Cashless Society E-Learning 1 (31 st Jan – 1 st Feb 2008)

Slides:

Advertisements

Similar presentations

Collecting data Chapter 6. What is data? Data is raw facts and figures. In order to process data it has to be collected. The method of collecting data.

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.

CEL: Computers in Banking and Retail

ICT at Work Banking and Finance.

Automatic Data Capture Devices & Methods

HARDWARE INPUT DEVICES ITGS. Strand 3.1 Hardware Input Devices Keyboards Pointing devices: Mice Touch pads Reading tools: Optical mark recognition (OMR)

Input & Output Devices ASHIMA KALRA.

Commercial Data Processing Lesson 2: The Data Processing Cycle.

Data Capture Methods. In this topic, we will be looking at: Methods of data capture When it would be appropriate to use each method Advantages and disadvantages.

Electronic Commerce Semester 1 Term 1 Lecture 22.

ATM : A.T.M Done by Shakila Sattar. What is an A.T.M.? Automated teller machine Or Automatic teller machine.

3.4 Electronic Monetary Processing. Overview Demonstrate and apply knowledge and understanding of: − EFT and identify the advantages and disadvantages.

AUTOMATIC DATA CAPTURE  a term to describe technologies which aim to immediately identify data with 100 percent accuracy.

3.1 Business and employment. Banking and Finance.

Part 2: Computers used in Banking

Input devices, processing and output devices Hardware Senior I.

AS Level ICT Selection and use of input devices and input media: Capturing transaction data.

Electronic Payment. Amounts transferred through accounts Money transfer instructions Bank’s computer system Other banks / Businesses.

GCSE Information Technology Input Devices and Methods Objectives:  To understand what input devices are.  Identify their individual uses  Be able to.

ICT in ORGANISATIONS. ICT AND BANKING Know, Describe and Understand!

BornholmsTrafikken April 2004 Peter Havskov Christensen, M.Sc.

INPUT DEVICES. KEYBOARD Most common input device for a computer.

Standard Grade Computing COMMERCIAL DATA PROCESSING CHAPTER 13.

Electronic Payment Systems

The difference between a Credit and Debit Card Debit card: Give you access to your funds immediately Credit card: You use money you don’t have but are.

OCR GCSE ICT DATA CAPTURE METHODS. LESSON OVERVIEW In this lesson you will learn about the various methods of capturing data.

Input and Output Devices - Inputs

LESSON 2 Input and Output Devices

GCSE ICT Computer applications. Computers are being used more and more in both the home and the workplace. The use of ICT and the application of computers.

Input Devices Manual and Automatic By Laura and Gracie.

Electronic Commerce Semester 1 Term 1 Lecture 18.

ICT in Banking.

Data Capture F451 - AS Computing. Data and Information Data –Raw Facts and Figures –No structure or context Information –Structured, Organised Data –Processed.

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.

Data Capture Understand the concept of data encoding. Describe methods of data capture and identify appropriate contexts for their.

The Social Impact of Information and Communication Technology on Business Lecture 9 1.

Data Capture By Chris McBride. What is Data Capture ? There are a large variety of sources from which data can be acquired and and many devices that can.

Computer applications

Lesson Objectives By the end of the lesson you will be able to: Explain how a wide range of work-related tasks have been affected by ICT.

IT Fundamentals1 Input and Output Describe input Input Devices Keyboard entry, pointing devices, scanning devices Image capture, digitizing, audio-input.

Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Part 3: Cashless Society [Sec 2-4] Name: _____________________.

Describe direct data entry and associated devices, e. g

GOALS BUSINESS MATH© Thomson/South-WesternLesson 3.2Slide 1 3.2Electronic Banking Record electronic banking transactions Find account balance when banking.

Slide 1 A Free sample background from © 2003 By Default! HANDLING DATA IN INFORMATION SYSTEM 19 July 2005 Tuesday Lower 6.

Information technology referring to computer and peripheral equipment shown tremendous growth in service industry Obvious e.g is banking industry where.

Describe direct data entry and associated devices, e. g

Electronic Payment. Amounts transferred through accounts Money transfer instructions Bank’s computer system Other banks / Businesses.

1.7.2.G1 © Family Economics & Financial Education – Revised May 2005 – Financial Institutions Unit – Electronic Banking Funded by a grant from Take Charge.

AS ICT.  Know the two major ways in which ICT has affected employment  Understand the reasons behind this  Be able to discuss the effects of ICT on.

Step 2 – Register a Card To register a UR Card, you can send an to or fill out the registration form at one of our awesome

The Big Picture Things to think about What different ways are there to collect information automatically? What are the advantages and disadvantages of.

Memory Random Access Memory (RAM) and Read Only Memory (ROM)

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.

Input & Output Devices ASHIMA KALRA.

A device tat transfers data from the outside world into a computer

DATA COLLECTION Data Collection Data Verification and Validation.

Input and Output Devices

MAGNETIC STRIPE READER

Describe direct data entry and associated devices, e. g

Organizations – banking

Selection and Use of Input Devices and Input Media High Volume Devices

OCR GCSE ICT Data capture methods.

OCR GCSE ICT Data capture methods.

معاونت فناوری اطلاعات و شبکه ارتباطات مدیریت فناوری اطلاعات

Data Capture F451 - AS Computing.

Using tools to manage money

Uses of Telecommunications & ICT

Presentation transcript:

Cashless Society E-Learning 1 (31 st Jan – 1 st Feb 2008)

Instructions Read through the presentation slides on “Cashless Society” You are then supposed to do Activity 1, 2, 3 and Review Exercise CEL 4 Submission Deadline 4 th February 2008 (Monday) Late submission will be dealt with severely.

Objectives 1.Give examples of how computers are used in the bank, such as for cash dispensing, cheque processing, management of customers’ accounts and online banking 2.Mention how data is captured through the use of OMR, MICR, magnetic strips and barcodes 3.State that a personal identification number (PIN) is commonly used as a security measure when using a smart card 4.Understand that the trend is towards cashless electronic transactions

Introduction Computers are used in many places Popular because Cost reduction Communication Growth of Information and Communication Technology (ICT) industry

Computers in Banks Commonly seen computers in banks

Back-office operations Confidential activities Cheque processing Management of customers’ accounts Online banking Computers in Banks

Benefits to customers Convenience ATMs found in many places Accessibility Computers can work long hours Security All transactions are recorded Predictability Computers are predictable Computers in Banks

Why Electronic Banking is Popular? Benefits to banks Low cost Banks do not need to open many branches and employ many people to serve a majority of customers Security Security features are built into ATMS e.g. camera Accounting Computers makes capturing transaction records easier

How Data is Stored On identity cards Magnetic strips Manufacturing cards with magnetic strips is cheap Magnetic strips reader are affordable

Smart chips Computer chips that store information Identification information How Data is Stored

Smart chips Safer than magnetic strips Credit card companies turning to smart cards because Credit card fraud Difficulty in counterfeiting smart cards Extra security Bonus features How Data is Stored

Using OMR (Optical Mark Recognition) How Data is Stored

Using OMR Simplify data entry Becoming popular because OMR scanning is Fast Accurate Cost effective Easy to implement and support How Data is Stored

Using MICR (Magnetic Ink Character Recognition) Used in bank cheques Computerises the cheque clearing process Special symbols printed on cheque How Data is Stored

Using MICR Computerises the cheque clearing process MICR reader magnetizes and translates symbols Cheque information transmitted to Automated Clearing House (ACH) Cheques also read and sorted with a MICR reader/ sorter at the ACH Banks able to process cheques faster and cheaper How Data is Stored

Using Barcodes Used to store information Cheap to make Easy to read How Data is Stored

Cashless Electronic Transactions Increasingly popular E-commerce Internet banking

Disruptive Technology Implementing new technology often leads to job losses initially Workers’ jobs replaced by computers New technology Makes life better Lower business costs Businesses grow and new jobs created

The End

You are reminded once again to do Activity 1, 2, 3 and Review Exercise CEL 4 Submission Deadline 4 th February 2008 (Monday) Late submission will be dealt with severely.