Gain Immediate access to our Essays
FREE access exchanged for your work, or pay £4.99
Words: | Submitted: Thu Sep 04 2003
... Other services are available are withdrawal of cash, ordering of statements, requests for new chequebooks and obtaining the balance of the account. Advantages Disadvantages To the Bank Employs fewer people High level of security needed It is cheaper than paying staff Hackers could break into the machines Less need to build banks and money could be used elsewhere Employees loose their jobs. To the customer It is fast. Credit cards could be stolen It can be accessed anytime The magnetic strips can be damaged by the ATM They can get it anywhere The card has to be replaced from time to time 3. Bank cards, credit and debit cards Diagram front and back PIN stands for Personal Identification Number, it acts like a password, and the user enters it to the ATM keypad to verify that they are the account holder. The PIN helps to reduce fraud. The information stored on the magnetic strip is account numbers, bank sort code, system number, cheque digit Task two - Cheque ...
FREE access exchanged for your work, or pay £4.99