ATTENTION:<\/strong><\/p>\n\n\n\n BEFORE YOU READ THE ABSTRACT OR CHAPTER ONE OF THE PROJECT TOPIC BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!<\/strong><\/p>\n\n\n\n INFORMATION:<\/strong><\/p>\n\n\n\n YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COSTS N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420<\/strong><\/p>\n\n\n\n WHATSAPP US ON 08137701720<\/strong><\/p>\n\n\n\n AN APPRAISAL OF IMPACT OF ELECTRONIC BANKING IN ZENITH BANK NIGERIA PLC, KANO<\/strong><\/p>\n\n\n\n ABSTRACT<\/strong><\/p>\n\n\n\n Electronic banking is simply operating the banking system through the internet and it signifies both global public network and a family of technologies. In Nigeria, the banking industries are basically on-line at real time with web site which is restricted only to information and also it restricts most of their dealings to e\u2019banking via the internet and not internet banking proper, effective cash management via e\u2019banking on the other involves managing the motives of a firm in order to maximize cash availability and internet income in any idle fund via e\u2019banking for efficiency and effective purposes, e\u2019banking helps quicken the technology in recent globalization, but not withstanding, there are still risk involve in e\u2019banking but such is properly under control which was why the banks restricted e\u2019banking transaction within themselves with proper protocols to check, with this in place customers are highly satisfied and the banking sectors well fitted. TABLE OF CONTENTS<\/strong><\/p>\n\n\n\n Title Page<\/p>\n\n\n\n Declaration<\/p>\n\n\n\n Approval page <\/p>\n\n\n\n Dedication<\/p>\n\n\n\n Acknowledgment<\/p>\n\n\n\n Table of Contents<\/p>\n\n\n\n CHAPTER ONE<\/u><\/strong><\/p>\n\n\n\n CHAPTER TWO<\/u><\/strong><\/p>\n\n\n\n LITERATURE REVIEW<\/strong><\/p>\n\n\n\n CHAPTER THREE<\/u><\/strong><\/p>\n\n\n\n CHAPTER FOUR<\/u><\/strong><\/p>\n\n\n\n CHAPTER FIVE<\/strong><\/p>\n\n\n\n Bibliography<\/p>\n\n\n\n Questionnaire <\/p>\n\n\n\n CHAPTER ONE<\/strong><\/p>\n\n\n\n INTRODUCTION<\/strong><\/p>\n\n\n\n The rapidly unfolding development within the information technology in recent times has led to resurgent calls for monies towards an effective cash management through Electronic banking (i.e. E-Banking). In the last few years, within the banking industry in Nigeria several commercial products have designed by banks to improve the qualities of services provided to customer. These products were also designed to meet the increasingly sophisticated needs of finance managers in a cross section or organizations operating in different sectors of the economy.<\/p>\n\n\n\n In recent years, these have been an evolution from paper transfer system and ordinary procedural cash management to an electronic transfer system and more secured and sophisticated cash management. There has been introduced, an increased sophistication in computer applications to cash management and in electronic funds transfer. <\/p>\n\n\n\n It is the responsibility of the finance manager to ensure proper management of a company\u2019s account receivable and payable amongst other tasks. Improper management of these two important variables could result in losses arising from inability to take interest because of too early payments. Overdraft and loan interest charges could be incurred because of unnecessary working capital borrowings. The task faced with the finance manager is accelerating collections and showing a disbursement which is increasingly being done electronically.<\/p>\n\n\n\n The advert of financial innovations such as electronic transfer in the payment system and more recently, the launching of internet banking have transformed the worlds into a global village linked with electronic impulses. Companies are usually offered discounts if payments for certain goods and services are made within a specified period according to the terms of credit.<\/p>\n\n\n\n Similarly, no discount is been attracted when companies pay outside this period and this discount loss can cost the company substantial income when aggregated over an annual period. Companies also have to collect proceeds of sales quickly within the allowed time frame to provide working capital. Failure to do so can lead to working capital shortages prompting the company to borrow from banks at high interest rates to fill the gap between sales and collection of proceeds. <\/p>\n\n\n\n Between 1989 and 1995, several banks have acquired the means to make payment very quickly and transfer funds very quickly to cities in Nigeria within a few minutes of the request. However, the concept of electronic money was introduced in 1996 when the Federal Government through CBN gave approval to All States Trust Bank Ltd. To offer a financial product known as the ESCA smart card, an electronic purse. Subsequently, others followed. These innovations, which are still at a relatively early stage of development have the potential to challenge the predominant role of cash for making small value payments and makes retail transactions easier and cheaper for finance managers. This is an invaluable tool of it provides an enhanced cash management capability and use of electronic funds transfer has resulted in greater economization of money balances.<\/p>\n\n\n\n In an attempt to elucidate on the use of Electronic Banking in cash management, this write-up traces the history of commercial banks and origin of Electronic Banking, provides an in-depth treatise of conventional banking. It goes further to examine the role of Electronic banking in cash management, the advantages and obvious concerns about security of funds.<\/p>\n\n\n\n Financial management is a key to the growth of any business perspective of the size and geographical spread of the firm. As business conqueror their immediate environment and spread to other towns and cities, it becomes more difficult to exercise control over the finances of the firm. There is the need to deliver funds to locations where it is needed and collect excesses from some other locations across the country. A number of problems abound in the Cash Management Service Department of any organization in Nigeria, such problems include the following:<\/p>\n\n\n\n Nevertheless, solutions to these numerous problem will to a large extent, explain the roles of Electronic Banking in Cash Management.<\/p>\n\n\n\n The main objectives of this research work are:<\/p>\n\n\n\n This work will go a long way to benefit:<\/p>\n\n\n\n The hypothesis of the study are been formulated and will be based on the objective of the study such as;<\/p>\n\n\n\n Information System (MIS), then there will be poor performance.<\/p>\n\n\n\n HI<\/sub>:<\/strong> If appropriate skills are developed in Management Information System (MIS), there will be excellent performance and employee efficiency. <\/p>\n\n\n\n HI<\/sub>: <\/strong>When banks acquire the necessary advanced technology, they will gain customer\u2019s confidence and will be efficient and effective.<\/p>\n\n\n\n 3. Ho: <\/strong>When effective control measures are not backed by complementary measures such as; passwords, protocols, encryptions e.t.c. fraudulent activities can not be checked.<\/p>\n\n\n\n HI<\/sub>:<\/strong> When effective control measures are backed by complementary measures such as passwords, protocols and encryptions, fraudulent activities can be checked and controlled. <\/strong><\/p>\n\n\n\n This topic of study is towards an effective cash management through Electronic banking. Problems and prospects, a Case Study of Zenith International Bank Plc. Therefore the research covers the problems, objective of the effective Cash Management through Electronic banking as well as the significance of it, limitations or possible problems and consequences, solutions and authentic recommendations.<\/p>\n\n\n\n The limitations of this research work are catalogued below:<\/p>\n\n\n\n Account: <\/strong>The recording in the ledgers of the financial transactions that occur and the use to which the records are put, their analyses and interpretation. Hence it shows the receipts, the expenditure and outstanding balances.<\/p>\n\n\n\n Bank: <\/strong>A financial house coordinating the applicable to finance recording account deposits and withdrawals of a customer. The bank sends a statement to its customer at agreed regular intervals.<\/p>\n\n\n\n Bills of Exchange:<\/strong> An unconditional order in writing, addressed by one person to exchange another, signed to whom it is addressed to pay on demand, or at a fixed or determinable future time, a sum certain in money to, or to the order of a specified person or bearer. <\/strong> <\/strong><\/p>\n\n\n\n Book-Keeping: <\/strong>This is the actual record making phase of Accounting.<\/p>\n\n\n\n Cash: <\/strong>Consist of the firms holding of currency and demand deposit, with demand deposit being the most important for most firms. It is an Asset and a scene resource which must be conserved and earn a reasonable return for the company.<\/p>\n\n\n\n Cash Management: <\/strong>Involves controlling the investment in current assets, which involves managing the movies of a firm in order to maximize cash availability and interest income in any idle funds.<\/p>\n\n\n\n Clearing House: <\/strong>The clearing house committee of Nigeria Clearing Bank situated in the premises of CBN in Lagos and some other cities. Representatives of each of the clearing banks attend there each business day to exchange bills of exchange and cheques, etc. drawn upon each other and settle for them.<\/p>\n\n\n\n Computer: <\/strong>An electronic device designed to store and process large of data at high speed. Input is by paper, punch cards, and magnetic disc. Output is by high-speed printers or visual display unit. \u201cMost customers\u2019 account in the banks is kept in the money stores of computers and updated daily\u201d.<\/p>\n\n\n\n Credit Cards:<\/strong> This is an electronic device that has the potential to challenge the predominant role of cash for making small value payment and makes retail transaction easier and cheaper for customers and merchants.<\/p>\n\n\n\n Electronic Banking:<\/strong> This is simply operating the banking system through the interact and the internet signifies both \u201cglobal public network and a family of technologies, thus, a pivotal element of electronic commerce.<\/p>\n\n\n\n Encryption: <\/strong>Widely used as a specify measures to protect internet messages. This technique make use of keys to encode and decide messages e.g. Kerberos and Digital Encryption Standard (DES), RSA and PAP.<\/p>\n\n\n\n Information Technology: <\/strong>This is nothing but a department made up of a units. The software, hardwares and operations unit. These units though are separated but work as a team to ensure that the common goal of excellent service delivery is achieved.<\/p>\n\n\n\n Online: <\/strong>This means that there is an active connection between two computers or between a terminal and a host computer.<\/p>\n\n\n\n Modem: <\/strong>(Modular-demodulator). This is simply a device that takes message from the computer. It converts data in the computer memory from digital to analogue format so that data can be transformed over public or private telephone lines. The MODEM performs the reserve conversion when data gets to the other computer.<\/p>\n\n\n\n Protocols: <\/strong>Is a tag greed format or structure of data exchange between two computers. If the protocols used by both computers are not the same, data cannot be transformed effectively.<\/p>\n\n\n\n Password: <\/strong>This is the word or a significant identification word, known to only the user to access information or process information on the system. It is a security measure.<\/p>\n\n\n\n HOW TO RECEIVE PROJECT MATERIAL(S)<\/strong><\/p>\n\n\n\n After paying the appropriate amount (#5,000) into our bank Account below, send the following information to<\/strong><\/p>\n\n\n\n 08068231953 or 08168759420<\/strong><\/p>\n\n\n\n (1) Your project topics<\/p>\n\n\n\n (2) Email Address<\/p>\n\n\n\n (3) Payment Name<\/p>\n\n\n\n (4) Teller Number<\/p>\n\n\n\n We will send your material(s) after we receive bank alert<\/p>\n\n\n\n BANK ACCOUNTS<\/strong><\/p>\n\n\n\n Account Name: AMUTAH DANIEL CHUKWUDI<\/p>\n\n\n\n Account Number: 0046579864<\/p>\n\n\n\n Bank: GTBank.<\/p>\n\n\n\n OR<\/p>\n\n\n\n Account Name: AMUTAH DANIEL CHUKWUDI<\/p>\n\n\n\n Account Number: 3139283609<\/p>\n\n\n\n Bank: FIRST BANK<\/p>\n\n\n\n FOR MORE INFORMATION, CALL:<\/strong><\/p>\n\n\n\n 08068231953 or 08168759420<\/strong><\/p>\n\n\n\n AFFILIATE LINKS:<\/a><\/p>\n\n\n\n myeasyproject.com.ng<\/a><\/p>\n\n\n\n easyprojectmaterials.com<\/a><\/p>\n\n\n\n easyprojectmaterials.net.ng<\/a><\/p>\n\n\n\n easyprojectsmaterials.net.ng<\/a><\/p>\n\n\n\n easyprojectsmaterial.net.ng<\/a><\/p>\n\n\n\n easyprojectmaterial.net.ng<\/a><\/p>\n\n\n\n projectmaterials.com.ng<\/a><\/p>\n\n\n\n
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