Monday, November 10, 2014

Transaction Processing System (TPS) in Bank Islam


Bank Islam, instituted  in 1983, is Malaysia’s first Shariah-based institution. Started off providing traditional financing, savings and investment types of products for individual customers, the range of Bank Islam’s Shariah-based financial products, services and business solutions has developed to the fast-changing financial needs of customers from all categories including those related to micro financing, wealth management, capital market, treasury and structured products.



TPS that can be found at Bank Islam are Automated Teller Machines (ATM), Cash Deposit Machines (CDM) and Cheques Deposit Machines. ATM allows customers to withdraw cash, CDM allow customers to bank in cash and Cheques Deposit Machines accept cheques deposits at any time. These machines offer banking services to customers 24 hours. The maintenance and monitoring of these machines are handled by the bank's personnel. All transactions performed are transmitted directly into the bank's database and will appear in a series of reports and journal roll for verification and balancing by officer in charge.


The primary banking operations involve deposits and credits. Deposits operations that are manage by operations department, is the business of taking deposits and withdrawals. Credit operation that are manage by credit departments, is the business of lending moneys to consumers or companies. However, today the business scope of a bank has expanded into a more wide landscape. Remittances, insurance, foreign currency exchange and investment consultations are among the modern day services provided by banks. The picture below is a flow chart of how a transaction of withdrawals of money occurs at ATM machine.

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