Answer 1_2_3

Describe three ways that ICT is used by a Bank.  Explain your answers.

Point                                                        Explanation

• Financial transactions           -    Computer used to credit or debit accounts
• Preventing fraud                  -     PIN on magnetic strip or chip
• Monitoring spending patterns -    Database can be used to target products.
• Internet website     -    Updating accounts by customer from home.
• Security       -    Different access rights to database.
• Security    -    Computer can monitor movement in  sensitive areas

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