SOFT WARES USED IN ONLINE BANKING

Softwares Used In
Online Banking

Prepared for:
Dr Mohammad Thoufiqul Islam
Associate Professor
Department of Management
University of Dhaka

Prepared by:
Sifat-E-Sattar ID# 3-14-27-062
Khairunnesa ID # 3-13-26-040
Nasrin Akter Ishita ID # 3-13-26-082
Parveen Akter ID # 3-14-27-075
Sonia Akter ID # 3-14-27-029

TYPES OF ONLINE BANKING SOFTWARES

Core Banking Software
Switching Software
Credit Card Software
Mobile Banking Software
Payment Gateway Software

CORE BANKING SOFTWARE

The platform where ICT is used to perform the core operations
of a bank, is known as Core Banking System and the software
used for this purpose is called Core Banking Software.

Core Banking Operations Include

- Maintaining ledger
- Recording customer information
- Interest calculation
- Adjustments to accounts

CORE BANKING SOFTWARE

Features:
- Data are stored in back end database in digital form.
- Same software for different branches through a WAN
- Accessibility to accounts from anywhere
- Ensures operational efficiency
- Prevents seepage of income
Advantage:
- Radical Change in Banking System
- Facilitated Electronic Fund Transfer
- Facilitated Online Trading at Stock Market

CORE BANKING SOFTWARE IN

BD
Software Name

Developer Company

Flora Bank Online

Flora Systems Ltd.

Bank Ultimas

Leads Corporation

Ababil

Millennium Software

Stealer

ERA Infotech

SWITCHING SOFTWARE
Its

an ATM/POS transaction processing and management

system.
Functions:
Produces Debit cards
Inserts & stores customer data into database
Pre-authorization of on-us debit transactions.
Routing of on-us debit transactions
Off-us transactions to Switch system/ Local payment
network/International payment network
Fraud management
Health monitoring of all the connected ATM and POS terminals
Settlement and Reconciliation

SWITCHING SOFTWARE
Features :
- Adheres to open system concepts and client/server or 3-tier
architecture
- The transaction processing engine resides on proven and robust
UNIX platforms
- ATM device interfaces reside on Windows client workstations
- System data is stored in an ANSI compliant relational database like
Oracle.
- Provides support to the hosted ATM/POS terminal, an ISO8583
interface to the Core Banking System
- Provides connectivity to regional, national or international networks
- Other interfaces

SWITCHING SOFTWARE IN BD
Used by (bank)

Name of Software

Name of Developer

IST/Switch

Oasis Technologies Ltd., Dutch Bangla Bank, Prime

Canada (now FIS Global Bank
Services, USA)

iSwitch

Inter Block, Srilanka

UCBL, Islami Bank

Cardsuite

Tieto Enator, Latvia

One Bank, EBL

Phoenix / Iris

TPS

Tranzware

Pakistan
Compas Plus Ltd., Russia

Dhaka Bank
ITCL

ITM

Uronet Worldwide, USA

AB Bank (Cash Link)

Pakistan

Limited, BRAC,

Standard

Bank,

CREDIT CARD SOFTWARE

A Credit Card Software is a Credit Card transaction
processing and management system
Functions:

o Production of Credit card, Inserting & Sorting customer data into

database
o Pre authorization and final authorization of on-us credit or remote onus credit transactions
o Routing of on-us and remote on-us debit transactions
o Off-us transactions to Switch system/ Local payment
network/International payment network
o Fraud management
o Health monitoring of all the connected ATM and POS terminals
o Settlement and Reconciliation

CREDIT CARD SOFTWARE IN BD

Name of Software

Name of Developer

Used by (bank)

Transmaster

Tieto Enator, Latvia

Dutch Bangla Bank, EBL

CardPro

SunGurd System Access, Prime,

USA

CTL Prime

National,

BRAC,

MTBL,

Lanka

BEPS

Card Tech Limited, Cyprus Premier,

(now Tsys Limited)

Bangla

iCard

Inter Block, Srilanka

UCBL, Islami Bank

Tranzware

Compas Plus Ltd.

AB Bank

MOBILE BANKING SOFT WARE

An application used by a bank to register mobile users,
agents and merchants; authorize and record cash-in, cashout, P2P, P2B, B2P, P2G, G2P and ATM transactions.

Dutch-Bangla Bank - Sybase Mobilizer

BRAC Bank - the Fudamo

MOBILE BANKING SOFT WARE

Features:
Connection to the mobile users, agents and merchants via a
mobile operator using sms, USSD, UTK, STK or BREW.
Facilities to perform following activities by Agents, Consumer
or Merchants.
Consumer, Agent and Merchant Registration
Cash
P2P, P2B, B2P and G2P
Other features

PAYMENT GATEWAY SOFTWARE

Helps in authorizing payments for e-commerce transactions.
Features:
Software application designed especially for ecommerce
Encryption of payment and personal data.
Communication between the financial institutions
Fraud detection tools and other features

TRANSACTION PROCESS