DESIGN AND IMPLEMENTATION OF REAL TIME CURRENT ACCOUNT TRANSACTION PROCESSING SYSTEM. A RESEARCH PROJECT MATERIAL ON COMPUTER SCIENCE
ABSTRACT
UBN PLC, is a bank which deals with customers account both current, savings, deposit loan etc.
The above-mentioned processes and activities are not only time consuming but also stressful when done manually. The complexity and strain processes involved. The work will give birth to a computerized real time current account transaction processing system. This will facilitate storage of customers’ information as well as withdrawal of money from other branches without problems or delay. It will also provide a secured customer account filling system.
It will generally facilitate transaction processing in the bank.
CHAPTER ONE
INTRODUCTION
In the twentieth Century, the banking world has seen a continuing process towards fully computerized operations. At the start of the century there were few mechanical aids with all ledgers, passbook and account statements being written by hand. By 1920s the banks had graduated to mechanical accounting combined with an increase in business, this trend towards mechanization was continuous process, the staffing and expansion difficulties were tackled more forcibly on the 1950 with assistance from electronic data processing techniques. It was on the period that banks ordered their first computers.
The early installations were of a batch processing nature of data that had to be sent for processing at the computer centre and reports produced. Throughout the 1960s more of the clerical work was computerized and eventually by the end of 1960s all accounts were computerized.
In the middle of 1960s the utilization of branch terminal equipment which linked directly to computer centre was becoming a feasible proposition. This culminated in the early 1970s with the introduction of a sophisticated real time system in current Account Transaction Department.
Leave a Reply
You must be logged in to post a comment.