ABSTRACT
It has been proven that traditional banking operations are prone to attacks such as falsified deposit slips and drafts, forgery of signatures, use of false cheques and so on. In addition, there are a lot of transactions that need to be conducted during the weekends, public holidays or after bank closing hours that cannot be done. Online banking /transaction has become a prominent feature in banking operations around the world with more and more banks adopting this technology in order to provide the growing population of their customers with fast, accessible, reliable and quality services. most of the people all over the world now completes their transactions through the use of online transactions, thou this system has increased rapidly but the majority person are concern about the security of this system and convenience .
In this project we improve on the existing money transfer systems. To achieve this we used CVC (card verification code) and randomly generated numbers on a token to provide a secure system for transferring money and we also proposed an additional options that we make transaction more easy and convent.
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 issue when it comes to transferring of money, which in this case we focused on the security and the 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 already existing portals but it is an innovation that can perform the most desired activities of the user.
