Banking Applications by martina ikeda https://padlet.com/martinaikedacgc/14o63r5opksufigw By Granieri, Ikeda and Jastrebow en-us 2020-04-26 14:00:29 UTC 2025-04-11 13:52:51 UTC hello@padlet.com BANKING APPLICATIONS martinaikedacgc https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531209524 2020-04-26 14:03:57 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531209524 martinaikedacgc https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531210901 Technology has revolutioned banking transactions.]]> 2020-04-26 14:04:57 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531210901 Automatic teller machines (ATMs) martinaikedacgc https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531214015 2020-04-26 14:06:21 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531214015 martinaikedacgc https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531216570 Place where a costumer can carry out certain banking activity using credit or debit card.]]> 2020-04-26 14:08:01 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531216570 Typical ATM process martinaikedacgc https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531230056 2020-04-26 14:17:35 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531230056 Disadvantages martinaikedacgc https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531231260 -Located at places where theft can occur.
-Some banks charge costumers for using them.
-ATMs can be set up to gather information about the card and retain it.]]> 2020-04-26 14:18:28 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531231260 Internet Banking martinaikedacgc https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531235937 2020-04-26 14:21:54 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531235937 martinaikedacgc https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531240988 It requires good seurity]]> 2020-04-26 14:25:26 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531240988 martinaikedacgc https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531242550 It allows you to transfer money, pay bills, ordering of statements and so on.]]> 2020-04-26 14:26:30 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531242550 Advantages of online shopping and banking martinaikedacgc https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531250160 -Activities can be done from home. 
-It helps reduce town center congestion and pollution.
-Users have access to a world wide market into cheaper products.
-It is less time consuming.
 -Disabled and elderly people, can now access any shop or bank without leaving home.
-It can be done at any time. 
-It gives you spare time.
-You don’t need to have a face-to-face discussion with bank stuff.
-The shops or banks save money as they dont have to hire many employees.]]> 2020-04-26 14:31:31 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531250160 Disadvantages of online shopping and banking martinaikedacgc https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531250765 -There’s a possibility of isolation and lack of socialization. 
-There are possible health risks due to a lack of exercise. 
-There are security issues concern to viruses and other malware. 
-Using fraudulent bank or shopping sites is always a risk. 
-It is necessary to have a computer and to pay for the Internet. 
-It is only possible to see a picture of the good witch my not portray the exact product. 
-Some shops are closing because of the increase in online shopping or banking. 
-It is easier to make errors and transfer money incorrectly to different accounts.]]> 2020-04-26 14:31:57 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531250765 ICT effects on companies martinaikedacgc https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531274947 -Companies can’t save money since few were staff is needed.
-The potential customer base is increased. 
-There will be some increased costs due to the need of retrain staff. 
-There will be costs due to the setting up and maintaining of websites. 
-This could lead to a drop in customer loyalty as there are little interaction with customers. 
-Robberies are less likely. 
-If you were security staff need to be hired.]]> 2020-04-26 14:47:30 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531274947 Telephone banking mati_jastrebow https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531927519 2020-04-26 22:06:32 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531927519 mati_jastrebow https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531929376 Similar]]> 2020-04-26 22:08:30 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531929376 mati_jastrebow https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531930147 It uses a telephone]]> 2020-04-26 22:09:12 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531930147 In both customers are able to: mati_jastrebow https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531933826 - check their balances anywhere around the world. 
- pay bills or transfer money to another accounts.
- talk with a bank representative.]]> 2020-04-26 22:13:25 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531933826 It follows a sequence: mati_jastrebow https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531946391 - The customer calls the bank
- The customer keys in their account number
- They have to enter or select numbers of their PIN
- Then they receive various options that are: 
                      press 1, for their balance
                      press 2, for a money transfer
                      press 3, to pay a bill
                      press 4, to talk with a bank representative
- Finally, the customer chooses one of the options]]> 2020-04-26 22:22:55 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531946391 mati_jastrebow https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531953010 Similar advantages]]> 2020-04-26 22:30:13 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531953010 Advantages mati_jastrebow https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531953813 -  No need to have a computer
- It's possible to talk with another person]]> 2020-04-26 22:31:11 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531953813 Disadvantages mati_jastrebow https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531954953 - Slow
- Complex to navigate]]> 2020-04-26 22:32:30 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531954953 Chip and Pin mati_jastrebow https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531955985 2020-04-26 22:33:39 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531955985 mati_jastrebow https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531957689 Are found in many credit cards]]> 2020-04-26 22:35:37 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531957689 mati_jastrebow https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531958572 It was created to enhance security]]> 2020-04-26 22:36:45 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531958572 Electronic funds transfer (ETF) mati_jastrebow https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531959188 1- The PIN is entered.
2- The card is checked to see its validity.
3- The PIN of the card is compared to the one keyed in.
4- If they are the same, the transaction proceeds.
  - If they aren't the same after the third attempt, the transaction is terminated.
5- The restaurant's bank contacts the customer´s bank.
6- A check is made, if the customer has enough funds.
7- If there aren't enough funds, the transaction is terminated.
8- If everything is OK, the transactions is authorized.
9- An authorization code is sent to the restaurant.
10- The price of the meal is deducted of the customer's account.
11- That amount of money is added to the restaurant's account.
12- A receipt is produced as a proof of the transaction.]]> 2020-04-26 22:37:31 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/531959188 Clearing of cheques granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534568526 2020-04-27 19:43:56 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534568526 granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534580046 Imagine Someone pays a cheque, to for example a companie. ]]> 2020-04-27 19:48:48 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534580046 granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534590820 How the comppanie's bank acount credited with the payment?]]> 2020-04-27 19:53:51 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534590820 granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534627830 1) Once received The companies bank sent the cheque to a centralized clearing center.]]> 2020-04-27 20:12:00 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534627830 granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534628500 2) There the cheque is processed by first of all passing through a reader/sorter machine that automatically reads, The amount of the cheque and the code line.]]> 2020-04-27 20:12:20 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534628500 granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534629067 3) All cheques are then sorted using their sort codes, ready for sending it to the exchange center.  the data read on the cheque is converted into an encrypted file, known as IBDE.]]> 2020-04-27 20:12:39 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534629067 granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534630331 4) Every IBDE is signed by a digital signature so that the receiving bank could be sure that the data hasn't been tampered with.]]> 2020-04-27 20:13:18 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534630331 granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534630840 5) the company's bank sent delivers the cheque to an exchange center.]]> 2020-04-27 20:13:36 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534630840 granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534631278 6) The exchange center then passes the cheque back to the paying bank wich send it to its own clearing centre.]]> 2020-04-27 20:13:50 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534631278 granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534647834 Once there the digital signature is checked and the cheque is passed through their own reader/sorter machine, to make sure the data matches with the IBDE file, it also sort the cheques into BRANCH ORDER]]> 2020-04-27 20:22:24 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534647834 granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534657530 The paying bank checks if there is all in conditions to continue with the process. Based on this information the bank desides whether to pay the cheque or return it.]]> 2020-04-27 20:27:18 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534657530 A chque could be returned umpaid because... granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534660192
  • the costumer has not got enough money in their account.
  • is has not been signed, dated or written correctly.
  • it is fraudulent for some reasson.
    • ]]>     2020-04-27 20:28:44 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534660192     granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534670105 The  hole process took 3 working day]]> 2020-04-27 20:33:41 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534670105 Electronic founds transfer granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534674947 2020-04-27 20:35:30 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534674947 granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534680573 Is a system that allows money transfer instructions to be sent directly to a bank’s computer system]]> 2020-04-27 20:38:39 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534680573 granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534681623 Where the computer system automatically transfers the specified amount from one account to another.]]> 2020-04-27 20:39:17 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534681623 granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534683033 Transfer instructions can come from other banks or from businesses.]]> 2020-04-27 20:40:06 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534683033 granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534684769 A very common use of EFT is when a large business pays its employees’ salaries.]]> 2020-04-27 20:40:54 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534684769 granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534686367 2020-04-27 20:41:46 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/534686367 granierimariajesus https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/554711770 2020-05-06 13:27:07 UTC https://padlet.com/martinaikedacgc/14o63r5opksufigw/wish/554711770