ict and banks banks use mainframe computers to maintain customer accounts. they store a record of...
TRANSCRIPT
![Page 1: ICT and Banks Banks use mainframe computers to maintain customer accounts. They store a record of each customer’s withdrawals and deposits. Each bank mainframe](https://reader035.vdocument.in/reader035/viewer/2022071807/56649ec55503460f94bcfb18/html5/thumbnails/1.jpg)
ICT and Banks• Banks use mainframe computers to maintain customer accounts.
• They store a record of each customer’s withdrawals and deposits.
• Each bank mainframe is used to operate a network of ATMs.
![Page 2: ICT and Banks Banks use mainframe computers to maintain customer accounts. They store a record of each customer’s withdrawals and deposits. Each bank mainframe](https://reader035.vdocument.in/reader035/viewer/2022071807/56649ec55503460f94bcfb18/html5/thumbnails/2.jpg)
ATMTypically, an ATM can be used for:
• Withdraw Cash;
• Check an account balance;
• Order/print a statement
• Transfer & payment• ATM = Automated Teller Machines
![Page 3: ICT and Banks Banks use mainframe computers to maintain customer accounts. They store a record of each customer’s withdrawals and deposits. Each bank mainframe](https://reader035.vdocument.in/reader035/viewer/2022071807/56649ec55503460f94bcfb18/html5/thumbnails/3.jpg)
ATMWhat are the parts of an ATM?
Magnetic Stripe Reader
Screen to display menu
options
Keyboard
Printer
There will also be a slot somewhere on the
machine to dispense the cash.
![Page 4: ICT and Banks Banks use mainframe computers to maintain customer accounts. They store a record of each customer’s withdrawals and deposits. Each bank mainframe](https://reader035.vdocument.in/reader035/viewer/2022071807/56649ec55503460f94bcfb18/html5/thumbnails/4.jpg)
ATMUsing an ATM:
• Insert a debit or credit card into the magnetic stripe reader.
• It will read an account number from the stripe on the back.
• ATM will then ask customer to use their PIN (Personal Identification Number) for security.
• Customer asked to select an option from a menu on the screen.
• To withdraw cash, the customer selects the relevant options and the request is sent to the bank’s mainframe where it is approved and updated.
![Page 5: ICT and Banks Banks use mainframe computers to maintain customer accounts. They store a record of each customer’s withdrawals and deposits. Each bank mainframe](https://reader035.vdocument.in/reader035/viewer/2022071807/56649ec55503460f94bcfb18/html5/thumbnails/5.jpg)
ATMAdvantages of using an ATM:
• Banks can keep their operating costs down as fewer employees are needed to work at the branches.
• Customers have 24 hour access to their accounts seven days a week.
• There’s no need to carry large amounts of cash around as the large number of ATMs means that it is readily available.
Next time your parent/guardian is going to the ‘Cash Machine’ ask if you
can go along and watch the process!
![Page 6: ICT and Banks Banks use mainframe computers to maintain customer accounts. They store a record of each customer’s withdrawals and deposits. Each bank mainframe](https://reader035.vdocument.in/reader035/viewer/2022071807/56649ec55503460f94bcfb18/html5/thumbnails/6.jpg)
Types of CardsThere are 2 types of card you will need to be familiar with:
• A Debit Card;
• A Credit Card;
![Page 7: ICT and Banks Banks use mainframe computers to maintain customer accounts. They store a record of each customer’s withdrawals and deposits. Each bank mainframe](https://reader035.vdocument.in/reader035/viewer/2022071807/56649ec55503460f94bcfb18/html5/thumbnails/7.jpg)
Types of CardsA Debit Card:
• This card allows the user to transfer money from their bank account to the vendor’s bank account.
• The money for the purchase of the item is taken from the customer’s bank account after 1 or 2 days.
• The customer MUST have money in the account to cover the cost of the item.
![Page 8: ICT and Banks Banks use mainframe computers to maintain customer accounts. They store a record of each customer’s withdrawals and deposits. Each bank mainframe](https://reader035.vdocument.in/reader035/viewer/2022071807/56649ec55503460f94bcfb18/html5/thumbnails/8.jpg)
Types of CardsA Credit Card:
• This card allows the customer to purchase an item even if they do not have enough funds in their account.
• The customer is then sent a bill each month totalling the cost of the items bought in that period.
• The bill will contain an amount added for ‘interest.’
• The ‘interest rate’ will be determined by the Credit Card provider.
![Page 9: ICT and Banks Banks use mainframe computers to maintain customer accounts. They store a record of each customer’s withdrawals and deposits. Each bank mainframe](https://reader035.vdocument.in/reader035/viewer/2022071807/56649ec55503460f94bcfb18/html5/thumbnails/9.jpg)
Chip and PINWhat is Chip and PIN?
• Found on debit and credit cards.
• Customer places chip into a card reader and is asked to input their PIN (Personal Identity Number).
• The PIN is the same one that is used in the ATM.
• It is a security measure to stop people forging signatures and using a card fraudulently.