PROJECT SYNOPSIS

Project Title: Submitted by:

Ankit Rathi Anushree Sharma Niraj Nathani Yadu Saxena

Online Internet Banking

College:

Maharaja Surajmal nstitute !" Technology C# $%anak&uri$Ne'delhi())**+, -uru -obind Singh ndra&rastha uni.ersity

Semester: Project 0uration: Project -uide:

/ # Months Mr1 Manoj Malik

2Project Mentor3

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!nline banking 2or nternet banking3 is a term used "or &er"orming transactions$ &ayments etc1 o.er the nternet through a bank$ credit union or building society9s secure 'ebsite1 This allo's customers to do their banking outside o" bank hours and "rom any'here 'here nternet access is a.ailable1 n most cases a 'eb bro'ser is utili:ed and any normal internet connection is suitable1 No s&ecial so"t'are or hard'are is usually needed1 t is one o" the most &romising and ra&idly gro'ing a&&lication o.er the internet1 the .arious "eatures and their uses encouraged us to choose this &roject to&ic1 Online banking usually offers such features as: ; 5ank statements$ 'ith the &ossibility to im&ort data in a &ersonal "inance &rogram such as <uicken or Microso"t Money ; 4lectronic bill &ayment ; 7unds trans"er bet'een a customer9s o'n checking and sa.ings accounts$ or to another customer9s account ; n.estment &urchase or sale ; =oan a&&lications and transactions$ such as re&ayments ; Account aggregation to allo' the customers to monitor all o" their accounts in one &lace 'hether they are 'ith their main bank or 'ith other institutions1 Security Protection through single &ass'ord authentication$ as is the case in most secure nternet sho&&ing sites$ is not considered secure enough "or &ersonal online banking a&&lications in some countries1 !nline banking user inter"aces are secure sites 2generally em&loying the htt&s &rotocol3 and tra""ic o" all in"ormation ( including the &ass'ord ( is encry&ted$ making it next to im&ossible "or a third &arty to obtain or modi"y in"ormation a"ter it is sent1 >o'e.er$ encry&tion alone does not rule out the &ossibility o" hackers gaining access to .ulnerable home PCs and interce&ting the &ass'ord as it is ty&ed in 2keylogging31 There is also the danger o" &ass'ord cracking and &hysical the"t o" &ass'ords 'ritten do'n by careless users1

Many online banking ser.ices there"ore im&ose a second layer o" security1 Strategies .ary$ but a common method is the use o" transaction numbers$ or TANs$ 'hich are essentially single use &ass'ords1 Another strategy is the use o" t'o &ass'ords$ only random &arts o" 'hich are entered at the start o" e.ery online banking session1 This is ho'e.er slightly less secure than the TAN alternati.e and more incon.enient "or the user1 A third o&tion$ used in many 4uro&ean countries and currently being trialled in the 86 is &ro.iding customers 'ith security token de.ices ca&able o" generating single use &ass'ords uni?ue to the customer9s token 2this is called t'o("actor authentication or @7A31 Another o&tion is using digital certi"icates$ 'hich digitally sign or authenticate the transactions$ by linking them to the &hysical de.ice 2e1g1 com&uter$ mobile &hone$ etc31

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Sco&e o" The Project
This &roject deals 'ith the basic "eatures o" internet banking1 The &roject ainly deals 'ith the "ollo'ing "eatures1 =ogin n"ormation: The user is assigned a uni?ue id and &ass'ord 'hich it uses to access his account1 Account and Transaction summary: The &roject kee&s track o" .arious transactions made by the user 1 t dis&lays the last + transactions and also the mode o" &ayment irres&ecti.e o" 'hether the money is being credited or debited1 Trans"erring money: This is one o" the major "unctions o" the &roject1 The user can trans"er money to any other account irres&ecti.e o" the bank1 the user needs to enter hisAher transaction id to do this1 Any amount can be trans"erred &ro.ided the remaining money is abo.e a certain minimum1 5ill &ayments: The user can submit hisAher &hone and electricity bills .ia this1 7or &hone bills the user has to enter hisAher &hone number and customer account number1 electricity bill re?uires the 6 number1

!.er.ie' o" Client Ser.er Architecture

n this model$ a relational database management system 2R05MS3 resides on ser.er machine1 The a&&lication &rogram that resides on the client machine inter"aces 'ith another so"t'are layer$ called middle'are that is res&onsible "or communicating re?uests and their results bet'een the a&&lication &rogram and the R05MS1 t su&&orts a heterogeneous mix o" client machines1 n todayBs en.ironment$ users may be using Cindo's NT$ Cindo's D,$ and 8nix$ all o" 'hich can be su&&orted by the ser.er1 Client Ser.er is inde&endent o" net'orking &rotocol$ ser.er &lat"orm o&erating system and client &lat"orm o&erating system1 This inde&endence results in a tremendous amount o" "lexibility in selecting hard'are and so"t'are com&onents "or a ne' system or in im&lementing a client Aser.er a&&lication on existing hard'are1

So"t'are Tools Needed

)1 /isual studio 1net @1 Microso"t Access E1 Cindo's NT ser.er