An average pin. The chip.. Main function The chip and pin system is a safe way to make payment with a credit/debit card in the UK and Ireland.

Slides:



Advertisements
Similar presentations
ORDER VERIFICATION ORDER ENTRY DAILY PROCESS ORDER VERFICATION - Order Sort Browse - Enter Order # - F-8 OK.
Advertisements

GCSE ICT By the end of this session, you will be able to: Explain main features of ATM machines Identify features of credit cards, debit cards, smart cards.
1 AQA ICT AS Level © Nelson Thornes Safety and security Chip and Pin.
By : Andrea Hairston Penn State Fayette IST 110. Credit cards purchases goods without the immediate use of cash. Receives a bill every month. If not paid,
Chapter 6 E-commerce Payment Systems. Traditional Payment Systems Cash Checking Transfers Credit Card Accounts Stored Value Accounts Accumulating Balance.
ICT at Work Banking and Finance.
EMV chip and pin the business case. What is EMV? New Standard in “Chip Card” Technologies Replacing Magnetic Strip Cards New Standard in “Chip Card” Technologies.
JAIPUR 16 DEC 08 TECHNOLOGY FOR FINANCIAL INCLUSION Indian Institute of Banking & Finance N D RAO.
Commercial Data Processing Lesson 2: The Data Processing Cycle.
A guide to protecting your money and your identity KEEPING MONEY SAFE Keeping money safe Money Works: Level 1 Topic 3.
GCSE ICT Computers and the Law. Computer crime The growth of use of computerised payment systems – particularly the use of credit cards and debit cards.
Debit Card Plastic card that looks like a credit card
Requirements for Opening a Checking Account
3.4 Electronic Monetary Processing. Overview Demonstrate and apply knowledge and understanding of: − EFT and identify the advantages and disadvantages.
RISK IDENTIFICATION IN PAYMENT METHOD. OVERVIEW OF FINANCING METHODS: Risk Identification and Mitigation –Cash in Advance When It is Used Risk to Importer.
Checking Account Debit Card Safety Tips card-safety-10-tips.htm October.
Electronic ATM Fraud. ATM Fraud is where you goto an ATM and you insert your card into a skimmer which is placed in the card slot and it will take all.
6 th Period - Shumate. A debit card is a card issued by a bank allowing the holder to transfer money electronically to another bank account when making.
Credit Card vs. Debit Card. Debit Cards Also called “check cards” –Works just like writing a check Deducts money from your checking account.
Method for verifying a credit card number: Example:
Merijn Benjamin Christina
Credit Intro Review  Define Credit  What is interest?  How to stay out of credit debt?!  T or F : A payment is counted as a charge in the transaction.
Safe Use of ATM and Cards (Debit and Credit) (a presentation by MCPF Penang)
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.
Chapter 10 Banking.
Indiana Department of Financial Institutions BANK ON IT Money Smart Course.
OCS Systems On-Line Photocopy Vending On-Line Computer Print Vending Student ID card / ABA compatible.
The Swedish Card Payment Market Lars Nyberg February 3, rd February 2003.
Introduction Have you ever?? Have you ever??. Digital Cash has different forms. Identified, Identified, Credit Cards Most common Less private Anonymous,
Computerization of a bank  Automatic Teller Machines  Net Banking  Phone Banking  Savings/ Current/ Fixed Deposit/ Recurring Deposit  Loans against.
B13: I can find the new balance on a credit card statement.
Describe direct data entry and associated devices, e. g
PRESENTATION Open an account in a bank. What is Debit and Credit card? Debit card You’ll be issued with a “ Debit card “ when you open an account Debit.
Electronic Cash R. Newman. Topics Defining anonymity Need for anonymity Defining privacy Threats to anonymity and privacy Mechanisms to provide anonymity.
ANS(Prepared by: Mazhar Javed )1 Computer crime The growth of use of computerised payment systems – particularly the use of credit cards and debit cards.
Describe direct data entry and associated devices, e. g
Input/Output/Storage. Input Devices Computers need to capture information. This can be done using an Input device.
Improve Your Experience OffenderConnect Kiosk. Improve Your Experience OffenderConnect Kiosk OffenderConnect Kiosk Presentation ●Overview, Features and.
ATM Fraud. Lost/stolen cards The Lost or Stolen physical card is becoming less of a target The data that can be skimmed is much more valuable and any.
How to Write Checks and Balance Accounts. Checking Account An account at a bank against which checks can be drawn by the account depositor Check – A document.

EMV Operation and Attacks Tyler Moore CS7403, University of Tulsa Reading: Anderson Security Engineering, Ch (136—138), (328—343) Papers.
Tereza Bayerová Dagmar Toscherová.  Is a small plastic card (size 85,6 x 54 mm) that can be used by a cardholder and accepted by a merchant to make a.
How To Apply On-line Kangwon National University Office of International Affairs.
Introduction What would our society be like now if we did not have ATm’s? Not able to access money when we urgently want it. You will have to go to the.
TECHNOLOGY FOR FINANCIAL INCLUSION
Teens 2 lesson six using banking services presentation slides 04/09.
Personal Banking and Commercial Banks
Welcome to Neath Port Talbot College!
Credit, Debit, and ATM Cards
Evaluating the security of available payment methods
Shopping experience! Avoiding online fraud Ian Ramsey C of E School
Credit Scores Interest on Debt and Interest on Savings
Resetting a Credit/ Debit card transaction
Personal Banking and Commercial Banks
You can view all scheduled bills and your bill calendar
Electronic Commerce Payment Systems
Loans Mortgages Credits
using banking services
Banking What is a bank? Banks are financial institutions that accept deposits from customers and lend money. These entities are for profit. What is a.
Relations.
Open this File to determine what food donations are available and what you want to bring as your contribution. Go to Drop Down menu and click arrow to.
Teens 2 lesson six using banking services presentation slides 04/09.
Method for verifying a credit card number:
using banking services
Service Receipt Service Receipt Number: Date:
I have… I have… Who has 3:40? Who has 12:20? I have… I have…
Financial Service Providers
Payment Card Industry Data Security Standards (PCI-DSS) Training
Uses of Telecommunications & ICT
Presentation transcript:

An average pin. The chip.

Main function The chip and pin system is a safe way to make payment with a credit/debit card in the UK and Ireland.

Input – process - output The input is choosing how much to put in or out. The chip processes this with the machine. And give you the output of how much you wanted to put in or out.

history Credit cards used magnetic stripes to read accounted data and a signature to verify. This magnetic stripe could be recreated easily for criminal use. Before that was cash.