149117113 E Banking Synopsis

8/13/2019 149117113 E Banking Synopsis

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CTIMT

Shahpur Campus,Jalandhar

Online Banking System

Team Members:

Ranjit SinghRavi Kumar

INTRODUCTION


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Traditional banks offer many servies to their ustomers, inluding aepting

ustomer money deposits, providing various banking servies to ustomers, and

making loans to individuals and ompanies! Compared "ith traditional hannels of

offering banking servies through physial branhes, e#banking uses the Internet to

deliver traditional banking servies to their ustomers, suh as opening aounts,

transferring funds, and eletroni bill payment!

$#banking an be offered in t"o main "ays! %irst, an e&isting bank "ith physial

offies an also establish an online site and offer e#banking servies to its

ustomers in addition to the regular hannel! %or e&ample, Citibank is a leader in e#

banking, offering "alk#in, fae#to#fae banking at its branhes throughout many

parts of the "orld as "ell as e#banking servies through the 'orld 'ide 'eb!

Citibank ustomers an aess their bank aounts through the Internet, and in

addition to the ore e#banking servies suh as aount balane in(uiry, funds

transfer, and eletroni bill payment, Citibank also provides premium serviesinluding finanial alulators, online stok (uotes, brokerage servies, and

insurane!

$#banking from banks like Citibank omplements those banks) physial presene!

*enerally, e#banking is provided "ithout e&tra ost to ustomers! Customers are

attrated by the onveniene of e#banking through the Internet, and in turn, banks

an operate more effiiently "hen ustomers perform transations by themselves

rather than going to a branh and dealing "ith a branh representative!

$#banking servies are delivered to ustomers through the Internet and the "ebusing +yperte&t Markup anguage -+TM.! In order to use e#banking servies,

ustomers need Internet aess and "eb bro"ser soft"are! Multimedia information

in +TM format from online banks an be displayed in "eb bro"sers! The heart of

the e#banking appliation is the omputer system, "hih inludes "eb servers,

database management systems, and "eb appliation programs that an generate

dynami +TM pages!

/ne of the main onerns of e#banking is seurity! 'ithout great onfidene in

seurity, ustomers are un"illing to use a publi net"ork, suh as the Internet, to

vie" their finanial information online and ondut finanial transations! Some of

the seurity threats inlude invasion of individuals) privay and theft of

onfidential information! 0anks "ith e#banking servie offer several methods to

ensure a high level of seurity1 -2. identifiation and authentiation, -3. enryption,

and -4. fire"alls! %irst, the identifiation of an online bank takes the form of a

kno"n 5niform Resoure oator -5R. or Internet address, "hile a ustomer is


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generally identified by his or her login I6 and pass"ord to ensure only

authentiated ustomers an aess their aounts! Seond, messages bet"een

ustomers and online banks are all enrypted so that a haker annot vie" the

message even if the message is interepted over the Internet! The partiular

enryption standard adopted by most bro"sers is alled Seure Soket ayer

-SS.! It is built in the "eb bro"ser program and users do not have to take any

e&tra steps to set up the program! Third, banks have built fire"alls, "hih are

soft"are or hard"are barriers bet"een the orporate net"ork and the e&ternal

Internet, to protet the servers and bank databases from outside intruders! %or

e&ample, 'ells %argo 0ank onneted to the Internet only after it had installed a

fire"all and made sure the fire"all "as suffiiently impenetrable!

Theoretical Background


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Current System:To understand the need and benefits offered by Internet#0anking "e need to kno"

and understand traditional form of 0anking, its limitations and shortomings! The

ustomer need to visit a branh to open his aount, he needs to agree to the terms

and onditions! To "ithdra" or deposit or transfer funds from one aount toanother he need to fill up a form for every individual transation! To submit a

he(ue book re(uest, a ne" form has to be filled and the user needs to "ait for

verifiation! The ustomer has to al"ays visit a bank to make simple hanges1 like

hange of address et! The list of transation made is very important for every

organisation or individual and he has to get it from the bank, if it is saving aount,

a ne" form is filled! In ase a he(ue is lost or the "hole he(ue book gets lost, the

ustomer needs to go through the various proedures of bank for stopping the

payment of he(ues! The ustomer has to visit the bank to get his updated balane

in his aount7 he8she needs to get the entries of the transation in the passbook

regularly!

Drabacks: Customer need to visit to the bank regularly!

Customer has to "ait in a (ueue for his turn!

Customer needs to get his passbook updated regularly!

Customer needs to fill up various forms before his (uery is resolved!

Customer has to visit the bank if he needs to update his8her address!

%or every individual transation, a ne" form has to be filled!

!ro"osed System:


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9roposed system is fully automated system "hih provides ustomer better

servies! Customers are provided "ith a username and pass"ord! They an visit

the sites and login into their aounts! Customers are provided "ith a ommon

username and pass"ord for all his aounts! 9roposed system has the follo"ing

proedures to overome the dra"baks of the e&isting system1

2! Balance #n$uiry1Customer an vie" his updated balane from online servie

anytime!

3! %unds Trans&er1 Customer an transfer funds from his aount to any other

aount in the same bank!

4! Re$uest &or che$ue book1Customer an submit a re(uest for he(ue book! :t a

time only one he(ue book re(uest an be submitted!

;! Change o& address1 Customer an hange his postal8urrent address anytime!

range of he(ues issued to him anytime!

=! 'cce"t Che$ue book re$uest1 :dministrator an aept the he(ue bookre(uest any time from his online aount!

>! Create('dd 'ccount1:dministrator an reate an aount to provide servies

of internet banking!

?! 'dministrator1:dministrator an perform all the funtions that an be done by

ustomers e&ept online fund transfer!

OB)#CTI*#S


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$#0anking provide e&eptional rates on Savings, C6s, and IR:s

Cheking "ith no monthly fee, free bill payment and rebates on

:TM surharges

Credit ards "ith lo" rates

$asy online appliations for all aounts, inluding personal

loans and mortgages

3; hour aount aess

It provides @uality ustomer servie "ith personal attention

It provides the (uik servies to their ustomers!

$nables transfer of funds from one plae to another-banks.!

$&hange of statistial information among banks!

$nables foreign e&hange operations!

Inter#bank appliations like settlement of funds bet"een banks!

9rovides failities like demat operation, :TM operation, online

banking!

:dvantages of /nline 0anking

Refers to onduting banking transations through internet! They are,

/pening A losing of aounts

Make the payments of merhandise transation through 6ebit A Credit

ards!

It gives reliefs to their ustomer from arrying heavy ash!

$nables prompt A speedy operation to lients!

It saves lot of time to their ustomers Aonvenient to aess!


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6isadvantages of /nline 0anking Customer may have to fae risky transation A fraud!

%ailure of po"er supply ause to break do"n of system!

oss of heavy inome at times of settlement of higher magnitude!

Cost involved in training staff may not be profitable espeially in times of

attrition!

6evelopment of an attitude of lethargy!

Module

'dministrator

'uthentication+'uthorisation and Security

'ccount Registration

Transaction

,oan

Credit(Debit Card *eri&ication

Message Ser-icing

#.Mail

'dministrator:

This module has the follo"ing funtions1 :dministrator an1

:dd86elete :ounts

Searh Informations


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:ept Che(ue 0ook Re(uests

To Stop Che(ue 9ayments

To Issue Statements

Clearane

'uthentication+'uthorisation and Security:

:uhentiates 5sers

9revents 5nauthorised :ess

$nryption

%ire"all

'ccount Registration:

:llo"s Customers To Create :ounts

Transaction:

Transfers %unds

:llo"s Credit Cheking

0illing %ailities

,oan:

/nline oan Re(uest

oan 9ayments

oan :lerts


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Credit(Debit Card *eri&ication:

:llo"s Berifiation /f Credit86ebit Cards

Message Ser-icing:

:lerts :bout Transations Made

:lerts :bout 0alane

:lerts :bout Credit Card imits

:lerts :bout 0illings

#mail:

Information :bout :ount Creation

/ther Information :bout :ounts

R#/UIR#M#NTS

SO%T0'R# R#/UIR#D

!$T frame"ork ;!D :S9!$T

CE

Bisual Studio!et 3DD?

:pahe8 Internet Information Server -IIS.


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9hotoshop

S@ Server 3DD

149117113 E Banking Synopsis

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