With the aim of making money transfers and bill payments, a written form of instructions providing the details of the proposed recipient had to be sent to the Nottingham building society (NBS) a governing body who place the particulars in to the customers ‘Home link system. The Home link system permitted on-line checking of bank statements, money transfers and payment of bills. The IT infrastructure used for this purpose was BBC Micro computers and Tandata TD1400 systems are jointly connected to the home telephone line and television sets. The Prestel system was also known as View data technology which is developed by Post office limited. This home banking system implemented by the Bank of Scotland was based on the United Kingdom’s Prestel system. The Bank of Scotland started first home banking services in United Kingdom for their customers of the Nottingham building society in the year of 1983.
In the case of United Kingdom, a data view technology called Prestel was used. Soon after the commercial failure of videotex system the home banking services on no account become accepted except in France and some European countries where the use of Minitel-videotex was continued by the telecommunication services. Citibank and Morgan chase provided home banking services using the Minitel-Videotex system. The first online banking service started in New York in the year of 1981. Tele banking may also refer to the use of numeric keys to send signals via a telephone line comprising transactional instructions to the bank. The word online became most popular in the late 1980’s and referred to the use of Information technology infrastructure like computers, servers, and cables to access the bank transactions using a telephone line. The predecessor for the online banking services is the detachment banking services through electronic media from the early 1980s. User can transfer money from his account to other account.EVOLUTION OF Bank Management System Project Report in Java: The Online Bank Management System services are well known as distance banking services operated through electronic medium. This section also includes documents needed for loan application, processing status and whether loan is approved or not. Various loans offered by the bank like education, home, personal loans etc.
User can apply for loans through this module. It simulates mini transaction operation but slightly different as it gives all details.Ĭomplete control over all the actions of the application. Account history includes account details, transaction details etc. For this they need to fill a form at their bank and the bank provides with the user id and password to authenticate themselves.
Users can log in with user id and password
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