Design And Implementation Of An Online Bank Verification Number (bvn) System

1.3 RESEARCH OBJECTIVES

The main objective of this paper is to design and implement a computerized Bank Verification Number System for Nigerians in the Diaspora and at home to use. Specific objectives of the study are:

1. To examine the benefits of adopting an online BVN system.

2. To identify the necessary structures need to run a successful online BVN system.

3. To identify challenges in the design and implementation of an online BVN system.

4. To design and implement and online BVN system.

1.4 RESEARCH QUESTIONS

1. What are the benefits of adopting an online BVN system?

2. What necessary structures are needed to run a successful online BVN system?

3. What challenges exist in the design and implementation of an online BVN system?

1.5 SIGNIFICANCE OF THE STUDY

The study will aid in reducing queues at banking halls and reducing identity theft if successfully implemented. Bank managers and other stakeholder in the banking industry of Nigeria can use this web application to restore confidence in the banking sector as more clients will be assured that their funds are safe, and the stress of queuing at banks will be totally eliminated.

The study will also serve as a guide to other student researchers who may want to conduct further research on the subject matter. Findings and recommendations from this system will aid in developing newer versions to serve optimally.

1.6 DEFINITION OF TERMS

BVN: Bank Verification Number

CBN: Central Bank of Nigeria

Biometrics: Biometrics refers to identification of an individual based on physiological attributes- fingerprint, voice, facial features etc.

REFERENCES

Udenze, B. (2014). BVN: CBN targets 80% fraud reduction in 

banking sector. Obtainable at http://sunnewsonline.com/new/bvn-cbn-targets-80-fraud-reduction-banking-sector/

Orji, V, O. (2015).Knowledge management systems: Issues, 

challenges, and benefits. Communications of the Association for Information Systems, 1(7).