Banking

1
Banking

• ATMs
• Operating instructions for an ATM
• Effects of ATMs on everyday lifestyles
• Cheques
• EFTPOS
• Advantages
• Disadvantages
• The future of banking

2
ATM, Cash Point, Hole-in-the-wall
Receipt Printer
Card Reader
Screen Buttons
Speaker
Deposit Slot
Cash Dispenser
Keypad
Display Screen
3
Operating instructions for an ATM and services
available.

• Select Service
• Cash Withdrawal
• Order a statement
• Order cheque book
• Balance
• Mini statement
• Change PIN
• Deposit (Pay in)

4
Effects of ATMs on everyday lifestyles
1. Cash anywhere / anytime
2. Carry less cash
3. Less Queuing
4. Job losses
5. Fewer mistakes are made by a computer than by
a person
5
Cheques
Who the cheque is payable to
Date
Amount in numbers
Amount in words
000123
0123456 02
000123
30..9557.
Signature here
Sort Code
Cheque Number
Account Number
Transaction code
6
EFTPOS
Electronic Funds Transfer at the Point Of Sale
Debit card (same for a Credit Card)
Chip
Card Number
Expiry date
Account number
Sort Code
7
Advantages of EFTPOS
Stolen Cheque books, it is easier to look after a
plastic card.
Less paperwork for both the shop and the banks.
EFTPOS is fast much faster than paying either by
cheque or by cash
Better security, who will rob a shop which has no
money in the tills!
Itemised statements are sent by the banks..
Up to date accounts. Cheques can take 3 days to
process. EFTPOS is instant.
8
Disadvantages of EFTPOS
Expensive to buy and install. A small shop may
not be able to afford it.
Not everybody has a card. Debit cards must be
used for EFTPOS.
Breakdowns of the computer would mean that the
shop could not sell any goods.
9
The Future of Banking

• Smart Cards
• All banking details will be held the computer
  chip on the card
• The chip will also store medical, work,
  education details etc

• On-line (Internet) Banking
• You can now manage your finances over the
  Internet
• In the future everyone may do this through
  interactive TV