Online Information Payment System
Online Information Payment System
Chapter 1
The Problem and Background of the Study
1.1 Introduction
Computerization has become an increasingly important competence in any organization. Technological Facilities, for many institutions are the key to survival as they seek to realize its organizational goals and contribute significantly to the growth of the company or the institution. However Computerization has been a great contribution to the world of Information Technology, particularly, in the improvement and development of one’s organization and society as a whole. Information System the term is a very popular one these days. Everyone is talking about Information System and how this thing is connected or related closely with computer science. As a matter of fact, this is no doubt true. Information System is a branch of computer science, where computer science is playing the role of the mother or root subject. To be brief, an Information System is some kind of combination of information technology and the activities of people associated to support and execute the necessary operations and management of the system with the responsibility of decision-making. It is a system of people and technology depending on each other to achieve some common goal. The very name suggests not only this co-operation of man and machine, but also the way in which the interactions between them work in support of various business processes.
Payment System is a supporting transfer of funds from suppliers (savers) to the Information system users (borrowers), and from payers to the payees, usually through exchange of debits and credits among financial institutions. It consists of a paper-based mechanism for handling checks and drafts, and a paperless mechanism such as electronics funds transfer for handling electronic commerce transactions.
In a modern economy, the payment system is a major component of the country’s infrastructure
Chapter 1
The Problem and Background of the Study
1.1 Introduction
Computerization has become an increasingly important competence in any organization. Technological Facilities, for many institutions are the key to survival as they seek to realize its organizational goals and contribute significantly to the growth of the company or the institution. However Computerization has been a great contribution to the world of Information Technology, particularly, in the improvement and development of one’s organization and society as a whole. Information System the term is a very popular one these days. Everyone is talking about Information System and how this thing is connected or related closely with computer science. As a matter of fact, this is no doubt true. Information System is a branch of computer science, where computer science is playing the role of the mother or root subject. To be brief, an Information System is some kind of combination of information technology and the activities of people associated to support and execute the necessary operations and management of the system with the responsibility of decision-making. It is a system of people and technology depending on each other to achieve some common goal. The very name suggests not only this co-operation of man and machine, but also the way in which the interactions between them work in support of various business processes.
Payment System is a supporting transfer of funds from suppliers (savers) to the Information system users (borrowers), and from payers to the payees, usually through exchange of debits and credits among financial institutions. It consists of a paper-based mechanism for handling checks and drafts, and a paperless mechanism such as electronics funds transfer for handling electronic commerce transactions.
In a modern economy, the payment system is a major component of the country’s infrastructure