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Journal of Research in National Development

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Enhancing the Current Automated Teller Machine (ATM) in Nigerian bankimg Sector

AB Garko

Abstract


The Nigerian Banking sector over the years has been experiencing significant changes and development in its Information and Communication Technology. Among the development is the introduction of Automated Teller Machine (ATM) that has seriously decongested the banking halls as customers now can go to any nearest ATM outfit to withdraw money instantly. The major setback is that customer(s) cannot deposit money and send it to someone at different location. The main problem this paper wants to address is coming up with a framework that allows customer(s) to deposit some amount of money into his account and later transfer the amount to another account(s) or deposit the money directly into another person’s account over the ATM network, this can be within a particular bank (intra bank) or involving different banks (inter-bank) in addition to the current transactions customers make using the ATM. This is going to be achieved by creating another input device that collects the money into the ATM system, reads its denomination and either saves it or transfers it the required customer account. The work is limited to the software component of the ATM system. Enhancing the ATM to provide means for deposit will further decongest the banking halls thereby enhancing efficiency in the day-today running of the banking system.


Keywords: Automated Teller Machine (ATM), Interswitch, Local Area Network (LAN), Wide Area Network (WAN), Telecommunication.




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