17-03-2011, 04:35 PM
Safe and secure Internet banking system.doc (Size: 53.5 KB / Downloads: 220)
Safe and secure Internet banking system
Objective:
The adoption of Electronic Banking by commercial enterprise has been in existence since the mid 90s, much greater in number due to lower operating costs associated with it. Electronic banking has been in the form of automatic teller machines and telephone transactions. More recently, it has been transformed by the Internet, a new delivery channel for banking services that benefits both customers and banks. Access is fast, convenient, and available around the clock. Furthermore, customer’s application for electronic banking facilities is expanding as the cost savings on transactions over the internet are significant. The chances and threats that the internet symbolizes is no longer news to the present day banking sector. No traditional bank would dare face investment analysts without an Internet strategy. Moreover, business success is not guaranteed by a detailed and thoughtful approach to the internet. The main intention behind the commencement of electronic banking services is to provide the customers with an alternative that is more responsive and with less expensive options. With options just a click away, customers have more control than ever. Their expectations are usability and real-time answers. They also want personal attention and highly customized products and services. This research intends to see how electronic banking has improved the efficiency and effectiveness in the bank, take a look at the security measures on ground and also prefer a solution that can eradicate fraud in electronic banking.
Existing System:
• Existing system does not provide the online transaction facility.
• This system does not give the updated account information to the customer.
• The system is not providing transaction between the Account to Account.
• The system is not providing secured login and authentication features.
• The existing system not providing the unlimited periodic statement facility.
Proposed System:
The development of this new system contains the following activities, which try to develop on-line application by keeping the entire process in the view of database integration approach.
• Customer must have a valid User Id, password and Account Number to login to the system
• Account can be locked by the administrator, and the customer will not be able to use it.
• The system provides the all bank operations like deposit, withdraw, and funds transfer between the two accounts.
• The system is providing balance enquiry facility.
• The system providing the fully secured login features.
• Proposed system providing the statement facilities unlimited, that means the system can generate the any any number of months statements. By giving the from date and to date.
• The system providing the centralized database.
• The system is maintaining transaction, like the both operation success then perform success otherwise transaction should fail.
Number of Modules:
The system after careful analysis has been identified to be presented with the following modules:
The Modules involved are
1. Administrator
2. Customers
3. Transaction
4. Security and authentication
5. Reports
Modules Description:
1. Administrator Module:
Administrator can access all accounts information and provides some username and password for the customer. Accept the Cheque book requests and other queries, View all the bank Transactions. The administrator can also lock the user accounts and he can open the locks.
2. Customer Module:
Can make a funds transfer to another account in the same bank. And the customer can also access their accounts operations like deposit, withdraw and money transfer . Customer can send the cheque book request to the admin, and also they can send other queries.
3. Transaction Module:
This module contains the total information of the transactions like the details of the transaction, description, transaction amount, date of transaction, etc..
4. Security and authentication Module:
The user details should be verified against the details in the user tables and if it is valid user, they should be entered into the system. Once entered, based on the user type access to the different modules to be enabled / disabled
5. Reports Module:
In this Module the Customer and Administrator can generate the different types of Reports and statement according to their access.
Software Requirements:
Operating System : Windows XP/2003 or Linux
User Interface : HTML, CSS
Client-side Scripting : JavaScript
Programming Language : Java
Web Applications : JDBC, Servlets, JSP
IDE/Workbench : MyEclipse6.0
Database : Oracle10g
Server Deployment : Tomcat 5.x
Hardware Requirements:
Processor : Pentium IV
Hard Disk : 40GB
RAM : 512MB or more