1. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Part 3: Cashless Society [Sec 2-4] Name: _____________________ Class: ____________ CEL: Computers in Banking and Retail

2. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Objectives 1.Understand that the trend is towards cashless electronic transactions (mention e- accounts and e-commerce)

3. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 3.1 Cashless Electronic Transactions Increasingly popular E-commerce Internet banking

4. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 What is e-commerce?

5. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 3.2 Electronic Commerce E-commerce Involves buying things on the Internet Deals with money, so becomes an attractive target for hackers and phishers

6. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Safety measures when using e-commerce

7. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Precautions in Using E-commerce Buy only from websites with safeguards Encrypting credit card number and the expiration date sent to the merchant 3.2 Electronic Commerce

8. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Precautions in Using E-commerce Buy only from websites with safeguards Encrypting credit card number and the expiration date sent to the merchant 3.2 Electronic Commerce

9. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Precautions in Using E-commerce (Cont’d) Check your credit card bill before paying 3.2 Electronic Commerce

10. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Smartcard Part 4: Smartcard

11. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Objectives 1.Give definition of smart cards with examples

12. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Smart Card A plastic card. Embedded with a computer chip. 4.1 Smart Card

13. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Smart Card It can provide identification, authentication, data storage and application processing serve as credit or ATM cards, fuel cards, mobile phone SIMs, authorization cards for pay television, household utility pre-payment cards, high- security identification and access-control cards, and public transport and public phone payment cards.ATMfuel cards SIMspublic transport 4.1 Smart Card

14. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Smart Card It can be "loaded" with funds to pay parking meters and vending machines or at various merchants. No connection to the issuing bank is necessary, so the holder of the card can use it even if not the owner. 4.1 Smart Card

15. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Smart Card 4.1 Smart Card

16. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Examples of Smart Card- Cash Card It is a stored-value card made by NETS.NETS It does not require a PIN. 4.2 Smart Card – Cash Card

17. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Examples of Smart Card- Cash Card It has –its own 8-bit microprocessor,microprocessor –a ROM to store smart-card related features,ROM –a RAM where temporary data is stored,RAM 4.2 Smart Card – Cash Card

18. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Examples of Smart Card- Cash Card an EEPROMEEPROM –where the manufacturer stores certain programs that determine how the cashcard behaves. –Information about the card, current balance and recent transaction log are also stored. –When the card is refunded, all data on its EEPROM is cleared, making the card no longer usable. 4.2 Smart Card – Cash Card

19. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Examples of Smart Card- Ez-link Card It is a smart card used for paying transportation fees for our country - Mass Rapid Transit (MRT), Light Rail Transit (LRT) and public bus services.Mass Rapid TransitLight Rail Transitpublic bus services 4.3 Smart Card – Ez-link Card

20. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Examples of Smart Card- Ez-link Card The cards are being used for payments in Singapore branches of McDonald's.McDonald's for food served within some Singapore’s school campus. 4.3 Smart Card – Ez-link Card

21. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Examples of Smart Card- Ez-link Card The cards are being used to mark the attendance of students in Some schools in SingaporeSingapore 4.3 Smart Card – Ez-link Card

22. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Examples of Smart Card- Ez-link Card The card also serves as a supplementary identification and concession card for students in nationally recognised educational institutes, full-time national service personnel serving in the Singapore Armed Forces, Singapore Civil Defence Force and Singapore Police Force or senior citizens who are over sixty years old.identificationconcession students in nationally recognised educational institutes Singapore Armed ForcesSingapore Civil Defence ForceSingapore Police Forcesenior citizens 4.3 Smart Card – Ez-link Card

23. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 4.4 ATM Card ATM Card An ATM card (also known as a bank card, client card, key card or cash card) is a card issued by a bank, credit union or building society that can be used at an ATM for –deposits, –withdrawals, –account information, –and other types of transactions, often through interbank networks

24. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 4.4 ATM Card ATM Card It has to be used with a PIN.

25. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 4.5 Credit Card Credit Card A plastic card, with a magnetic strip or an embedded microchip, connected to a credit account and used to buy goods or services magneticstripmicrochip account buygoodsservices

26. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 On identity cards Magnetic strips –Manufacturing cards with magnetic strips is cheap –Magnetic strips reader are affordable 4.6 How Data is Stored

27. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Smart chips –Computer chips that store information –Identification information 4.6 How Data is Stored

28. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 Smart chips (Cont’d) –Safer than magnetic strips –Credit card companies turning to smart cards because Credit card fraud Difficulty in counterfeiting smart cards Extra security Bonus features 4.6 How Data is Stored

29. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 4.7 Q&A (a)Credit card swipe reader (b)Optical mark reader/ scanner (c)MICR reader (d)Smart card reader

30. Computers in Banking and Retail CEL : C O M P U T E R S I N E V E R Y D A Y L I F E CEL 2 4.7 Q&A What happened when you lose your ATM, credit card or cash card?