711681
Description
Flashcards by lauramyates3, updated more than 1 year ago
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Created by lauramyates3
over 10 years ago
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| Question | Answer |
| Advantages of Online Banking | 24/7 service pay bills at any time No need to spend time travelling to branches Transfer funds quickly and can be tracked online Goods often discounted because of lower retail costs |
| Disadvantages of Online Banking | Hacking (fraud using a computer) You cannot get cash Lifestyle issue for older people |
| Prevention method for Stealing cards at Automated Teller Machines | Do not write down PIN numbers Do not let anyone see you typing in your PIN number |
| Prevention method for stealing debit/credit cards | Photos on cards Lower amount that can be spent using cards Details of stolen cards put on POS terminals |
| Prevention method for credit card fraud on Internet and their misuse | Use agreed words on some sites Use a secure service |
| Prevention method for card copying | Programmable smarts cards make data difficult to copy Use of holograms make card difficult to copy |
| Prevention method for phishing | Be suspicious of official looking emails/check the URL of website. |
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