The main purpose that banks have been serving since their inception is keeping our money safe for us. While keeping our money safe, they also let us earn a certain amount of interest on the money deposited with them. Traditional banks have been doing this, and internet banks continue the same function. The only difference is in the way the transactions are made. We all know about internet banking and most of us use it quite often as well, but few of us actually understand about the history of internet banking and how it all came out. Knowing the history of internet banking can be incredibly useful, especially since it will allow us to have more respect for the little things that we take for granted. Computers themselves have really come an enormous way since their initial establishment, as the earliest electronic computers were so large that they would take up the entire area of a room, while today some are so small that they can hardly be seen at all. In today's world, computers play an incredibly large role in the way the world exists in general, and the majority of tasks could actually not be completed if not for the use of computers. Although there are certainly some areas and jobs that cannot yet be completed solely by computers and which thus still require actual manpower, for the most part, computers have helped to make life significantly easier, productive, and more convenient for us all. Internet banking has been around for quite a few years now, but has really only become prominent over the past year or so in particular. Internet banking offers an array of different advantages to the user, including:

account balances and history including year-to-date information, the ability to transfer money from one account to another and to payees for bill payments, check history, reorders, and stop payments, check credit card balances and statements, complete online loan applications, secure interactive messaging with staff, and much more. Internet banking basically allows you to be able to do everything that you can in your regular banking institution, only with the benefit that you can do it all right from the convenience of your own home. Not only is this great because you can be comfortable and have peace of mind knowing that you can keep track yourself of all your banking issues, but as well it allows for more ease because you never have to worry about rushing out and making it to the bank. 1.1 With STATEMENT OF THE PROBLEM the problems and limitations associated with manual banking

procedures as witnessed in most parastatals today, complied with the problems associated with the existing application programs even much more in the presence of serious technological advances aimed at improving information system. This is activities aimed at shedding light upon the need for improvement in accounting activities and the means of achieving its efficiency, effectiveness, reliability and success promising future through computer intervention. Internet banking identifies a particular set of technological solutions for the development and the distribution of financial services, which rely upon the open architecture of the Internet. With the implementation of an Internet banking system, the banks maintain a direct relationship with the end users via the web and are able to provide a personal characterization to the interface, by offering additional customised services.




The aim of this project is to develop a secured online banking system with the following objectives: • Create a banking system that is easily accessible by customers from the comfort of their homes, offices etc. • • • Reduce the flow of human traffic and long queues at banks Reduce the time wasted in going to banks to stay on queues. Promote efficient and effective banking for the banks by focusing on those services that still require physical presence at the banking hall.



This will cover the benefits derived in using internet banking and it’s fundamental. 1.3.1 ONLINE BANKING – HOW IS IT DIFFERENT? Many consumers today are turning to the ease and convenience of Internet banking to take care of their financial needs. With the new levels of access made possible by the Internet, people can now check the status of their finances with the click of a button. The history of Internet banking has evolved from simply allowing customers to check balances online, to now being able to trade stocks and bonds from the comfort of their own home!




Online banking services have grown from simply allowing customers to check balances, to trading assets. Today, banks like ING Direct are functioning entirely online, with no brick and mortar building. With the costs saved by requiring fewer employees and the lack of facility expenses, these virtual banks can often offer higher interest rates than their traditional counterparts. Internet banking gives you the power to control your finances completely. You are no longer tied down to managing your money during the hours the bank is open. If you want to transfer a balance after business hours, you can! If you have access to the Internet and have a number of recurring monthly bills, then you should use Internet banking to make your life easier. 1.3.3 FEATURES OF ONLINE BANKING

Today, online banking services are quite varied. One of the best features of online banking is putting the user in control. The user controls all bill paying, transfers, and investments from home. There are other features, though of online banking. One of these is increased accessibility to your account information. Users of online banking services can access their account information from anywhere in the world! This is particularly helpful for businesses. Internet business banking is becoming increasingly popular, as businesses are becoming more global in their reach. Now business people can access their accounts, even when on overseas business trips. Business Internet banking is extremely popular for this reason. A particularly popular aspect of online banking services is the ability to make bill payments electronically. With a minimum degree of set-up, customers can enter the amounts of their paper bills (or opt to receive electronic bills) and process all their payments at one time, from one screen




The scope of this project is limited to the activities of the operations unit of the banking system which include opening of Account, Deposit of funds, Withdrawal of funds and transfer.



This project employs the object oriented approach of software engineering using appropriate (UML TOOLS) an object oriented approach. Some of the steps to be taken are: • Feasibility study – understanding and identifying of existing system and associated study. • Analysis – proper analysis and suggested solution to tackle such problems will be considered. • Design – designing the new system will be achieved through an object oriented software tools (UML). • Coding – this is implemented as a 3tier architecture model using java language. The 3 layers of the application are as follows. 1, Java server pages / html pages – front end 2, Java server pages / servlets – middle end 3, SQL server as the back-end

1.6 MODE OF OPERATION WEBTRUST will contain self explanatory hyperlinks that customers can click to make any request or perform a task.

If a customer clicks on account opening links, he is taken to page where he fills a form and clicks the submit button if he is through. A successful filling of the form gives a response that confirms the customer account is open and activated. Thus such a customer can receive money into such an account through funds transfer. Account details are sent by the bank to the customer’s email box. Registered customers or Account holders of the bank can now login using the account details posted to their email box to login before they can perform financial transactions. The system is secured such you cannot operate another mans account even if you knew his account details because a new transaction number is always sent to a customer for each login. This transaction number is what will be used to authenticate any transaction per time.

1.7 DESCRIPTION WEBTRUST is built on the three tier architecture of web applications.

Internet / intranet intranet

(Application logic)

Home Services Contact … .


WEBTRUST Server (Web server)




When a request is made on a web page through the browser, a jsp/servlet script that is residing on the web server (the WEBTRUST Server) processes the request. It connects to the database to retrieve the requested information and sends its response back to the browser which displays the output on another web page. The advantage of this architecture is that the database is more secured as it is only accessible by the application logic (jsp/servlet script) that resides on the web server.

1.8 SOFTWARE TOOLS USED IDE: Net Beans 5.5 Language: Java Web Server: Apache Tomcat 5.0 Web Technology: JSP/Servlet Database: Ms Access / SQL Server


LITERATURE REVIEW The emergence of electronic commerce over the past decade has radically transformed the economic landscape. For developing countries, the digital revolution offers unprecedented opportunities for economic growth and development, a case study of Pakistan.

2.1 DEFINING E-BANKING / ONLINE BANKING “In the 21st century there will be a lot of banking, but there will be no banks. “Says Bill Gates. The term "online banking" or "internet banking" covers both computer and telephone banking. Using computer banking, a customer either uses his computer to dials directly into its bank's computer or gains access to the bank’s computer over the internet. Using telephone banking, the customer can controls its bank accounts by giving the bank instructions over the telephone. Both computer and telephone banking involve the use of passwords which give access to the customer’s accounts. Using these methods, banking transactions can be actioned 24 hours a day. Online banking allows the person, for instance, to view recent transactions, print out statements and transfer funds between accounts and make payments. Many banks also have the facility for someone to set up, amend or cancel standing orders. Internet banking also allows payments to be made to the customer, i.e. acceptance of credit card donations. Most people that use


internet banking will also continue to use some of the elements of more traditional methods of banking, such as a cheque book.




Just like Internet infrastructure, E-Banking in developing countries is at early stages; however there are some exceptions where countries like: • • Brazil have 75% of enterprises, excluding micro-enterprises using the Internet for banking in 2005. Morocco (34.9%). (United Nations Conference on Trade and Development, 2006), There is an increasing growth of online banking, indicating a promising future for • online banking in these countries.

In China, while banks issue credit cards and while many use debit cards to draw directly from their respective bank accounts, very few people use their credit cards for online payment. Cash-on-delivery is still the most popular mode of e-commerce payment. Nonetheless, online payment is gaining popularity because of the emergence of China pay and Cyber Beijing, which offer a city-wide online payment system. (Zorayda Ruth B. Andam, 2003).

The Nigerian economy is largely cash-based with a lot of money residing outside the banking system. To a greater extent, this has hindered the participation of her citizens in e-commerce where epayment is the acceptable means of settling transactions. (Ayo Charles. K and Babajide Daniel O, 2006). In Nigeria, the modernization of the payment process started with the introduction of the MICR. This

was followed by the establishment of ATMs for cash dispensing, account balance enquiry and payment of utility cheques. In 1993, the Central Bank of Nigeria (CBN), introduced the use of payment cards (smartcard) and paper-based instrument. Similarly in 2004, CBN introduced a broad guideline on e-banking which included the introduction of ATM, e-money products such as credit and debit cards (Salimon, 2006).

The Turkish banking sector has not only grown in numerical terms it has also expanded in terms of technology and the range of new services offered to its local and foreign customers. The sector has been viewed as the leader of technological innovations in Turkey.

Although a lot of work and progress has been made in electronic banking by these countries, but these nations are still cash based economies largely. There needs to be a regulatory framework and awareness among the banks and the consumers about the benefits and drivers of such systems. Fast adoption of electronic form of banking is the need of the day for these developing nations to survive in today’s hypercompetitive global world.

2.3 E-BANKING IN PAKISTAN Just like many other developing countries, electronic banking initiatives are being worked on in Pakistan to exploit the technological benefits that can be reaped along with many other e-readiness initiatives being taken.


Pakistan has been among the late entrants into e-banking. The first ATM switch was setup in 1999 and in2000 Internet Banking was introduced. (Ali Ahmad, 2006) When the government started an information-technology (IT) and ecommerce initiative in early 2000, the banks were expected to lead the way into e-commerce. However, although the banking sector is the leading spender on information communications technology, the most progress in ecommerce has been in “e-government”. Some business-to-business (B2B) portals are available, but they are designed more for Information than transactions. (The Economist Intelligent Unit, 2006)

Since the de-regulation of the banking sector in Pakistan in 2002 many foreign and private banks have established strong consumer base by adopting e-Commerce techniques, thus exploiting the first mover advantage myth. However, for such initiatives to be successful Government needs to play an active role in creating awareness among the consumers and a regulatory infrastructure and legislation.

Pakistani government has already started working towards forming an information society to create awareness among the people but the process is relatively slow. The Ministry of Science & Technology has been taking number of measures to promote E-Commerce and E-Banking in Pakistan, Technology helps to catalyze efficiency in the provision of financial services and ultimately in determining the winners in the intensely competitive financial markets of the future.


The use of ATMs and e-banking products is gaining currency and almost all banks have established networking of their ATMs with the interconnectivity of switches. Better outreach offered by ATMs will enhance the customer base and offer more alternatives and choices to customers. Further development on e-banking and internet banking will open up new avenues like on-line banking. Among others, the relatively smaller size banks will be able to compete with the large banks and retain their market presence by using technology more effectively. Technology tends to have a high degree of obsolescence. Thus, the financial institutions will have to invest heavily in the development of their IT systems, which might initially burden their resources.

Half of the country’s 7,000 commercial-bank branches, including 90% of the branches in urban areas, had been computerised by August 2006. Many banks and exchange companies offer online funds transfers from overseas, such as for workers remittances. A few of banks offer mobile-phone banking, where customers can pay utility bills using their mobile phones. The National Institutional Facilitation Technologies (NIFT), an automated check-clearing house was operating in 14 cities in August 2006, and it processed 60m checks per year in 2005/06. NIFT is a public-private company owned 51% by banks (The Economist Intelligence Unit, 2006)

In recent years, Automated Teller Machines (ATM), Tele Banking, Internet Banking, Credit and Debit Cards, etc. have emerged as effective delivery channels for traditional banking products in Pakistan. Foreign banks took the


lead by re-introducing credit cards to the Pakistani mass market in mid1990s. (State Bank of Pakistan, 2003) This was followed by the domestic banks, which introduced ATM facility in late 1990s. However, this delayed entry in e-banking may be largely explainable by regulatory hurdles, higher start-up costs, 38 ongoing banking sector reforms, and lack of technical skills.

At present, a number of commercial banks have set up their own standalone ATM networks, issuing credit and debit cards, offering round the clock phone banking, and maintain comprehensive websites providing detailed information on their conventional and e-banking products. Furthermore, all banks have joined one of the two operating ATM Switch Networks (MNet and ATM Switch Network) and these two switches are in process of linkage with each other. Haven linked these two switches, customers will have access to over four hundreds ATMs throughout Pakistan.39 However, other e-banking activities are yet to establish. In Pakistan, the ATMs generally allow cash withdrawals, balance information, PIN change, and to print mini-statement. A few banks also provide fund transfers, check book request, and utility bill payment facilities through their ATM networks.

2.4 METHODOLOGY This is an exploratory research that evaluated different factors that why consumers in Pakistan are reluctant to adopt e-banking. Data collection methods are an integral part of research design. Both primary and secondary data are used in this research. Three research methods; surveys, case studies and research articles had been used for this paper.


A questionnaire was developed to gather data from the banking consumers, which consisted of two sections to which there were 145 respondents forming a “Non Probability Sample”. The sample data consisted of 34 Online Banking users while 111 were non-users.

2.5 PROFILE OF RESPONDENTS: The majority of the respondents were male (83.3%), young (73.7 %) were between the age of 18 and 30. 53.3 % of the respondents were employed, 36% were students and belonged to the income class between RS 10,000 -20,000. For the purpose of this project, two commercial and four national banks had been analyzed.

Table 1. Age Profile of respondents Frequen Valid 18-25 years 26-30 Years 31-40 Years 41 & Above TOTAL 145 100.0 100.0 cy 78 32 24 117 Percent 53.8 22.1 16.6 67.6 Valid Percent 53.8 22.1 16.6 100.0 Cumulative Percent 53.8 75.9 92.4


Table 2: Most important reasons for opening an internet account

Valid Better rates Safety & security Low services charges Easy to maintain transaction activity Loan payment information Seeking product & rate info Download loan application Download personal dank transactions Check balance online Consumer loans & credit cards applications Inter account transfer Online bill payments

Frequency 13 16 13 19 10

Percentage Agreeing 38.2 47.1 38.2 55.9 29.4

13 12

38.2 35.3

16 16 16 13 13

47.1 47.1 47.1 38.2 38.2


Table 3: Reasons for not opening an online bank account Frequency Never had of internet banking Don’t know whether my bank offers this facility No time to open such account Don’t see any real value Would like to see how it works before Not available through my bank Concerned about security 33 51 38 52 51 45 42 29.7 45.9 34.2 46.8 45.9 40.5 37.8 Percentage Agreeing

Table 4: Important factors for non-users’ in choosing online banking facilities


Frequency Better rate & lower service charges Bank familiarity Bank location Security of transactions Convenience Quick service Variety of features & services 79 82 73 79 83 81 79

Percentage Agreeing 71.2 73.9 65.8 71.2 74.8 73.0 71.2

2.6 CONCLUSION The findings reported here clearly indicate that at macro level whereby due to globalisation and a demanding lifestyle, there is a strong need for having one stop online banking accounts. The analysis therefore shows that the level of electronic readiness and participation is rather low for a population of approximately 169 million in Pakistan. It was also interesting to note the perceptions about prospective benefits regardless the limitations and reasons for not adopting online banking. Although online banking is not yet ubiquitous in Pakistani society but there is a very high potential and scope. It is about time that the Government, banks and consumer realize that without adoption of the new emerging technologies such as e-banking they will lag behind as pointed out by Andy Grove: “You have no choice but to operate in a world shaped by globalization and the information revolution. There are two options: adapt or die.” – Andy Grove, Chairman, Intel.


SYSTEM ANALYSIS AND DESIGN This chapter deals with the analysis and design of Online Banking, application of new system, the hardware and software requirements for implementing the system and stating the choice of the language used. 3.1 Defining a system:

A system is a collection of components, which are interconnected, and work together to realize some objective. There are three major components in every system, 1. input 2. processing 3. Output.



Processin g




System analysis is a logical process; the objective of this stage is not actually to solve the problem but to determine what must be done to solve the problem. The basic objective of the analysis stage is to develop the logical model of the system using tools such as UML (Unified modelling language). First let’s take a look at the existing and proposed system.

3.2.1 Existing System

Existing system is the traditional banking, where customers have to go through the long queue, time wasted and still wouldn’t have access to efficient and effective banking system.

3.2.2 Proposed System:

Considering the stress and time taken to go to bank and do transaction. The development of a well structure and secured online banking system will allow customer to perform objectives like, creating a banking system that is easily accessible by customers from the comfort of their homes, offices 24/7.

Reduce the flow of human traffic and long queues at banks; Promote efficient and effective banking for the banks by focusing on those services that still require physical presence at the banking hall. Provides intra-bank funds transfer services to their customers. Keep a detailed log of customer transactions with the bank on his account. Generate the statement of

ONLINE of time for customers. BANK account of a selected period BANKING (WEBTRUST And Provide a customer
relationship services





System Customer




3.3.1 MAIN COURSE OF EACH USE CASE. 1. REGISTER (Actor: Customer) Pre-condition: None 1.1 1.2 1.3 Navigate to the Registration page Fill the registration form Submit the form

Post-condition: Get instant message that customer profile is created and login details is sent to inbox 2. SIGN IN (Actor: Customer) Pre-condition: Register as a Customer 1.1 1.2 1.3 Navigate to sign in page Enter login details Click Login

Post-condition: Access is granted to the user home page for the customer

3. OPEN AN ACCOUNT (Actor: Customer) Pre-condition: Login as a customer 1.1 1.2 1.3 1.4 Click the create account button on the user home page View the create account page Enter account name for the new account Select account type for the new account


Click submit button

Post-condition: The new account is added to the accounts list on user home page

4. OPERATE AN ACCOUNT (Actor: Customer) Pre-condition: Login as a customer 1.1 1.2 Select the account to operate in the list of accounts Click the desired operation such as deposits, withdrawals ,

funds transfer and statement of account Post-condition: Access is granted to the appropriate transaction page for the selected account

5. MANAGE CUSTOMERS (Actor: System) Pre-condition: None 1.1 1.2 1.3 Create customer inbox Generate customer login details Sends details to inbox

Post-condition: Customer can check his login details in his inbox.

6. MANAGE ACCOUNTS (Actor: System) Pre-condition: None 1.1 Generate account details


Send details to customer inbox

Post-condition: Customer details such as account no, access code etc is sent to inbox.


MANAGE TRANSACTIONS (Actor: System) Pre-condition: None 1.1 1.2 1.3 Execute transaction instructions Updates customer account Generate account balances

Post-condition: Customer sees the current state of account on the user home page


STATEMENT FUNDS Click TRANSFEROF WITHDRAWA account ACCOUNT DEPOSITS LS <<includes <<includes <<includes <<includes to





3.4.1 MAIN COURSE OF EACH USE CASE. 8. DEPOSIT (Actor: Customer) Pre-condition: Select the account to operate 1.1 1.2 Navigate to the Deposit form page Fill the deposit slip

1.3 Submit the slip Post-condition: Selected account is credited appropriately 9. WITHDRAW (Actor: Customer) Pre-condition: Select the account to operate 1.1 Navigate to Withdrawal form page

1.2 Fill the withdrawal slip 1.3 Submit the slip Post-condition: The selected Account is debited and it can be viewed by clicking on the statement of account which displays all the transaction


FUND TRANSFER (Actor: Customer)

Pre-condition: Select on the account on which the fund is to be transferred 1.1 1.2 1.3 Navigate to the Fund transfer form page Fill the fund transfer slip Submit the slip

11. STATEMENT OF ACCOUNT: (Actor: Customer)

Pre-condition: Click on the account on which the statement is to be viewed 1.1 1.2 Navigate to the Statement of Account form page View the transactions of the selected account




IMPLEMENTATION 4.1 System Implementation

During the implementation stage the system is physically created. Necessary programs are coded, debugged and documented. A new hardware (where necessary) is selected, ordered and installed. 4.2 System Specification Every computer system consists of three major elements. 1. The Hardware 2. Application Software. 3. Operating system For successful operation of the package following must be kept in mind: Too many packages should not be used, as very few systems may have all those packages installed due to memory problem. Thus, the compatibility of the system developed will get reduced. 4.3 Hardware Requirements

Intel Pentium III processor at 750 MHz or faster, minimum of 1G available disk space for installation (including IBM SDK), minimum of 512 MB memory, CD-ROM drive. 4.4 Software Requirements

Software tools used IDE: Net Beans 6.1

Language: Java Web Server: Apache Tomcat 6.014 Web Technology: JSP/Servlet Database : Ms SQL Server 2000 The application software is developed in Java, and the central database is based on MS SQL Server 2000. The system can be accessed on a standalone computer. Implementation A.) Create a DataSourceName(DSN)

To Create a DSN, You need to perform following steps: 1. You need to first open the Control Panel window. 2. double click Administrative Tools icon. 3. To open the ODBC Data Source Administrator dialog Box, double click the Data sources ODBC icon. The following figure shows the ODBC Data Source Administrator dialog Box:


ODBC Data Source Administrator Dialog Box 4. Click the Add button to select a driver for creating a DSN. 5. To connect to SQL Server 2000, select the SQL Server Options from the name list box in the Create New Data Source Dialog Box. 6. Click the Finish button to complete the task of selecting the driver for creating a DSN. B.) Specify the Connection details for the DSN 1. To Create a DSN, type the name of the data source in the name text box of the Create a New Data Source to SQL Server dialog Box as shown in the following figure.


2. To select the required SQL Server select the name of the SQL Server from the Server drop down list and click the Next button. 3. To indicate how the SQL Server should authenticate a login ID, select with the SQL Server authentication using a login ID and a password entered by the user option. The login ID and the password entered by the user option. The Login ID and Password textboxes becomes active as shown in the following figure.


4. Type the username and password in the text boxes and click Next. 5. To enable the database drop-down list, select the change the default database to options. 6. To select the required database select the name of the database from the drop down list and click Next button. 7. Select the language for the System messages to English and click Finish.


8. The ODBC Microsoft SQL Server Setup dialog box appears with all the details about the created DSN as shown in the following figure.

9. To test the created DSN for the connection with the database, click

Test Data Source button, the message regarding the connectivity test appears. 10. Click Ok to save the Configuration settings for the new data source.



To verify that the DSN is created, check the name of the Created

DSN in the user data source list box of the ODBC Data Source Administrator dialog box and click Ok. The following figure shows the ODBC Data Source Administrator dialog box.


Displaying the webtrust Data Source created.

The Data Source is then used in the Login Process, to access specific tables in the database.



Schematic Diagram of Database depicting the Data Types used and relationships among them with Database views. Each of these diagrams represents the tables that would be created and would be worked along with. The database that would be used depends on the Data Source that is created by the administrator linking to its preferred Database.






4.6 Recovery & Security A forced system failure is induced to test a backup recovery procedure for file integrity. Inaccurate data are entered to see how the system responds in terms of error detection and protection. Related to file integrity is a test to demonstrate that data and programs are secure from unauthorized access. Usability Documentation & Procedure: The usability test verifies the user-friendly nature of the system. This relates to normal operating and error-handling procedures. 4.7 Quality Assurance

Proper documentation is must for mainframe of any software. Apart from Inline documentation while coding. Help coding, help files corresponding to each program were prepared so as to tackle the person-dependency of the existing system.


RESULT AND CONCLUSION This section discuses the result of the work done in this project And also mentions the future scope for improvement. 5.1 Conclusion As the world becomes more of a global village being runned by paperless systems, the idea of a cashless society is the hope of the future. Thus more innovations will still evolve which will make cashless transactions easily accessible and affordable. 5.2 Future Scope of Improvement

The “Banking Online System is a big and ambitious project. I am thankful for being provided this great opportunity to work on it. As already mentioned, this project has gone through extensive research work. On the basis of the research work, we have successfully designed and implemented banking online System. This system is based upon 2-tier client server architecture. The tools used for development were as follows.

Front-end-----Net beans 6.0.1 Back-end----MS SQL Server 2000


5.3 Annexure A Home Page

Sample forms


Customer Information


Viewing Signature form


Viewing Sign-In Page


Welcome Login Account Page


Account Details




Statement of Account


Deposit Views


Withdrawal Views


Fund Transfer Views




// createAccount.jsp <%@page contentType="text/html" import="*;"%> <% String userid = "";

try {

FileInputStream fis = new FileInputStream("C:\\regno.txt"); int avail = fis.available(); byte bytearray[] = new byte[avail];


int byteread =,0,avail);

userid = new String(bytearray).trim(); } catch(IOException ioe) { out.println(ioe.toString());


%> <HTML><HEAD><TITLE>Signature Form</TITLE> <META http-equiv=Content-Language content=en-us> <META http-equiv=Content-Type content="text/html; charset=windows1252"> <STYLE>.ms-contemp-main { BORDER-TOP-STYLE: none; BORDER-RIGHT-STYLE: none; BORDERLEFT-STYLE: none; BORDER-BOTTOM-STYLE: none } .ms-contemp-tl {


BORDER-RIGHT: white 2.25pt solid; BORDER-TOP: white 2.25pt solid; FONT-WEIGHT: bold; COLOR: black; BORDER-LEFT-STYLE: none; BORDERBOTTOM-STYLE: none } .ms-contemp-left { BORDER-RIGHT: white 2.25pt solid; BORDER-TOP: white 2.25pt solid; FONT-WEIGHT: normal; COLOR: black; BORDER-LEFT-STYLE: none; BORDERBOTTOM-STYLE: none } </STYLE>

<META content="MSHTML 6.00.6000.16711" name=GENERATOR></HEAD> <BODY> <DIV id=layer1 style="Z-INDEX: 1; LEFT: 4px; WIDTH: 1142px; POSITION: absolute; TOP: 22px; HEIGHT: 578px"> <DIV id=layer2 style="Z-INDEX: 1; LEFT: 241px; WIDTH: 763px; POSITION: absolute; TOP: 4px; HEIGHT: 525px"> <DIV id=layer3 style="Z-INDEX: 1; LEFT: 0px; WIDTH: 757px; POSITION: absolute; TOP: 5px; HEIGHT: 130px"> <DIV id=layer4


style="Z-INDEX: 2; LEFT: 34px; WIDTH: 475px; POSITION: absolute; TOP: 2px; HEIGHT: 64px"> <DIV id=layer5 style="Z-INDEX: 3; LEFT: -33px; WIDTH: 87px; POSITION: absolute; TOP: 0px; HEIGHT: 82px"><IMG height=81 src="images/images.jpeg" width=83 border=0></DIV><IMG height=70 src="images/myBankBckgrd.GIF" width=319 border=0></DIV> <DIV id=layer6 style="Z-INDEX: 3; LEFT: 13px; WIDTH: 727px; POSITION: absolute; TOP: 89px; HEIGHT: 38px"><IMG height=39 src="images/webTrustHeader.png" width=727 border=0></DIV>&nbsp;</DIV> <DIV id=layer7 style="Z-INDEX: 2; LEFT: -6px; WIDTH: 768px; POSITION: absolute; TOP: 137px; HEIGHT: 436px"> <DIV id=layer8 style="Z-INDEX: 1; LEFT: 11px; WIDTH: 168px; POSITION: absolute; TOP: 15px; HEIGHT: 353px"> <DIV id=layer12 style="Z-INDEX: 1; LEFT: 3px; WIDTH: 152px; POSITION: absolute; TOP: 28px; HEIGHT: 144px"> <TABLE class=ms-contemp-main height=137 width="98%" bgColor=#ddeaff border=0><!-- fpstyle: 34,011111100 -->

<TBODY> <TR> <td class=ms-contemp-left background="images/image002.jpg" height="22">&nbsp;</td> </TR> <TR> <td class=ms-contemp-left background="images/image002.jpg" height="24"> </td</TR> &nbsp;<TR> <td class=ms-contemp-left background="images/image002.jpg" height="24"> &nbsp;</TR> <TR> <td class=ms-contemp-left background="images/image002.jpg" height="24">&nbsp;</TD></TR> <TR> <TD class=ms-contempleft>&nbsp;</TD></TR></TBODY></TABLE></DIV> <DIV id=layer13 style="Z-INDEX: 1; LEFT: 1px; WIDTH: 152px; POSITION: absolute; TOP: 202px; HEIGHT: 147px">


<TABLE class=ms-contemp-main height=143 width="98%" bgColor=#ddeaff border=0><!-- fpstyle: 34,011111100 --> <TBODY> <TR> <td background="images/image002.jpg"><b> <font face="Arial" size="2" color="#004E9B"></font></b></td> </TR> <TR> <td class=ms-contemp-left background="images/image002.jpg" height="33"> <font face="Arial" size="2"></font></td></TR> <TR> <td class=ms-contemp-left background="images/image002.jpg" height="26"> </TR> <TR> <td class=ms-contemp-left background="images/image002.jpg" height="18"> </td></TR> <TR> <td class=ms-contemp-left background="images/image002.jpg" height="18">

&nbsp;</td> </TR></TBODY></TABLE></DIV> <P>&nbsp;</P></DIV> <DIV id=layer9 style="Z-INDEX: 2; LEFT: 16px; BACKGROUND-IMAGE: url('images/footer.png'); WIDTH: 730px; POSITION: absolute; TOP: 405px; HEIGHT: 29px"> <TABLE height=28 width="100%" border=0> <TBODY> <TR> <TD width=345><FONT face=Verdana color=#ffffff size=1>&nbsp;© Copyright 2008 WEBTRUST BANK plc. All Rights Reserved.</FONT></TD> <TD> <P align=right><FONT face=Verdana color=#ffffff size=1>Designed by JIDE SERIKI</FONT></P></TD></TR></TBODY></TABLE></DIV> <DIV id=layer10 style="Z-INDEX: 1; LEFT: 180px; WIDTH: 586px; POSITION: absolute; TOP: 4px; HEIGHT: 370px"> <td height="328" valign="top"> <form method="POST" action="sigfrmscript.jsp">


<!--webbot bot="SaveResults" U-File="C:\Documents and Settings\Seyi Lucas\My Documents\My Web Sites\_private\form_results.csv" S-Format="TEXT/CSV" S-Label-Fields="TRUE" --> <table border="0" width="100%" id="table27" height="351"> <tr> <td valign="top"> <p align="left"><b><font face="Verdana" color="#004E9B">&nbsp;</font><font face="Tahoma" size="2" color="#004E9B">Specimen Signature form</font></b></p> <table border="0" width="100%" id="table28"> <tr> <td width="177"> <p align="center"><font face="Tahoma" size="2">Fix passport Here</font></td> <td>&nbsp;</td> </tr> <tr>

<table border="0" width="104%" id="table29" height="103">

<tr> <td width="113"> <p align="left"> <font face="Tahoma" size="2">&nbsp;User id:</font></td> <td> <font face="Tahoma" size="2"> <input type="text" readonly="true" name="txtUserId" value="<%=userid%>" size="26"></font></td> </tr> <tr> <td width="113"> <font face="Tahoma" size="2" color="#004E9B">&nbsp;</font></td> <td> <font face="Tahoma" size="2" color="#004E9B"> Enter your choice password</font></td> </tr> <tr> <td width="113">

<font face="Tahoma" size="2">&nbsp;Password:</font></td> <td> <font face="Tahoma" size="2"> <input type="password" name="txtPass" size="26"></font></td> </tr> <tr> <td width="113"> <font face="Tahoma" size="2">Confirm Password:</font></td> <td> <font face="Tahoma" size="2"> <input type="password" name="txtCPass" size="26"></font></td> </tr> </table> <p><b><font face="Tahoma" size="2" color="#004E9B">NOTE: </font></b><font face="Tahoma" size="2">Don't forget your userid, password and the access code that


will be sent to&nbsp;&nbsp; your inbox. You will always need them to login. While your account number will be used to access and operate your account.</font></td> </tr> <tr> <td width="177" height="39">&nbsp;</td> <td height="39"> <p align="center"> <button name="B3" style="width: 56; height: 26" value="Finish" type="submit"> Finish</button>&nbsp;&nbsp; <button name="B2" style="width: 58; height: 26" value="Cancel" type="submit"> Cancel</button></td> </tr> </table> </td> </tr> </table>

</form></td> </DIV> <P>&nbsp;</P></DIV> <P>&nbsp;</P></DIV> <P align=center>&nbsp;</P></DIV>



REFERENCES 1. Ayo Charles. K and Babajide Daniel O, 2006, Designing a Reliable Epayment System:

3. 4. Nigeria a Case Study, Journal of Internet Banking and Commerce, vol. 11, no.2

Ali Ahmad, 2006, Policies & Regulations for Expanding e-banking to the Poor, The First Microfinance Bank Ltd, Pakistan, 5

6. Dr. Shamshad Akhtar, 2006, Financial Sector of Pakistan – The

Roadmap, Dawn Asia Finance Conference. n-Asia-Finance-Conference-13-May-06.pdf 7. Salimon Alao (2006): “Moving towards a cashless economy”, Financial Standard, vol 7, no: 60, pp 19-21, June 2006. 8. The Economist Intelligence Unit, Nov 2006 Overview of e-commerce in Pakistan,
66 layout=rich_story&doc_id=9616&title=Overview+of+ecommerce+ in+Pakistan&categoryid=30&channelid=4, Accessed 18/06/07

9. Zorayda Ruth B. Andam, 2003, e-commerce and e-business, e-Asean Taskforce UNDP-APDIP, Phillipines & Malaysia, 23


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