ABSTRACT
This
project was centered on card based security system. The current process of
security is being operated manually and due to this procedure numerous problem
are been encountered. A design was taken to computerized the manual process in
order to check this problem. The problems were identified after series of
interviews and examination of documents after which analysis was made and a
computerized procedure recommended. This project will also suggest how to
successfully implement the computerized procedure and to overcome the obstacle
that would hinder the successful implementation of the system. The new system
was designed using Microsoft visual basic 6.0 programming language. This
language was chosen because of its easy syntax and features for developing
windows based applications.
CHAPTER ONE
1.0 INTRODUCTION AND HISTORICAL BACKGROUND
The idea of self-service in retail banking developed
through independent and simultaneous effort in Japan, Sweden, the United States
and the United Kingdom. In the USA, Luther George Sunsjan has been wrongly
credited with developing and building the first cash dispenser machine.
There
is no evidence to suggest that Sunsjan worked in this device before 1959 while
his 132nd patent was first filled in June 30, 1960 (and granted 26 February,
1963).
The
roll out of the machine, called bank graph, was delayed a couple of years. This
was particularly due to Sunjlan’s reflection electronics being acquired by
universal match cooperation. An experimental Bank graph was installed in New
York City in 1961 by the bank of New York, but removed after 6 months due to
the lack of customer’s acceptance. The bank graph, however embodied the
pre-occupation by its banking in finding alternative means to capture deposits,
while the concern of the European and Asian Bank was cash distribution.
The
first cash dispensing device used in Tokoyo in 1966. Although little known of
this first device, it seems to have been activated with a credit and rather
accessing current account balances. This technology has no immediate
consequences in the international market 1972. In the UK, IBM (international
business machine) 2984 was designed at the required of bank. The 2984 CIT (cash
issuing terminal was the first cash poibt, similar in function till today’s machines;
cash point is still registered trademark of TSB in the UK. All are online and
issued a variable amount which was immediately deducted from the account. A
small number of 2984’s were supplied to a US bank. Notable historical model of
ATM’s include 10xx and TSB 900 series and NOR 50xx series.
1.1 OBJECTIVE OF THE STUDY
To
total aim of this project work is to implement a card – based security for customer’s
withdrawer using Eco Bank as a case study.
This project involves the running of the card based
machine (ATM) and also explain the reason for the proposed project.
Generally, this project work should be test effectively
the system (card–based security) can be compared with the manual based
security.
1.2 STATEMENT OF PROBLEM
One
of the major problems in banking industry is account fraud. Appreciation of
card based security which is significant different from other security based
system as going to reduce the rate of fraud in banking sector.
1.3 SIGNIFICANCE OF THE STUDY
This
project work will enhance the security of the customer’s account and
transaction. It makes customer to access their bank account in order to make
cash withdrawals and check their account balances as well as purchase cell
phone prepaid credit without entering into their banking hall.
1.4 SCOPE OF STUDY
The
range at which the research work will go will not exceed Eco Bank in Owerri
considering the security based system.
1.5 LIMITATION OF STUDY
These
are the point that limit the range of this study
1)
Effective bank security
2)
Lack of fund
3)
Limited time
4)
Unable to leave the school premises for
further research.
1.6 BRIEF HISTORY OF THE CASE OF STUDY
Eco
Bank international Plc commonly referred to Eco bank. The bank was incorporated
on March 26, 1990 as a private limited liability company with 100% equity
ownership by Nigerian citizens.
As
of May 2009, Eco Bank has subsidiaries in the following countries, Cameroon,
Gambia and Nigeria.
1.7 DEFINITION OF TERMS
ATM: Automated teller machine
ALGORITHM: An algorithm is a set of instruction that
shows the step to follow in order to solve a problem.
DATA: These are raw facts that are to be processed.
FLOWCHART:
is the diagrammatic representation of sequence of events to be followed in
solving problem.
FILES:
Is a collect of related data record.
FIELD NAME: This contains items about every record.
PROGRAM:
Is a set of instructions of given for the computer to carryout a specific task.
INTEGER:
Is referred to as a whole number.
STRING:
Is referred to as a finite sequence of 3-ero or more character.
PERIPHERALS:
is the physical
component of the computer system.