use case diagram for online money transfer

After carefully considering and analyzing the need and challenges of the users, there was a conclusion that the portal, definitely not as large or comprehensive as already existing portals but it is an innovation that can perform the most desired activities of the user. This project is not just the development of standard software or just the implementation of a money transfer system but a portal that solves some issue when it comes to transferring of money, which in this case we focused on the security and the aspect of a friendly and simple system. To achieve this aim the use of CVC(card verification code) and randomly generated numbers on a token to provide a secure system for transferring money. The main aim of this project is to improve on existing money transfer systems. This system offers a platform independent of transferring money from one place to another at any time and on every day of the week. Also, a lot of transactions which are required to take place during the weekend or after banking hours cannot happen because banks do not open on weekends and do not attend to customers after hours.

The UML activity diagram example 'Payment process' was created using the ConceptDraw PRO diagramming and vector drawing software extended with the Rapid UML solution from the Software Development area of ConceptDraw Solution Park.Research has shown traditional money transfer systems are prone to attacks through falsified deposit slips and drafts, forgery of signatures, use of false cheques, theft of debit cards and so on. Mobile handset based payments are called mobile payments.' Electronic payments technologies are magnetic stripe card, smartcard, contactless card and mobile handset.

Credit card, debit card, Cheques, money transfers, and recurring cash or ACH (Automated Clearing House) disbursements are all electronic payments methods. In this method, a third party must be involved. Make your own UML class diagram with Gleek. In a class diagram, each class acts as a template, or blueprint, for a type of object that can exist in the system. Provisioning is to transfer money from one account to another. Class diagrams are great for sketching a static overview of a system so that all stakeholders can make sure that their requirements will be met. Exchanging is to change coin, money and banknote in terms of the price. There are two types of payment methods exchanging and provisioning. 'A payment is the transfer of an item of value from one party (such as a person or company) to another in exchange for the provision of goods, services or both, or to fulfill a legal obligation.

Use case diagram for online money transfer