DESIGNING AND IMPLEMENTING A TRANSACTING SYSTEM OR AN ATM MACHINE
This project is aimed at designing and implementing
a transacting system or an ATM machine for Eco Bank Plc, Obosi Onicha.
Specially, this study covered the activities of financial institutions in
mobilizing cash payments and given the larger part of it to customers who wish
to do their cash transactions electronically in Eco bank Obosi Onitsha.
In a bid to successfully carry out a transaction
receipt generating system for an
ATM machine with a view of finding out
its shortcomings, this attempt enabled the researcher to design and implement a
transaction receipt generating system for cash transactions that would, if well
implemented help to uplift the financial operations of Eco bank Plc Obosi
Onitsha. The New system will be developed using Microsoft visual basic 6.0.
This programming language was chosen because of its ideal nature for writing
windows based application.
The computerization of the
banking/financial sector of the economy has really helped eliminate the manual
operation of the sector including the innovation of paperless.
Following this, is the introduction of development
of the ATM (Automated teller Machine) which had the most laudabe effect in the
sector. However, the ATM has really terminated most of the stressful work in
the banking sector like queing to check account balance, delay in cash
withdrawing and transfer etc.
The ATM gained acceptance due to its Mechanism like
dispensing Mechanism (to provide cash on often items of value), deposit
mechanism including cheques processing module and batch not acceptor (to allow
the customer to make deposits), security sensor and locks (to ensure controlled
access to the contents of the vault).
In this work, we examined our overview of the ATM
and its record printer.
BACKGROUND OF THE STUDY
The emergency of the ATM
brought about the transformation in the banking sector giving rise to
inter-bankng services. However, the ATMs inability to generate a hard copy of
the operations carried out it has been a concern over the years. In a bid
develop a receipt generating system for the ATM to enhance its
user-friendliness and flexibility, this study was carried out.
OF THE PROBLEM
effective and excellent performance of ATM, its inability to generate a receipt
after usage has posed a challenge to users. This is a situation where the
machine is unable to issue a receipt which contain the users account details
such as the previous balance before withdrawal (in the case of withdrawal), and
current balance to the user/customer. Another problem of the system is its
failure to issue a record of the business transactions carried out on it.
OF THE STUDY
The objective of this study
which is the design and implementation of a transactions receipt generating
system for an ATM is as follows:-
1. Redesign and restructure the ATM in a way that it
will not only give soft copy of the transaction rather be capable of generating
a hard copy of the business transactions carried out on it.
2. Enhance the user’s friendliness with the machine
since the machine gives him/her a valid update of the accout detail each time
he/her uses the machine
OF THE STUDY
The scope of this study
which bothers on design and implementation of a transaction receipt generating
system for an ATM is limited only to :-
- Payment receipt
- Withdrawal receipt
However, other companies may maintain different
sources of receipt or teller, but this study, concentrates only on payment and
withdrawal receipt system for Eco bank plc, Obosi Onitsha Anambra state.
OF THE STUDY
The development of receipt
generating system for an ATM enhance the user’s/customer’s knowledge of his/her
account details (a complete up to date statement of account) since the system
produces a receipt for the transactions he/she made. This also eliminates conflicts
over statement of account between the customer and the bank’s operators and
also helped transformed our economy from its cash driven nature to a more
electronic was of cash conveyance and withdrawal.
OF THE STUDY
This section discloses the
constraints encountered on the course of writing this piece of work. The below
is the under listed limitations encountered.
FACTOR:- Considering the
limited time for the semester and the time to gather material/information from the
project study, it was not really easy on me but all the same, I tried to apply
the principle of time management.
b. MONEY:- a lot of money was involved in sourcing for
material, running the program, typing and printing the work and binding aspect
PROBLEM ENCOUNTERED DURING THE WRITE UP:- The toughest was on the debugging of the program,
although the research aspect also posed some problems