ABSTRACT

This project is aimed at designing and implementing a computerized transaction receipt generating system for an ATM for Union Bank of Nigeria Plc, Enugu.

Specifically the study covered the activities of financial institution in mobilizing cash payment and giving the larger part of it to customers who wish to do their cash transactions electronically in Union Bank of Nigeria Plc, Enugu. In a bid to successfully carryout system with a view and motive to finding out it’s short comings. This attempt enabled the researcher to design and implement a computerized transaction receipt generating system for cash transacting that would, if well implemented help to highly uplift the financial operations of Union of Nigeria Plc. Enugu.

CHAPTER ONE

The word “ATM” is an acronym for Automated Teller Machine. The ATM machine is an electronic machine used in financial institutions e.g. Banks, Mini-marts etc and social organizations e.g. Nite Clubs, Amusement Parts, Sub-ways (train) etc. Mostly for dispensation of cash and other cash other cash transactions. The ATM is a stagnant electronic machine i.e. it is not easily relocated from one surface area to another. It is a machine that is purposely built for easing stress and reducing the long queues in the banks and other financial institutions. The ATM issues instructions with several alternatives and options in the terms of payment, whether the transaction is about checking balance, withdrawal and so on. The modality for this is clearly specified in the ATMs mode of operations.

1.1    HISTORICAL BACKGROUND OF ATM

The ATM machine was built and has been in use in Europe for many years because Europe as an advanced continent have changed their life style from manual to electronic means. In Europe, Money, time and life are of great value and that is why the ATM was built in order to save time, energy and secure lives and valuable properties. Since Africa as a continent and Nigeria in particular is rather manual (cash in pocket), not electronic (cash in electronic cards) e.g. Master card, ATM Card, Total Fuel top card etc.