An online banking system is an automated system since it allows the customers to perform activities on theiraccounts with the help of the internet, and all this without the interaction of the worker of the bank. For instance,one can inquire about the amount of money you have, transfer funds from one account to another or even makepayments for your bills through the use of the computer. All of these activities are done automatically by the systemafter you have programmed it to do so.

How are banks in developed countries primarily using the Internet?*1 pointA) As information delivery toolsB) As transactional websitesC) As non-branch banksD) As online marketplaces

An online banking system is best modeled by:1 pointPipe-and-Filter Model. Blackboard Model.Client-Server Model.Event-based Model.

The following are requirements and specifications of an online banking service. Which of the following can be categorized as system specifications? Select two.2 pointsA user shall be able to use the online banking system securely.Activate a login session when a user logs in, and maintain the session for 60 minutes unless the user who logged in has been inactive for more than 120 seconds.At the time a query is made to check the current balance of a checking account, the owner of the checking account shall be logged in.The user shall be able to check the current balance of the checking accounts that he/she own.

What is an advantage of online banking?a) You must visit a branch for all transactions. b) Limited access to your accounts. c) Convenience and accessibility 24/7. d) Higher fees than traditional banking.*

Describe the difference between an online and a real-time processing system.