Electronic Money Transfer

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  • Topic: Electronic money, Money, Computer
  • Pages : 5 (940 words )
  • Download(s) : 149
  • Published : February 19, 2013
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TABLE OF CONTENTS
Page
Title Pagei
Approvalii
Dedicationiii
Acknowledgementiv
Table of Contentsv-vii
Abstractviii-ix

Chapter One
Introduction
1.1Background of Study
1.2Objective of Study
1.3Significance of Study
1.4Scope of Study
1.5Limitation of Study
1.6Research Methodology
1.7Choice of Programming Language

Chapter Two
Literature Review
2.1Concept of Electronic Money
2.1.1Types of Electronic Money
2.1.1.1Identified Electronic Money
2.1.1.2Anonymous Electronic Money
2.2Overview of Electronic Money
2.3Electronic Money Payments
2.3.1Automated Teller Machine
2.3.2Credit Cards
2.3.3Debit Cards
2.3.4Stored Value Instruments
2.3.5Smart Card
2.3.6Micropayments and E-Checks
2.4Wire Transfer and ACH
2.5Benefits of Electronic Money

Chapter Three
System Analysis and Design
3.1Analysis of Existing System
3.2Design Approach
3.3System Design
3.4System Operation

Chapter Four
Implementation and Documentation
4.1System Requirement
4.2Programming Language Selection
4.3Program Design
4.4Program and System Execution
4.5Program Implementation and Operation
4.6Program Testing and Debugging
4.7Program Documentation
4.8Software Maintenance

Chapter Five
Summary, Conclusion and Recommendation
5.1Summary
5.2Conclusion
5.3Recommendation

Bibliography
{Author’s Name, Year} Title, Publisher
Appendix A
{System Flowchart and Programming Flowchart}
Appendix B
{Source Code/Program Listing}
Appendix C
{Program Output}

ABSTRACT

Electronic Fund Transfer appears for many as the next logical step in advanced electronic and computing technology, having the potential to become the money of the future, electronic fund transfer (ETF) has caught the eyes of entrepreneurs, IT professionals, computer scientists and economists.

ETF is in two commercial products, the card-based and software-based. This research emphasis on ETF is from the software perception. This specialized software that has been extensively researched and experimented is designed to enable the means of transferring money locally from one point to another. This requires the transfer of money between parties via electronic system that have been fashioned to do so.

This project aims at the convenience of the transfer of funds and to develop specialized software, which will enable the secured and detailed transfer of funds.
CHAPTER ONE

1.1Background of Study
A simple and cost effective means of transferring money locally from one point to another, with emphasis on the design of a program (software).

Electronic Money (E-Money) may be broadly defined as an electronic store of monetary value on a technical device that may be likely used for making payments to undertakings other than the issues without necessarily involving bank accounts in the transaction, but acting as a prepaid bearer instrument (European Central Bank, 1998). In other words, Electronic Money is money that cannot be touched (cashless) or held (paperless) but can be transacted on line. These products could be classified into two broad categories.

a.Software-based Products
b.Card-based Products

Software-based Products: employs specialized software on a personal computer, typically allowing the electronic value to be transferred.

Card-based Products: these are prepaid stored value card sometimes called “electronic purse”. Electronic value stored on a plastic card with a chip/magnetic strip.

The main difference between the card-based products are certain aspects of technical security features and the storage medium of the electronic money however, there are also similarities in both cases the user has to pay in advance for the value stored as electronic money units, which can then be used for payment purposes. In the processor memories and during transfers between them, the electronic money is represented by an encrypted string of bits. It...
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