Online Banking System

Topics: Bank, Online banking, Credit union Pages: 41 (11322 words) Published: January 3, 2012
1. Introduction

Online banking is an internet based account management service that allows to view our account balances and transaction transfer funds between authorized accounts, initiate loan payments, request stop payments on checks, order personal checks, download transaction information into your computer communicate with the bank using e-mail, and can include bill payment services bill payment services.

On-line storage refers to a file of information (like a file on "students" or " courses) that the computer and the user can access immediately. The computer, in other words, is directly connected to the file. A database is simply a collection of on-line files to which the user can gain access

Tape storage of data is inexpensive and reliable. Computer tape stores data much like audiotape and videotape store pictures and music, namely, in sequential order using magnetic impression on a thin film. Disk storage involves using magnetic impressions on a thin steel disk.

The advantage here is that the information does not need to be in sequential order and the user can gain access to any piece of information immediately.


Immediate Input Immediate Processing Immediate File Update

On-Line Processing

Online processing, which is now common involves transactions and processing them immediately.

On-line processing systems use disk storage, which permits immediate access to specific items of information. In on-line processing, transactions are keyed into the system immediately and the system responds immediately. The master file is updated continually.

The online has revolutionized the computer and communications world like noting before. The invention of the telegraph, telephone, radio, and computer set the stage for this unprecedented integration of capabilities. The online is at once a world wide broadcasting capability, a mechanism for information dissemination, and a medium for collaboration and interaction between individuals and their computers without regard for geographic location.

In this paper online several of us involved in the development and evolution of the share our views of its origins and history. This history revolves around four distinct aspects. There is the technological evolution that began with early research on packet switching and the Arpanet (and related technologies), and where current research continues to expand the horizons of the infrastructure along several dimensions such as scale,

Performance and higher level functionality. There is the operations and management aspect of a global and complex operational infrastructure. There is the social aspect, which resulted in a broad community of Internets working together to create and evolve the technology. And there is the commercialization aspect, resulting in an

Extremely effective transition of research results into a broadly deployed and available information infrastructure.

The online today is a widespread information infrastructure the initial prototype of what is often called the National (or Global or Galactic) Information Infrastructure. Its history is complex and involves many aspects-technological organizational and community. And its influence reaches not only to the technical fields of computer communications but throughout society as we move toward increasing use of online tools to accomplish electronic commerce, information acquisition, and community operations.

2. Importance of the study

The banking business has been in effect since the importance and need of finance and money as well transaction in business. We got the banking culture in a usual form within the relationship between customers and bankers. In course of time banking became the inevitable part of our daily necessities through out our state. Banking business always appears to fulfill the need and convenience of customers in home...

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