E-Transaction
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY | |
Transactions from the very beginning of time have being a vital part of the human race and have cut across every single part of the different sectors of our modern day society. Transaction is the art of exchanging good for services which could take different forms. or an instance of doing business of some kind, e.g., a purchase made in a shop or a withdrawal of funds from a bank account according to the Encarta Dictionary. Thus the aspect of electronic-Transaction which has being given to the 21st century as a result of hard work and ingenuity on the part of computer programmers and engineers, is the process of exchanging goods for services or vice versa, with interested clients within or outside the immediate environment over the web. The aspect of E-Transaction is a relatively small aspect of the larger body called Electronic-Commerce, which is commonly known as e-commerce or e-comm, which refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks.
Looking at the current case in the country, where most of the transactions handled are still done manually it would help to bring the innovative idea of a web based transactional environment where individuals can see and make certain of the financial status which their accounts possess. With careful consideration of our case study of Benson Idahosa University’s Bursary Department, it would prove both beneficial to students and staff alike, as well as help to save considerable effort. 1.2 STATEMENT OF THE PROBLEM
The E-Transact System is an example of the form of web based applications under Ecommerce which is created to better help individuals maintain a safe, efficient, and quick way to make transactions. The project attempts to address the following issues: * Help put an end to the claims of missing fees, tellers or receipts by students. * Make the long
INTRODUCTION
1.1 BACKGROUND OF THE STUDY | |
Transactions from the very beginning of time have being a vital part of the human race and have cut across every single part of the different sectors of our modern day society. Transaction is the art of exchanging good for services which could take different forms. or an instance of doing business of some kind, e.g., a purchase made in a shop or a withdrawal of funds from a bank account according to the Encarta Dictionary. Thus the aspect of electronic-Transaction which has being given to the 21st century as a result of hard work and ingenuity on the part of computer programmers and engineers, is the process of exchanging goods for services or vice versa, with interested clients within or outside the immediate environment over the web. The aspect of E-Transaction is a relatively small aspect of the larger body called Electronic-Commerce, which is commonly known as e-commerce or e-comm, which refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks.
Looking at the current case in the country, where most of the transactions handled are still done manually it would help to bring the innovative idea of a web based transactional environment where individuals can see and make certain of the financial status which their accounts possess. With careful consideration of our case study of Benson Idahosa University’s Bursary Department, it would prove both beneficial to students and staff alike, as well as help to save considerable effort. 1.2 STATEMENT OF THE PROBLEM
The E-Transact System is an example of the form of web based applications under Ecommerce which is created to better help individuals maintain a safe, efficient, and quick way to make transactions. The project attempts to address the following issues: * Help put an end to the claims of missing fees, tellers or receipts by students. * Make the long
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