Purpose: The purposes of the assignment: 1. Understanding a real-time and time-critical system 2. Understanding Entity Relationship Diagram and Data Flow Diagram in terms of a realtime software system...

Purpose: The purposes of the assignment: 1. Understanding a real-time and time-critical system 2. Understanding Entity Relationship Diagram and Data Flow Diagram in terms of a realtime software system 3. Analyzing a real-time system and the flow of the corresponding software
Introduction: The banks in Australia (and most of the other countries having modern banking system) provide the customers to transfer money between two accounts in real time. In most of the Australian banks, the transfer software/app, popularly known as Real-time Money Transfer (RMT), has the identical flow. As for example, a transfer starts after usual login and standard authentication. After that, user selects a recipient for the transfer. Having proper authentication (if required), if the total amount to transfer is less than the current balance of the user, the system transfers the money immediately to the recipient. Some of the system allows the sender to send an email to the recipient to let him know about the transfer. Although the transfer seems to be a straight-forward one, most of the bank enforce additional authentication to ensure the smooth and safe transfer of the money. You are now the in-charge of the development of this software in a new Bank. Your task is to oversee the development of this Real-time system required to ensure secured money transfer. Description:

CRICOS Provider No: 00103D                 2/3
The RMT should work according to the following rules:    Step-1: Sender enters the interface after successful authentication    Step-2: Selects the account (multiple account may be linked in one interface) and amount to transfer     Step-3: Select the recipient of the transfer either a) from an already Save info and move to Step-6, OR b) by entering the recipient name and account info    Step-4: The bank sends a code in SMS in sender’s mobile number (which is already stored in the bank database)     Step-5: Sender retrieve that code from SMS and enter the code in the website/ app and resume the transfer    Step-6: Transfer is completed and a confirmation message is shown