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Is3440 Project Part 1

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Project: Project Part 1: Executive Summary

First World Savings and Loan is a financial institution that processes credit card transactions and loan applications online. We are currently considering implementing an open source infrastructure. This could potentially save us over $4,000,000 per year in licensing fees for the software we are currently using. However, due to our business needs; we must still comply with the Sarbanes-Oxley Act (SOX), Payment Card Industry - Data Security Standard (PCI-DSS), and the Gramm-Leach-Bliley Act (GLBA). We must comply with SOX, because we are a publicly-traded financial institution; PCI-DSS, because we process online credit card transactions; and GLBA, because we are a financial institution. All …show more content…

There are numerous great open source software solutions for database servers, like, H2, HyperSQL, MySQL, mysql, Oracle, and PostgreSQL, just to name a few. They all offer topnotch functionality, performance, scalability, and security. As far as which one is the best, I recommend PostgreSQL. PostgreSQL is an object-relational Database software solution that offers some of the most feature rich options as compared to the bigger commercial manufacturers like Oracle, IBM, Sybase and Informix, and the best part of it, it 's free. It 's also one of the first database software that was released, and it has a proven track record with over 23 years of active development. It was created back in 1989. The only other DB software that came out before it is Oracle, which was created back in 1979. Now PostgreSQL might not be the fastest, but It more than makes up for it with its functionality. It allows the use of two different types of interfaces, a GUI (for those who like the point-click style) and a SQL. It works on most OSs like windows, Linux, Mac, Unix, etc. It has a vast array of services and tools that is included to streamline the administration of the Database. Here are just some examples; Full ACID (Atomicity, Consistency, Isolation, & Durability) compliancy, commercial & noncommercial support, triggers support, user defined data type support, stored procedure support, online backup, multiple index type input support, embedded

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