2. Banking and ICT

The days of rooms full of clerks updating ledgers by hand are long gone. Banking has taken on everything that IT has to offer.

This includes

• Online banking
• Automated Teller Machines (ATM)
• Electronic bank transfer (BACS)
• International bank transfers (CHAPS)
• Online saving
• Automated cheque handling
• Debit and Credit cards

One particularly important feature of ICT in banking are the security issues. Many techniques have been used to keep your money safe, but ultimately it does need careful behavior on your part as well.