DP1 Banking Assignment

Research using the Internet and the site www.bankrate.com/brm/olbstep2.asp

a) What is meant by e-money?
b) What is meant by the term Digital Cash?
c) What are ATM Machines and how do they work?
d) What details are stored on credit/debit cards and how do they work?
e) How easy is it to create forged cards and what steps can be taken to minimise this?
f) What does online banking mean and what services does it include?

Have you ever been Internet Banking? Are you too young? Go to the following site: http://www.banksa.com.au and try out the interactive demonstration.

Visit the HSBC Branch and from this visit find out the following:

• What banking services do they offer for individuals and banks
  Which of these services involve the use of IT?
• Are there any future services that are being planned?
• Security and banking is in the news a lot at the moment with stories of Phishing. What extra steps are banks taking to ensure the security of customers bank details when doing Internet Banking.
• What measures do you feel that customers should take to work with you on the extra security of the Internet banking?
• If security was breached who would pay? The bank or the customer?
• How does the bank feel that customers benefit from online banking?
• What impact has the technology developments had on banking employment and training.