igcse ict Grade 10mummy jp chk clearing.pptx

igcse ict Grade 10mummy jp chk clearing.pptx

1. ICT Grade 9 By: Ma. Teena

2. Starter: Jumbled words: Rearrange the words to make a meaningful sentence to work out the objective of the lesson INP PIHC NGNBIAK ONATIPALPC QESUCHE

3. OBJECTIVES

4. Banking applications The use of computer technology has revolutionized how we all do our banking transactions. ICT can be useful in banking applications in following way: • the use of automatic teller machines (ATMs) • internet banking • telephone banking • chip and PIN technology • clearing of cheques • electronic funds transfer.

5. OBJECTIVE 1: Define the key term CHIP and PIN and describe the process of debit/ credit card using them

6. 6.9.4 chip and pin Many credit cards are equipped with a chip/magnetic stripe - this contains key information such as the PIN, account name, account number, bank details and account expiry date.

7. Steps

8. Activity- 1 Dash and discover Sit in a group One student come forward and collect Your chits from the box and find their questions. Discus in the Group Captain of a group will come forward and discuss answer in the class

9. Group 1 Group 2 Group 3 Group 4

10. Dash and discover activity: Many credit cards are equipped with either chip or magnetic stripe – (True/False) CHIP contains key information such as house address. – (True/False) - Describe the process of debit/credit card ( with hints) Describe the process of debit/credit card. True False

11. Dash and discover activity: Describe the process of debit/credit card ( with hints ) Customer puts their card into the machine and enters the _____. b) Card machine contacts the _____ ( customer/merchant ) bank for authorization. c) If the customer has money, customer bank _____ ( accept/decline ) the transaction. d) Then the money will be deposited to _____ ( customer/merchant ) bank. PIN Customer accept merchant

12. What will you do if you forget PIN If you've forgotten your debit card PIN, some banks may offer a way to retrieve it through their website or app . You can also call a customer care representative, or find a local branch for help. You'll probably still need to verify your account ownership and may be directed to reset the PIN for security reasons.

13. What information are stored in Chip and pin card PIN, account name, account number, bank details and account expiry date

14. Objective 1

15. Objective 2 Analyze how cheques are being cleared by banks.

16. 6.9.5 clearing of cheques

17. Cheque Clearing Process

18. Recipient’s Bank - Eg. BBK Sender’s Bank - Eg. KFH Recipient(Payee) (Company, Individual person/Vendor) Sender(Drawer) (Customer/Company/Individual person)

19. The money sender’s bank verifies and credits the funds to the recipient’s bank (this step is known as clearing ). This whole process usually takes up to 3 - 5 working days. 6.9.5 clearing of cheque

20. Activity 2

21. The money sender writes a cheque and gives the cheque to recipient bank. - The data written on the cheque include:- The cheque amount The recipient’s name The cheque date Sender’s signature 2) The recipient sumbit the cheque to recipient’s bank. 3) The recipient bank sends cheque details to sender’s bank. Misconception check activity:

22. 4) The money sender’s bank verifies and credits the funds to the recipient’s bank. This step is known as checking.- 5) Once the recipient’s bank receives the funds, it transfers the funds to the sender’s bank account.- 6) This whole process usually takes up to 3 - 5 working days.- Misconception check activity:

23. R E F S N A R T Z Y X W V U T S R Q P O N M L K J I H G F E D C B A BUILD

24. E R T N E C G N I R A E L C Z Y X W V U T S R Q P O N M L K J I H G F E D C B A BUILD

25. E D O C Z Y X W V U T S R Q P O N M L K J I H G F E D C B A BUILD

26. K N A B E E Y A P Z Y X W V U T S R Q P O N M L K J I H G F E D C B A BUILD

27. A A A A A A A A A A A A A A A A A A Z Y X W V U T S R Q P O N M L K J I H G F E D C B A BUILD

28. Objective 2

29. HOT Justify the statement, ‘Fraud can be possible during cheque clearing’ 1 min

30. ‘Fraud can be possible during cheque clearing Fraudsters steal cheques that are written to you. They forge your signature on the back of the cheque and deposit it into their account. Fraudsters change the details on a valid cheque, such as the payee, date or amount.