What type of processing does MICR cheque clearing use?
Batch Processing
Real time processing
What type of processing do ATM's use?
Batch processing
Real-time processing
How are banking details protected?
Biometric entry
Encryption
What three things must a banking backup system have?
Tandem processors, uninterruptible power supplies and high speed links to transfer data off-site.
Uninterruptible power supplies, encryption services and biometric entry.
What is a payroll system?
An application that details with information to work out how much you should get paid.
A system of recording the amount of jobs that you have had.
Employees can fill in timesheets using OMR
Payroll systems use real-time processing
What is the output of a payroll system?
Receipt
Payslip
Email
What does MICR stand for?
Magnetic Ink Character Recognition
Multimedia Instillation Removal System
Name a service that is able to customers who use an ATM
Pay bills
Deposit cash
Apply for a loan
