Online banking services have grown from simply allowing customers to check balan

ces, to trading assets. Today, banks like ING Direct are functioning entirely on
line, 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 offe
r higher interest rates than their traditional counterparts. Internet banking gi
ves you the power to control your finances completely. You are no longer tied do
wn to managing your money during the hours the bank is open. If you want to tran
sfer 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 bank
ing to make your life easier. 1.3.3 FEATURES OF ONLINE BANKING Today, online ban
king 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.
A particularly popular aspect of online banking services is the ability to make
bill payments electronically. With a minimum degree of set-up, customers
can enter the amounts of their paper bills (or opt to receive electronic bills)
and process all their payments at one time, from one screen
1.4SCOPE OF THE STUDY 4
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, Withdraw
al of funds and transfer. 1.5 METHODOLOGY This project employs the object orient
ed approach of software engineering using appropriate (UML TOOLS) an object orie
nted approach. Some of the steps to be taken are: Feasibility study understandin
g and identifying of existing system and associated study. Analysis proper analy
sis and suggested solution to tackle such problems will be considered. Design de
signing the new system will be achieved through an object oriented software tool
s (UML). Coding this is implemented as a 3tier architecture model using java lan
guage. The 3 layers of the application are as follows.
1, Java server pages / html pages front end
2, Java server pages / servlets middle end
3, SQL server as the back-end
1.6 MODE OF OPERATION WEBTRUST will contain self explanatory hyperlinks that cus
tomers can click to make any request or perform a task. 5

If a customer clicks on account opening links, he is taken to page where he fill

s a form and clicks the submit button if he is through. A successful filling of
the form gives a response that confirms the customer account is open and activat
ed. Thus such a customer can receive money into such an account through funds tr
ansfer. Account details are sent by the bank to the customer s email box. Register
ed customers or Account holders of the bank can now login using the account deta
ils posted to their email box to login before they can perform financial transac
tions. The system is secured such you cannot operate another mans account even i
f you knew his account details because a new transaction number is always sent t
o a customer for each login. This transaction number is what will be used to aut
henticate any transaction per time. 1.7 DESCRIPTION WEBTRUST is built on the thr
ee tier architecture of web applications. Front-end 6 Database JSP/Servlet (Appl
ication logic) Internet / intranet www.webtrust.com Home Services Contact
. WEBTRUST
Server
(Web server)
Middle-tier Back-end When a request is made on a web page through the browser, a
jsp/servlet script that is residing on the web server (the WEBTRUST Server) pro
cesses the request. It connects to the database to retrieve the requested inform
ation and sends its response back to the browser which displays the output on an
other web page. The advantage of this architecture is that the database is more
secured as it is only accessible by the application logic (jsp/servlet script) t
hat resides on the web server. 1.8 SOFTWARE TOOLS USED IDE: Net Beans 5.5
Language: Java
Web Server: Apache Tomcat 5.0
Web Technology: JSP/Servlet
Database: Ms Access / SQL Serve