{"id":74,"date":"2015-10-13T09:26:30","date_gmt":"2015-10-13T09:26:30","guid":{"rendered":"http:\/\/mr-west.uk\/igcse\/?page_id=74"},"modified":"2020-11-12T19:13:27","modified_gmt":"2020-11-12T19:13:27","slug":"6-9-banking-applications","status":"publish","type":"page","link":"https:\/\/learnlearn.uk\/igcseict\/6-9-banking-applications\/","title":{"rendered":"Lesson 30 – Banking Applications"},"content":{"rendered":"
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Starter<\/h2>\n
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Starter<\/h4>\n
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Complete this online booking systems crossword!<\/p>\n

\"crossword-grid\"<\/p>\n<\/div>\n

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Clues<\/strong><\/p>\n

Across<\/strong><\/p>\n

3. The input for accepting terms and conditions<\/p>\n

5. Where you enter your debit card details<\/p>\n

7. Where you start your booking<\/p>\n

8. Input for choosing when to go<\/p>\n

9. An input with only 2 possible options<\/p>\n

Down<\/strong><\/p>\n

1. All pages would have this button<\/p>\n

2. Where you are given a booking reference<\/p>\n

4. Where you choose from a list of options<\/p>\n

6. Online bookings systems are ________ to implement<\/p>\n

Online Booking Systems Word Search PDF<\/a><\/p>\n<\/div>\n\n<\/div>

Introduction<\/h2>\n
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Banking Applications<\/h4>\n

ICT has revolutionised the way that we do banking, allowing near instant global access to a wide variety of banking services. This lesson looks at the banking services that are now provided by ICT and the computer processing that takes place.<\/p>\n<\/div>\n

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\"the_co-operative_bank_-_ealing_9415463884\"<\/p>\n

Source: Wikipedia<\/a><\/p>\n<\/div>\n\n<\/div>

EFT<\/h2>\n
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Electronic Funds Transfer<\/h4>\n

Electronic Funds Transfer (sometimes known as a wire transfer) is the electronic transfers of funds from one bank account to another, anywhere in the world.<\/p>\n

Transfers can be near instant, or take a couple of days, depending on the nature of the transaction and the arrangements between the banks.<\/p>\n

Wire transfer computer processing<\/strong><\/p>\n

The money sender gives their bank the receiver’s bank account details and requests an amount of money to be sent.<\/p>\n

The bank checks that the destination bank is valid and deducts the funds from the sender’s account<\/p>\n

Advantages<\/strong><\/p>\n

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