Professional Documents
Culture Documents
1.0 INTRODUCTION
The main purpose that banks have been serving since their inception is
keeping our money safe for us. While keeping our money safe, they also let
us earn a certain amount of interest on the money deposited with them.
Traditional banks have been doing this, and internet banks continue the
same function. The only difference is in the way the transactions are made.
We all know about internet banking and most of us use it quite often as well,
but few of us actually understand about the history of internet banking and
how it all came out. Knowing the history of internet banking can be
incredibly useful, especially since it will allow us to have more respect for
the little things that we take for granted.
Computers themselves have really come an enormous way since their initial
establishment, as the earliest electronic computers were so large that they
would take up the entire area of a room, while today some are so small that
they can hardly be seen at all.
In today's world, computers play an incredibly large role in the way the
world exists in general, and the majority of tasks could actually not be
completed if not for the use of computers. Although there are certainly
some areas and jobs that cannot yet be completed solely by computers and
which thus still require actual manpower, for the most part, computers have
helped to make life significantly easier, productive, and more convenient for
us all.
Internet banking has been around for quite a few years now, but has really
only become prominent over the past year or so in particular. Internet
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banking offers an array of different advantages to the user, including:
account balances and history including year-to-date information, the ability
to transfer money from one account to another and to payees for bill
payments, check history, reorders, and stop payments, check credit card
balances and statements, complete online loan applications, secure
interactive messaging with staff, and much more.
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1.2 PURPOSE OF THE STUDY
The aim of this project is to develop a secured online banking system with
the following objectives:
This will cover the benefits derived in using internet banking and its
fundamental.
Many consumers today are turning to the ease and convenience of Internet
banking to take care of their financial needs. With the new levels of access
made possible by the Internet, people can now check the status of their
finances with the click of a button.
The history of Internet banking has evolved from simply allowing customers
to check balances online, to now being able to trade stocks and bonds from
the comfort of their own home!
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Online banking services have grown from simply allowing customers to
check balances, to trading assets. Today, banks like ING Direct are
functioning entirely online, with no brick and mortar building. With the
costs saved by requiring fewer employees and the lack of facility expenses,
these virtual banks can often offer higher interest rates than their
traditional counterparts. Internet banking gives you the power to control
your finances completely. You are no longer tied down to managing your
money during the hours the bank is open. If you want to transfer a balance
after business hours, you can! If you have access to the Internet and have a
number of recurring monthly bills, then you should use Internet banking to
make your life easier.
Today, online banking services are quite varied. One of the best features of
online banking is putting the user in control. The user controls all bill
paying, transfers, and investments from home.
There are other features, though of online banking. One of these is
increased accessibility to your account information. Users of online banking
services can access their account information from anywhere in the world!
This is particularly helpful for businesses. Internet business banking is
becoming increasingly popular, as businesses are becoming more global in
their reach. Now business people can access their accounts, even when on
overseas business trips. Business Internet banking is extremely popular for
this reason.
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1.4 SCOPE OF THE STUDY
The scope of this project is limited to the activities of the operations unit of
the banking system which include opening of Account, Deposit of funds,
Withdrawal of funds and transfer.
1.5 METHODOLOGY
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through funds transfer. Account details are sent by the bank to the
customers email box.
Registered customers or Account holders of the bank can now login using
the account details posted to their email box to login before they can
perform financial transactions. The system is secured such you cannot
operate another mans account even if you knew his account details because
a new transaction number is always sent to a customer for each login. This
transaction number is what will be used to authenticate any transaction per
time.
1.7 DESCRIPTION
www.webtrust.com
Internet
/ JSP/Servlet
Home Services Contact intranet
(Application Database
intranet logic)
.
WEBTRUST
Server
(Web server)
Front-end
Middle-tier Back-end
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the request. It connects to the database to retrieve the requested
information and sends its response back to the browser which displays the
output on another web page.
Language: php
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CHAPTER TWO
LITERATURE REVIEW
The emergence of electronic commerce over the past decade has radically
transformed the economic landscape. For developing countries, the digital
revolution offers unprecedented opportunities for economic growth and
development, a case study of Pakistan.
In the 21st century there will be a lot of banking, but there will be no
banks.
The term "online banking" or "internet banking" covers both computer and
telephone banking. Using computer banking, a customer either uses his
computer to dials directly into its bank's computer or gains access to the
banks computer over the internet. Using telephone banking, the customer
can controls its bank accounts by giving the bank instructions over the
telephone. Both computer and telephone banking involve the use of
passwords which give access to the customers accounts.
Many banks also have the facility for someone to set up, amend or cancel
standing orders. Internet banking also allows payments to be made to the
customer, i.e. acceptance of credit card donations. Most people that use
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internet banking will also continue to use some of the elements of more
traditional methods of banking, such as a cheque book.
In China, while banks issue credit cards and while many use debit
cards to draw directly from their respective bank accounts, very few
people use their credit cards for online payment. Cash-on-delivery is
still the most popular mode of e-commerce payment. Nonetheless,
online payment is gaining popularity because of the emergence of
China pay and Cyber Beijing, which offer a city-wide online payment
system. (Zorayda Ruth B. Andam, 2003).
The Nigerian economy is largely cash-based with a lot of money
residing outside the banking system. To a greater extent, this has
hindered the participation of her citizens in e-commerce where e-
payment is the acceptable means of settling transactions. (Ayo
Charles. K and Babajide Daniel O, 2006). In Nigeria, the
modernization of the payment process started with the introduction of
the MICR. This was followed by the establishment of ATMs for cash
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dispensing, account balance enquiry and payment of utility cheques.
In 1993, the Central Bank of Nigeria (CBN), introduced the use of
payment cards (smartcard) and paper-based instrument. Similarly in
2004, CBN introduced a broad guideline on e-banking which included
the introduction of ATM, e-money products such as credit and debit
cards (Salimon, 2006).
The Turkish banking sector has not only grown in numerical terms it
has also expanded in terms of technology and the range of new
services offered to its local and foreign customers. The sector has
been viewed as the leader of technological innovations in Turkey.
Although a lot of work and progress has been made in electronic banking by
these countries, but these nations are still cash based economies largely.
There needs to be a regulatory framework and awareness among the banks
and the consumers about the benefits and drivers of such systems.
Fast adoption of electronic form of banking is the need of the day for these
developing nations to survive in todays hypercompetitive global world.
Just like many other developing countries, electronic banking initiatives are
being worked on in Pakistan to exploit the technological benefits that can be
reaped along with many other e-readiness initiatives being taken.
Pakistan has been among the late entrants into e-banking. The first ATM
switch was setup in 1999 and in2000 Internet Banking was introduced. (Ali
Ahmad, 2006)
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When the government started an information-technology (IT) and e-
commerce initiative in early 2000, the banks were expected to lead the way
into e-commerce. However, although the banking sector is the leading
spender on information communications technology, the most progress in e-
commerce has been in e-government. Some business-to-business (B2B)
portals are available, but they are designed more for Information than
transactions. (The Economist Intelligent Unit, 2006)
The Ministry of Science & Technology has been taking number of measures
to promote E-Commerce and E-Banking in Pakistan, Technology helps to
catalyze efficiency in the provision of financial services and ultimately in
determining the winners in the intensely competitive financial markets of
the future.
The use of ATMs and e-banking products is gaining currency and almost all
banks have established networking of their ATMs with the interconnectivity
of switches. Better outreach offered by ATMs will enhance the customer
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base and offer more alternatives and choices to customers. Further
development on e-banking and internet banking will open up new avenues
like on-line banking. Among others, the relatively smaller size banks will be
able to compete with the large banks and retain their market presence by
using technology more effectively.
A few of banks offer mobile-phone banking, where customers can pay utility
bills using their mobile phones. The National Institutional Facilitation
Technologies (NIFT), an
This was followed by the domestic banks, which introduced ATM facility in
late 1990s. However, this delayed entry in e-banking may be largely
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explainable by regulatory hurdles, higher start-up costs, 38 ongoing
banking sector reforms, and lack of technical skills.
2.4 METHODOLOGY
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2.5 PROFILE OF RESPONDENTS:
The majority of the respondents were male (83.3%), young (73.7 %) were
between the age of 18 and 30. 53.3 % of the respondents were employed,
36% were students and belonged to the income class between RS 10,000
-20,000.
For the purpose of this project, two commercial and four national banks had
been analyzed.
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Table 2: Most important reasons for opening an internet
account
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Table 3: Reasons for not opening an online bank account
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Variety of features & 79 71.2
services
2.6 CONCLUSION
The findings reported here clearly indicate that at macro level whereby due
to globalisation and a demanding lifestyle, there is a strong need for having
one stop online banking accounts. The analysis therefore shows that the
level of electronic readiness and participation is rather low for a population
of approximately 169 million in Pakistan.
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CHAPTER 3
This chapter deals with the analysis and design of Online Banking,
application of new system, the hardware and software requirements for
implementing the system and stating the choice of the language used.
1. input
2. processing
3. Output.
3.2 Analysis
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System analysis is a logical process; the objective of this stage is not
actually to solve the problem but to determine what must be done to solve
the problem. The basic objective of the analysis stage is to develop the
logical model of the system using tools such as UML (Unified modelling
language). First lets take a look at the existing and proposed system.
Considering the stress and time taken to go to bank and do transaction. The
development of a well structure and secured online banking system will
allow customer to perform objectives like, creating a banking system that is
easily accessible by customers from the comfort of their homes, offices 24/7.
Reduce the flow of human traffic and long queues at banks; Promote
efficient and effective banking for the banks by focusing on those services
that still require physical presence at the banking hall. Provides intra-bank
funds transfer services to their customers. Keep a detailed log of customer
transactions with the bank on his account. Generate the statement of
account of a selected period of time for customers. And Provide a customer
relationship services
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ONLINE BANKING (WEBTRUST BANK
PLC)
REGISTER
SIGN IN
System
OPEN AN
ACCOUNT
Customer OPERATE AN
ACCOUNT
MANAGE
CUSTOMERS
System
MANAGE
ACCOUNTS
20 Customer
MANAGE
TRANSACTION
3.3.1 MAIN COURSE OF EACH USE CASE.
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5. MANAGE CUSTOMERS (Actor: System)
Pre-condition: None
1.1 Create customer inbox
1.2 Generate customer login details
1.3 Sends details to inbox
DEPOSITS
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FUNDS
WITHDRAWA STATEMENT
TRANSFER Click
Customer LS OF<<includes
<<includesaccount
<<includes
<<includes System
3.4.1 MAIN COURSE OF EACH USE CASE.
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1.1 Navigate to the Fund transfer form page
1.2 Fill the fund transfer slip
1.3 Submit the slip
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CHAPTER 4
IMPLEMENTATION
1. The Hardware
2. Application Software.
3. Operating system
Too many packages should not be used, as very few systems may have all
those packages installed due to memory problem. Thus, the compatibility of
the system developed will get reduced.
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Intel Pentium III processor at 750 MHz or faster, minimum of 1G available
disk space for installation (including IBM SDK), minimum of 512 MB
memory, CD-ROM drive.
Language: Java
Implementation
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ODBC Data Source Administrator Dialog Box
1. To Create a DSN, type the name of the data source in the name text
box of the Create a New Data Source to SQL Server dialog Box as
shown in the following figure.
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2. To select the required SQL Server select the name of the SQL Server
from the Server drop down list and click the Next button.
3. To indicate how the SQL Server should authenticate a login ID, select
with the SQL Server authentication using a login ID and a password
entered by the user option. The login ID and the password entered by
the user option. The Login ID and Password textboxes becomes active
as shown in the following figure.
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4. Type the username and password in the text boxes and click Next.
5. To enable the database drop-down list, select the change the default
database to options.
6. To select the required database select the name of the database from
the drop down list and click Next button.
7. Select the language for the System messages to English and click
Finish.
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8. The ODBC Microsoft SQL Server Setup dialog box appears with all
the details about the created DSN as shown in the following figure.
9. To test the created DSN for the connection with the database, click
Test Data Source button, the message regarding the connectivity test
appears.
10. Click Ok to save the Configuration settings for the new data
source.
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11. To verify that the DSN is created, check the name of the
Created DSN in the user data source list box of the ODBC Data
Source Administrator dialog box and click Ok. The following figure
shows the ODBC Data Source Administrator dialog box.
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Displaying the webtrust Data Source created.
The Data Source is then used in the Login Process, to access specific tables
in the database.
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34
35
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4.6 Recovery & Security
The usability test verifies the user-friendly nature of the system. This relates
to normal operating and error-handling procedures.
Proper documentation is must for mainframe of any software. Apart from In-
line documentation while coding. Help coding, help files corresponding to
each program were prepared so as to tackle the person-dependency of the
existing system.
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CHAPTER 5
This section discuses the result of the work done in this project And also
mentions the future scope for improvement.
5.1 Conclusion
Front-end-----html,css,js
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5.3 A Sample forms
Home Page
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Customer Information
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Viewing Signature form
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Viewing Sign-In Page
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Welcome Login Account Page
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Account Details
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BioData
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Statement of Account
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Deposit Views
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Withdrawal Views
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Fund Transfer Views
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PROGRAM LISTING
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<?php
if(isset($_REQUEST['submitBtn'])){
include '_inc/dbconn.php';
$username=$_REQUEST['uname'];
//salting of password
$salt="@g26jQsG&nh*v";
$password= sha1($_REQUEST['pwd'].$salt);
$result=mysql_query($sql) or die(mysql_error());
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$rws= mysql_fetch_array($result);
$user=$rws[0];
$pwd=$rws[1];
session_start();
$_SESSION['customer_login']=1;
$_SESSION['cust_id']=$username;
header('location:customer_account_summary.php');
else{
header('location:index.php');
}}
?>
<?php
session_start();
if(isset($_SESSION['customer_login']))
header('location:customer_account_summary.php');
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?>
<!DOCTYPE html>
<html>
<head>
<meta charset="UTF-8">
</head>
<body>
<div class="wrapper">
<div class="header">
</div>
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<div class="navbar">
<ul>
</ul>
</div>
<div class="user_login">
<table align="left">
<tr><td colspan="2"><hr></td></tr>
<tr><td>Username:</td></tr>
<tr><td>Password:</td></tr>
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</table>
</form>
</div>
<div class="image">
<div class="text">
<a href="faq.php"><h3>FAQ'S</h3></a>
</div>
</div>
<div class="left_panel">
<h3>Features</h3>
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<ul>
<li>Funds Transfer</li>
<li>Mini Statement</li>
</ul>
</div>
<div class="right_panel">
<h3>PERSONAL BANKING</h3>
<ul>
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<li>Phishing is a fraudulent attempt, usually made through
email, phone calls, SMS etc seeking your personal and confidential
information.</li>
</li>
</ul>
</div>
Connect.php:
<!DOCTYPE html>
<html>
<head>
<meta charset="UTF-8">
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<title>Contact Us</title>
<style>
.heading{
font-weight:bold;
color:#2E4372;
</style>
</head>
<div class='content_customer'>
<h3 style="text-align:center;color:#2E4372;"><u>Contact
Us</u></h3>
<div class="contact">
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<p><span class="heading">Email -
</span>kolkatabranch@onlinebank.com</p>
<p><span class="heading">Email -
</span>delhibranch@onlinebank.com</p>
<p><span class="heading">Email -
</span>bangalorebranch@onlinebank.com</p>
</div>
</div>
Admin_home_page.php:---
<?php
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session_start();
if(!isset($_SESSION['admin_login']))
header('location:adminlogin.php');
?>
<!DOCTYPE html>
<html>
<head>
<meta charset="UTF-8">
<title>Admin Homepage</title>
</head>
<div class='content'>
<div class='admin_staff'>
<ul>
<li><b><u>Staff</u></b></li>
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<li> <a href="addstaff.php">Add staff member</a></li>
</ul>
</div>
<div class='admin_customer'>
<ul>
<li><b><u> Customer</u></b></li>
</div>
</div>
</body>
</html>
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REFERENCES
2. www.google.com
3. www.wilkipedia.com
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9. Zorayda Ruth B. Andam, 2003, e-commerce and e-business, e-Asean
Taskforce UNDP-APDIP, Phillipines & Malaysia, 23
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