Wednesday, May 15, 2019
Banking System Essay Example | Topics and Well Written Essays - 3000 words
Banking remains - Essay ExampleWhen it comes to wire transfers, the most annoying thing in it is with see to it to the lengthy and painstaking procedures involved in au thereforetication and also the cost factor is a major concern. The cost of initiating a wire transfer of m stary say, between America and England would cost a negligible of $15, which is quite costly.An another(prenominal) major factor of concern is the accessibility. Even today, the common man has to go to any branch of a trust even if there are cases where there is only a wholeness branch in most of the cities. Such a limitation makes it difficult for effective and smooth business, when other modern technologies are at hand.The modern era has seen an increase in wireless communication on with the advent of the age of the Internet and the WWW (world wide web). As such, banks today feel the need to absorb advantage of these developments and modify their current operations in order to incorporate such new tech nologies and practices.1) System Startup The system is started up when the hustler turns the operator switch to the on position. The operator willing be asked to enter the amount of money currently in the cash dispenser, and a connection to the bank will be established. Then the servicing of customers can begin.2) System Shutdown The system is shut down when the operator makes sure that no customer is using the machine, and then turns the operator switch to the off position. The connection to the bank will be shut down. Then the operator is free to remove deposited envelopes, replenish cash and paper, etc.3) seance A posing is started when a customer inserts an asynchronous transfer mode display panel into the card reader slot of the machine. The ATM pulls the card into the machine and reads it. (If the reader cannot read the card due to improper insertion or a damaged stripe, the card is ejected, an error screen is displayed, and the session is aborted.) The customer is asked to enter his/her PIN, and is then allowed to perform one or more dealingss, choosing from a menu of possible types of transaction in each(prenominal) case. After each transaction, the customer is asked whether he/she would like to perform another. When the customer is through performing transactions, the card is ejected from the machine and the session ends. If a transaction is aborted due to too many invalid PIN entries, the session is also aborted, with the card being retained in the machine.The customer may abort the session by pressing the come up key when entering a PIN or choosing a transaction type. 4) Transaction A transaction use case is started within a session when the customer chooses a transaction type from a menu of options. The customer will be asked to furnish appropriate details (e.g. account(s) involved, amount). The transaction will then be sent to the bank, along with information from the customers card and the PIN the customer
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