account
Opening an account is possible through Internet. Customer needs to open a savings/current account bank account before opening the credit card account. Credit card account will be linked with their savings/current account. Customer needs to give their account detail when applying for the credit card.
2)Teller Services
Customer can use the facility of Teller to receive the details of their account. Teller services component provides the following services, Account Summary, Transaction Details, Card Transaction, Interest Statement,Un Cleared Cheque,Account Summary.
3)Transaction Details
User can use the transaction details option to obtain the details of their
particular transactions. Card Transaction, The card transaction option will be
provided for displaying the card transaction details.
4)Interest Statement
In this option, a customer receives statement on interest earned/debited in their
account for a particular period
5)Un Cleared Cheque
Here, a customer gets report about the Un Cleared Cheque. A separate table is being maintained for tracking cheque clearance.
6)Transaction Services
This module offers two types of services: FundsTransfer,TaxPayment.Customers can use this service for regular payment from one account to another. Alert message. In case if there is no sufficient fund in the origin account, the same must be alerted to the customer. The Tax Payment component facilitates the customer to calculate tax payment amount and remit the same to the tax collecting authority
7)Bill Payment Services
Bill Payment Service components facilitate customers to instruct the banks to issue payment to their bills regularly against utilities such as electricity, gas, water etc. Customer nominates the service provider to the bank, provided the bank has a tie up with the provider. Service providers publish the bills to the bank and the customers will be alerted subsequently. Bank will make payment to these service providers as they get on line instructions from the customer. Bank debits service charge from customer’s account for providing the service.
Customer has to select bills to be paid from the check box option. The customer also gives the account number in which the amount has to be debited.
Alert message will be displayed to the user showing the service charge amount that will be debited from his account.
8)Other Payments
A customer can move the regular payment facility from one account to another. Bank determines the service charge for providing the service to the user. It will be displayed to the user for information to decide for utilizing the services provided by the bank.
9)Requests
Under this module, the customer can request for the following services:Cheque Reorder, New Card Request, Draft / Cashier’s Cheque, Stop Payment,Cheque Reorder In this case, the customer requests bank to issue a new chequebook and the bank may charge the customer for it. The customer requests bank to issue draft/cashier’s cheque. Bank may deliver the DD/cashier’s cheque at users’ doorstep or payee’s doorstep. Bank will charge customer accordingly.
10)Maintenance Services
Maintenance Services module comprises the following components:
Open another account, Close account, Modify account info, Modify customer Info, Open Another Account
ABOUT ORGANIGATION
Quant Technologies Pvt.Ltd. is a software development and consultancy company engaged in leading-edge product making and consultancy in various platforms and areas. The company was established by a group of enthusiastic and dynamic engineering post graduates in August 2002, a five – years – old company.
Since the inspection of the company, it has been involved in to least and cutting edge technologies like, enterprise computing, distributed computing, and internet technologies, all of which being realized in the areas like Java, Dot Net, PHP. With the exponential growth of the mobile industry the company also entered into the area of mobile programming solutions on J2ME (Java to Micro Edition) platform. The company boasts of being the first of its kind to enter into mobile solutions arena. The company is planning to enter into BREW (Binary Run time Environment for Wireless) related technologies soon as a part of its tie-up with an international mobile game provider.
The company has got total employee strength of eighteen, purely technical, of which three serve as project leaders, five serve senior programmers, and the rest as junior programmers. The area of enterprise of the company’s technical staff have classified them into three core action groups.
The first group deal with low level embedded programming area involving the skill set of C, C++, UNIX internals, real time operating systems, Vx Works, and Device drivers. This group deal with the programming of real time systems and device programming like writing device for various devices that are new to the market.
The second group is Microsoft Technologies with the skill set of Visual C++, Visual Basic and Active Server Pages with distributing computing skills like COM and DCOM. These people are commonly involved into the design of dynamic website with connectivity to the corporate databases, front end solutions for various products like speech – recognition systems etc.
The third group is concentrating on Sun Technologies with an enterprise in to the areas of Java2 Standard, Enterprise and Mobile or Micro edition. This group currently is concentrating on mobile programming solutions. The company has got a credit of supplying mobile – based games to World’s best mobile companies.