Areas of Impact: Business and Employment

1.) a.) Receipt dispensers where the receipt comes out and the screen where information is displayed to the user are two output devices on an ATM.

b.) An example of fraud involving an ATM card would be phishing, where an e-mail is sent to a user to scam the user into revealing personal information. The scammer usually directs a link in the email that links to a page where personal information like bank account number, passwords and credit card numbers are asked for. One possible solution to this crime would be not to open emails that look suspicious and that asks for personal information. To be safe, give your bank a call to see if they really needed your personal information for some reason.

c.) Validation processes are needed when you use the ATM to withdraw money from your bank account. One validation is your bank card. The bank card goes through the card slot and reads your card, after the ATM accepts your bank card, a second validation follows. The second validation asks for your PIN number that you have chosen from when you activated your bank card. The ATM checks for agreement between the two validations. After the two validations are accepted, you are able to continue with your transaction.

d.) For some users online banking can be a tool that can help simplify their life, but for others it can increase the complexity of banking. This is because online banking can be difficult for beginners to use, therefore, some may find going to the bank even more efficient. For people that are better with computers, online banking can benefit them greatly. Some advantages for using online banking for tech savvy’s would be that you can make transactions any time you want to, you don’t have to wait in line to get your job done which makes banking much more efficient and your account can be accessed as long as you have the internet, so even if you’re on vacation, you don’t have to worry about paying