CHAPTER
ONE
INTRODUCTION
1.1
BACKGROUND
OF STUDY
The greatest innovation that has taken
place in the twenties century is in the realm of information technology. This
is currently made possible by the introduction of the digital computer, which
has been observed in the field of communication to be increasingly from
communication. The linkage often referred to as convergence raised by
technology and business, foster growth in network systems that use
communication links to connect subsidiary system (nodes) Which may send,
receive, direct and redirect information to, fro, sender and receiver.
Talking
of the internet a couple of years ago would have sound link a fair table
but today the internet is pervasive in almost every field of human endeavor
changing the fundamentals of how are
conduct national as well as international business.
Few years of existence, the internet has
shown that it can sliver the long sought after goal of electronic commerce. It
is worth noting that companies in developed countries world- wide have
recognized the business potentials of the internet and are getting connected to
the networks in their millions.
The financial institution (Bank) is one
of such organization. Banking constitutes one of the most prominent life wires
for socio economic growth and development in any given nation .it support and
assists in the supply of long and short term loan accept both current saving,
fixed deposits, foreign transactions, advice and facilitates transactions
between client, workers, agents, firms, buyers and sellers by providing payment
services not excluding the issues of undertaking risk on behave of their
client, only to mention but few. The internet housing finds its application and
acceptance in the banking profession and has particularly put the banking
industry on an accelerating place of development.
The technological high may have become
an enablement in achieving high level productivity and in handing volumes of
transactions which would have been impossible without the use of online banking
(e-commerce). This technology facilities link with clients both through the
provision of information and quality service delivery as well as in reducing
barriers to enter into payment system and retail banking, internet banking
allows clients to engage in formal transaction relationship which would have
taken long distance travel or movement of document with the attendant risk of
lose.
With the banking (Internet) you can
review balances and transaction services and contact customer services at your
own convenience. An over view the benefit and prospects of the online banking
suggest that for to be relevant to their customers in terms of the services
they provide in the twenty first century and in the future, they must append
this services provided by E-commerce in the banking system in order to stay in
competition. Now that online banking is the one thing bank should get up and
invest in internet technology to reap bounteously the benefit accruing from
internet banking.
1.2
STATEMENT OF PROBLEM
i.
Interactivity:
use of obsolete communication equipment 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.
ii.
Internet:
subsequent design and implementation of interactive website that facilitates
the use of the internet to be appended or designed to improve the existing
system.
iii.
Record: in the
world of information technology, it is almost recorded on a daily basis for
proper rendering of information.
iv.
Awareness: the
inability to evaluate the benefit derived for the use of the recent
technological development (internet) and capital shortage that may hamper the
design and subsequent implementation of the technology tool hence denying
customer of this advance services and their flexibility, choice and convenience
associated with the internet banking.
v.
Technology:
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 forming implementing
technology based strategies able to see them through competition in banking
markets.
1.3 AIMS AND OBJECTIVE OF THE STUDY
The
aim and objectives of this work is that when the system become operational it
will
i.
Increase the operational efficiency and
accuracy.
ii.
Generate consistent, Accurate, timely
and reliable reports or information for effective control in internet banking.
iii.
Provide the use of account ID and password
for the customer.
iv.
Improve in current automated system that
support internet banking service.
v.
Permit the use of card pin and other
relevant data for E-commerce validation.
vi.
Permit on-line time data storage and
information retrieval
1.4 SIGNIFICANCE OF THE STUDY
The study and subsequent design and the
implementation of this program will be of immense use to the organizational,
the administration and the customers realizing the effectiveness and efficiency
operation of the organization using the online services provided by the web.
Better still; a scholar who intends to carry out subsequent research could have
this as base from where improvement will be made.
1.5 SCOPE OF THE STUDY
This study and subsequent design of the
computer software is limited to the state keystone bank. Although limited to
the above organization, this finding, design and the implementation of the
software is likely to be applicable to other owned organization.
1.6 LIMITATION OF THE STUDY
Hard time is not a new phenomenon to an
ordinary Nigeria but to the student researcher, it is even worse. Time and
finance posed a lot of constraint to the work.
Consequently, difficulties were
encountered during the collection of primary data. Most of the administration
system engineers and clerk visited, reluctantly refused interview for one
reason or the other and being referred to and fro, the organization from one
personnel to other not excluding even security men. Books related to this topic
are relatively scarce and could only be gotten from the internet which took a
lot of time and money. However with persistence and perseverance reasonable
facts were finally obtained.
1.7
DEFINITION OF TERMS
ANALYSIS:
The
methodical investigation of a problem involving the separation of the problem
in to smaller related unit for further solving.
CD ROM: Compact
disk read only memory.
COMPUTER
BASE: Computer
oriented problem solving .
COMPUTER:
Is an electronic
capable of accepting input, processing, storing and output information.
DATA
BASE:
Set
of several permanent files integrated in to a single file which are of
different uses.
E
BANKING: Banking does with the
computer means of transferring data.
FILE:
Is
made up of fields and records.
FORMAL:
The arrangement
of data.
INTERNET:
The internet is a
global network of computers.
LAN:
Local
area network.
MAN:
Metropolitan
area network.
NETWORK:
The
interconnection of computers.
ONLINE:
That
can be access at any given time.
PASSWORD:
A
set of code that gives you access to a computer resources.
PIN:
Positive
intrinsic negative.
PROCCESS:
A systematic
sequence of operation.
PRAGRAM:
Series of
instruction that is given to a computer.
SOFTWARE:
A set of logical
instructions design for the computer.
TELEMETRIC:
The use of telephone
line couple with the computer in providing services.
VIRTUAL
WORLD: As
electronic stimulation experience all head mounted eye Google and wire dating
enabling the end to internet and realistic dimensional situation.
WEB:
The
nearest and friendliest face of the internet made of pages of information.
WINDOWS:
A
type of operating system.