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DESIGN AND
COMPUTERIZATION OF AN ELECTRONIC FUND TRANSFER SYSTEM
ABSTRACT
Simulation As Scientific process
involves careful analysis and initiation of the real life event using an
electronic device especially computer system and networking.
The feature grasps the utilization of these processes and transforms the
stable system into acceptable or efficacisionus one. After having viewed the
constraints in series of activities in the banking sector in series of
activities in the banking sector in the country. An attempt was made regarding
the utilization of the works computer system and network connection does.
Understanding this concept an earlier attempt recalls the designing a new
system that can resituate banks workers from the slumber working equipment
(manual system).
Realizing this in the First Bank
Nigeria Plc for analysizing an old system of money transfer forming electronic
found transfer.
This exclude s special software that is
unbreakable in feature that can run the organizational found transferring
system.
However, in the security system, the program contains more security features
that enable bank workers to determine the owner of the found transferred.
Having seen nd observed this system towards developing safer and easier method
of fund transfer yield more effort and zeal in to the analysis of this system
to sound off our academic pursuit in institute of management and Technology.
Perhaps this calls for implementation.
ORGANIZATION OF WORK
This work is divided into two parts:
the first part is the preliminaries while the second part is the main body. The
pre;iminary part com[pries the title page, the approval a page,the approval
page dedication , acknowledgement table of figures, table of contents and the abstract.
Then the bibliorgraphy and appendices were after chapter seven chapters.
Chapter one outlined the problem definition, th purpose of the study, what the
work is among at, the scope constraints and assumptions.
Chapter two review the related literature
chapter three described and analyzed the existing system which specified the
fact finding method used the organizational structure, the objective of the
existing system, the input process and output analysis, the information flow
diagram, problem of the existing system and justification the new system.
Chapter four described the design of
the new system, and highlighted the output/input specification and design file
design, procedure chart and system requirement.
Chapter five is the implementation of
the designed system, having the program design and flow chart with it
pseudocodes, sources program and text run.
Chapter six is documentation i.e
user’s manual.
Chapter seven gave recommendation and
concludes the work.
TABLE OF CONSTANTS
Title page
Abstract
Table of contents
Organization
CHAPTER ONE
1.0
Introduction
1.1 statement
of the problem
1.2
Purpose of the study
1.3
Aims and objectives
1.4
Project scope
1.5
Limitation and constants
1.6
Assumption
1.7
Definition of terms
CHAPTER TWO
2.0 literature
review
CHAPTER THREE
3.0 description
and analysis of the existing system
3.1
Facts findings method used
3.2
Objective of the system
3.3
Input, process and output analysis
3.4
Information flow diagram
3.5
Problem of the existing system
3.6
Justification of the new system.
3.7
Reference to written document
3.8
Organizational structure
CHAPTER FOUR
4.0
Design of the new system
4.1 Out
put/input specification and design
4.2
Output specification and design
4.3
File description
4.4
Procedure flowchart
4.5
System requirement
4.6
Pc’s hardware requirement
4.7
Software requirement
4.8
Operating environment
CHAPTER FIVE
5.0
Implementation
5.1
Program design
5.2
Program flowchart
5.3
Pseudocode
5.4
Sources program
5.5
Test run
Chapter six
6.0
Documentation
CHAPTER SEVEN
7.0
Recommendation and conclusion
7.1
Conclusion
7.2
References
CHAPTER
ONE
INTRODUCTION
Electronic found transfer system is an organized process of transferring fund
through electronic means by the use of computer where debits and credits are
made into ones account.
First Bank Nigeria Plc, is one of the commercial Banks which has ventured into
EFT. The system allows a customers account to be credited electronically with
24 hours any where in Nigeria, it transferring fund when compared with the
traditional means such as mail transfer and telegraphic transfer. It is mere
secure and time is saved when money is transferred through EFT. Such money
(fund) is transferred electronically by the bank through their accredited
branches or Agents.
Somebody in one of the states of a particular country who wishes to release found
to a client residing in other part to different state of the some country
will go to the nearest bank i.e. . First Bank that does the fund transfer
system and makes his/her deposit. It is available for payment within munutes
from any part of the country. If one is to end fund through the system (in the
event of its being introduced) as soon as the fund transfer control number
(F.T.C.N) is displayed on the screen. This is an indication that the fund is
noe available for collection.
FEATURES
The system is designed to handle the needs of fund transfer customers and agent
in on efficient and user friendly manner. Both new and experienced can use this
work, it documents the software works following the flow of transaction as they
usually occur. The money link system provides frameworks within various
relationships among states operating it.
1.1 STATEMENT OF
PROBLEMS
Fund transfer is a job that involves complex date and tedious calculation.
Human beings what they cannot carryout the activities of transferring fund
automatically. Manual transfer wastes to much times, it is generated very late,
where there are many customers to attend to, it takes weeks to prepare the
transfer which may effect the purpose of the transfer. Some are short paid and
thus makes the system unreliable. The use of files, papers and file cabinet
cost much and occupies much space. It also wastes a lot of time during
information retrieval.
1.2 PURPOSE OF THE
STUDY
Generally the purpose of the study s to find out a way towards enhancing better
method which will be geared towards alleviating the frustrations customers
undergo in a bit to collecting fund credited to their account.
This is because instead of waiting for months, the entire transaction can be
finished within minutes. Also the offices in change of the fund transfer will
gain from this study because the problem they are facing have been
detected and solution recommended the new system will erase the burdens in
collection and processing storage of data and generation of report by the
management for decision making and perhaps for the development of the
organization.
1.3 AIMS AND
OBJECTIVES
The aims and objective of this system are to provide most Nigerians with a very
fast convenient, reliable and secure way of crediting to the accounts of their
friends and relatives.
Accurate and timely information will be made available hence efficiency will be
advanced. Since customers can nearly be attended to without taking much of
their times, since the speed of operation will generally increase as the
computer on handle bilious of information items.
1.4 PROJECT SCOPE
The study id concerned with the method of fund transfer. That is crediting fund
from ones account in one’s state to another account as another state all in the
same country.
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