Electronic Fund Transfer And Management System

ABSTRACT

Research has shown that traditional money transfer systems are prone to attacks through falsified deposit slips and drafts, forgery of signatures, use of false cheques, theft of debit cards and so on. Also, a lot of transaction which are required to take place during the weekend or after banking hours cannot happen because banks do not open on weekends and do not operate after banking hours. This system offers a platform independent of transferring money from one place to the other at any time and on everyday of the week. The main aim of this project is to improve on the existing money transfer systems. To achieve this aim we use internet to provide a secure system for transferring money. This project is not just the development of standard software or just the implementation of a money transfer system but a portal that solves some issues when it comes to transferring of money, which in this case we focus on the security and aspect of a friendly and simple system. After carefully considering and analyzing the need and challenges of the users, there was a conclusion that the portal, definitely not as large or comprehensive as the already existing portals but it is an innovation that can perform the most desired activities of the users.